News

ARMM Investment Doubles Last Year; Reaches Record High P3.3-B In 3rd Quarter

COTABATO CITY. September 5, 2014. Strong economic growth in the Autonomous Region in Muslim Mindanao (ARMM) is seen as more investors are coming to the region to do business.This is according to the latest report of its Regional Board of Investments (RBOI).

In a joint Board of Governors’ and Management Committee (ManCom) Meeting in Davao City on September 7, 2014, three firms were approved for registration by the RBOI.

The three firms namely, Darussalam Mining Corporation, Al Mujahidun Agro-Resources and Development, Inc. and Bangsamoro Oil and Fuels Corporation posted a total of Php 848 million worth of investment projects and generated 1,210 jobs in the ARMM.

The addition of the three to the seven firms whose registrations were previously approved by RBOI earlier this year means that total...

ARMM Delivers 'inclusive Growth' For Gov't. W/ P2.5-B Investments In The Region

COTABATO CITY. June 23, 2014.The Autonomous Region in Muslim Mindanao (ARMM), the poorest region in the country, delivered record private sector investments in the first semester of this year.  The ARMM Regional Board of Investments (RBOI) registered seven (7) firms in the 1st Semester of 2014 with total investment value of Php 2.52 billion or 72% higher as compared to the whole of last year worth Php1.463 billion. The back to back investments of more than one-billion pesos for the past two years are unprecedented in the ARMM, known as a hotbed of the Moro insurgency in Mindanao.  This year the government signed the Comprehensive Agreement on the Bangsamoro with the Moro Islamic Liberation Front paving the way for the surge in investments in the ARMM, which is envisioned as the core territory of the proposed Bangsamoro political entity.

The administration under President Benigno S. Aquino III, through the...

Phenomenal Growth In ARMM Investments Reaches P2.5-B Mid 2014, Biomass Power Leads

 
BONGAO, TAWI-TAWI, June 16, 2014. -The Regional Board of Investments of the Autonomous Region in Muslim Mindanao (RBOI-ARMM) registered seven (7) firms in the 1st Semester of 2014 with total investment value of Php 2.52 billion with a phenomenal growth of 72% against last year's  P1.463 billion. This is the first time that ARMM investments reached this amount and is expected to grow by Php 3 billion by end of this year. At present, some investment projects are now in the pipeline of RBOI, undergoing evaluation.

ARMM Investment Of P1.621-B In First Semester Of 2014 Tops Last Year

COTABATO CITY. May 23, 2014. The Regional Board of Investments of the Autonomous Region in Muslim Mindanao (RBOI-ARMM) exceeded last year’s (2013) overall registered investments of Php1.463 billion by posting this 2014 first semester a total of Php 1.621 billion.

This is after RBOI approved Agumil Philippines, Inc.’s registration of Oil Palm Kernel Crushing Plant in Buluan, Maguindanao with a project cost of Php170 million.

Agumil has added to the P1.451 billion investment generated during the first quarter of this year namely, Lamsan Power Corporation’s Php 921.56 million biomass renewable energy investment, SR Languyan Mining Corporation’s Php 520 million nickel ore mining project, and ABSCOR Multi-Trading Company’s Php 10 million import and export trading business.

Agumil Philippines Inc., a Filipino-Malaysian company is registered with RBOI since 2006 and is engaged...

New Energy Investments In ARMM To Address High Price Woes - PNOY

DAVAO CITY,  February 17, 2014.  President Aquino in the recently held ARMM Summit on Local Governance and Development in this city announced in his speech before local chief executives that the surge in private sector investments in ARMM is a sign of increasing business confidence in the region.  He lauded in particular the investment in a nine-million liter capacity Oil Depot in Polloc Port in Maguindanao that he hoped would bring down high oil prices in Central Mindanao.

“Ayon po sa report mula kay Governor Mujiv Hataman, ang investments ninyo noong 2013, pumalo sa P1.46 billion. Mas mataas ito ng 157 percent kumpara sa P569 million na halaga ng investments noong 2012. Kabilang po sa pamumuhunang ito ay ang nine-million-liter oil depot sa Port of Polloc sa Maguindanao na inaasahan nating makakatulong sa pagbababa ng presyo ng langis sa Gitnang Mindanao.” said Aquino. (According to the report from Governor...