P863-M investments show business confidence intact after the Mamasapano incident COTABATO CITY. February 5, 2015. Investors in the Autonomous Region in Muslim Mindanao (ARMM) are unfazed by the recent Mamasapano incident that is seen to have imperiled the Mindanao peace process.
The ARMM Regional Board of Investments (RBOI) announced today that its Management Committee (MANCOM) has cleared of technical and procedural hurdles two investment projects worth a combined P863.05 million for final approval of their registration by its Board of Governors. The MANCOM endorsement means that the said investment projects will now proceed for deliberations and final decision by the Board of Governors of the RBOI. The Board of Governors of RBOI has already scheduled its next formal meeting before the end of the month for the registration of the said investment projects.
The first project...
JANUARY 6, 2015, COTABATO CITY. About P1 billion or more worth of investment is expected to pour in the ARMM this 2015. These projects are into biomass power generation, mining, oil depot in Tawi-Tawi, and agriculture related projects such as banana, oil palm and buckweat plantations. These are fresh investments from foreign, local investors and existing firms in the region with expansion plans.
Lawyer, Ishak V. Mastura, Chairman of the Regional Board of Investments (RBOI-ARMM) is optimistic that the agency will meet its target in 2015 which is to register a total of P700 million worth of investments in the region.
Atty. Mastura further said that aside from the continuous effort of the national government to pursue peace and development in Mindanao through the Bangsamoro Basic Law (BBL) and the reforms in governance by the Hataman Administration, the ARMM also posses’ major advantages as an emerging investment...
Cotabato City, December 18, 2014. The Regional Board of Investments (RBOI) announced yesterday that they have registered an unprecedented P3.867 Billion investment in the Autonomous Region in Muslim Mindanao (ARMM).
The announcement was made after the RBOI approved yesterday in its board meeting the nickel-mining project of Pax Libera Mining, Inc. worth P495 million in Languyan, Tawi-Tawi. In accordance with the investment policy of the regional government, no income tax holiday or fiscal incentives were given by the RBOI to the mining company because it is engaged in an extractive industry and the regional government wants to avail of the full rents and revenue generating potential of such investments in the extractive industry.
There is no official policy welcoming or encouraging mining investments in ARMM and the mining investors have to get the full consent and social acceptability of the communities they operate in even before they are allowed to...
Cotabato City (December 2, 2014). ARMM Regional Governor, Mujiv S. Hataman delivered his second State of the Region Address (SORA) yesterday. One of the highlights of his probably last SORA was that his Administration has achieved accumulated P5Billion investments from the time he was OIC in 2012, his election in 2013 up until today.
Hataman attributed the dramatic increase in investments to the cumulative positive effects of the peace process and the ARMM reforms on governance, thanking in particular RBOI chairman and managing head, lawyer Ishak V. Mastura for the remarkable turnaround of investments in the region.
RBOI also recorded a total of 5,753 jobs created from 2012 to 2014. Here is a summary report from RBOI.
Number of Registered Firms, Value of Investments Generated, and Jobs Created from CY 2012, 2013, Jan-Nov 2014 (during Hataman...
COTABATO CITY. November 19, 2014. The Autonomous Region in Muslim Mindanao (ARMM) considered the poorest region in the country is hoping that a program on entrepreneurship can spur more economic activity in the region.
Regional Board of Investments (RBOI) chairman, lawyer Ishak Mastura, who also heads the ARMM cabinet cluster on economic growth and linkages announced the program to develop entrepreneurship in the region after attending and representing the country at the United Nations Industrial Development Organization (UNIDO) conference dubbed "Fostering Entrepreneurial Youth" in Vienna, Austria on November 11-13. More than 50 countries were represented at the conference, particularly countries