News

ARMM Rides On Oil Trade With Sabah Towards Bangsamoro

COTABATO CITY, January 7, 2014 Gas prices in Central Mindanao have gone up in the past weeks up to P60/liter of premium gasoline. However, help is on the way for consumers in Central Mindanao.

Just last month, the Regional Board of Investments of the Autonomous Region in Muslim Mindanao (RBOI-ARMM) registered the investment project of oil importing and trading firm, Iron Blaze Petroleum, Inc., (Iron Blaze) in a planned 9 million liter capacity oil depot and storage facility in Polloc Port in Parang, Maguindanao, one of two component provinces of ARMM located in Central Mindanao.

The oil depot project is worth at least P90 million to be built in a phased and gradual manner in the coming years.

Polloc Port is the premier port of entry and gateway of the ARMM and is currently in the process of being converted into a functional Free Port after Barangay Polloc was declared in 2010 by the ARMM regional governor as a Special Economic Zone,...

2014: PEACE TO BRING MORE INVESTMENTS IN ARMM

COTABATO CITY, January 2, 2014 – The year 2013 has just finished with a resounding investment boom in the Autonomous Region in Muslim Mindanao (ARMM) with a record of P1.463 billion registered with its Regional Board of Investments (RBOI).

This year 2014 is set to repeat the achievement of 2013 in bringing more than P1 billion investments to ARMM. Indeed, investment prospects in ARMM are set to take-off in 2014.

According to RBOI chief Ishak Mastura, while four firms registered with the RBOI in 2013, he foresees at least eight or more firms registering with RBOI to avail of fiscal and non-fiscal incentives for their investments.

Although, this rate of registration of firms with RBOI is still very far from what the BOI in Manila experiences in any given year, for ARMM it is already a veritable rush of registration of investments by the firms in the region.

There seems to be a trend for enterprises in...

ARMM Investments Hit P1B In 2013

The Regional Board of Investments of the Autonomous Region in Muslim Mindanao (RBOI-ARMM) recorded investments totaling P1.463 billion for the year 2013, higher by 157% compared to last year's P569 million worth of investments.

This is the second time that the agency hit the P1 billion mark; the first was in 2011. Both times were during the tenure of lawyer, Ishak V. Mastura, as Chairman and Managing Head of RBOI.

One of the factors attributed by the RBOI to the increase in investments is the signing of the "Framework Agreement on the Bangsamoro" between the Philippine Government and Moro Islamic Liberation Front on October 15, 2012. Investors were encouraged to do business in the region due to the perceived stability that the peace agreement will bring about.

Likewise, the active involvement of ARMM Regional Governor Mujiv S. Hataman as the region's chief or lead investment...

ARMM Registers P390 Million Investments In 3rd Quarter

Davao City- The Regional Board of Investments (RBOI) of the Autonomous Region in Muslim Mindanao (ARMM) provisionally approved the registration of investments from two big companies, La Frutera, Inc. and Iron Blaze Petroleum, Inc. in a Joint Board of Governors and Management Committee Meeting (ManCom) held in Davao City on September 29, 2013. The investments have a total value of P390 million which will generate about 500 jobs.

Atty. Ishak V. Mastura, RBOI Chairman/Managing Head, together with the members of the Board of Governors, Muctar C. Muarip and Ricardo Gregorio T. Santos and the members of the ManCom deliberated on the documents submitted by the two companies in the said meeting. After careful evaluation, the group provisionally approved their registration considering the social impact of these projects in terms of employment and capital inflow to the region's economy.

The investors will have to comply with the...

Firm Invests P365M Housing Project In ARMM

A total of P365 million has been invested in the Autonomous Region in Muslim Mindanao (ARMM) by the Bumbaran Development Corporation (BDC), a real property developer.

BDC is involved in a mass housing project intended for the members of the Armed Forces of the Philippines (AFP) and the Philippine National Police (PNP).

ARMM Regional Governor Mujiv S. Hataman, together with Regional Board of Investments (RBOI) Chairman and Managing Head, Sakiran A. Hajan awarded the RBOI Certificate of Registration to BDC on March 27, 2013. The certificate was received by Housing Consultant Francis Borromeo in behalf of the BDC President Brigido Simon.

A total of 1,500 housing units are now being built at Barangay Sarmiento, Parang, Maguindanao.

Aside from providing affordable houses to our uniformed men, Hajan added that about 750 jobs are generated out of this housing project covering 147 hectares.

Hajan...