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...
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...
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.
"We believe in the capacity of the people of ARMM. We ask for your full cooperation on this project," said Almario Dacuna, Land lease Manager of Del Monte Philippines.
During its launching yesterday, November 14 at DAS, Engr. Miguel Portuguez, Project Manager of the Banana Expansion Program said that the program will initially cover 550 hectares of land and another 500 hectares for its second phase.
Sakiran Hajan, chairman of the Regional Board of Investment gave assurance that security issues like extortion or kidnapping among the people involved in the program will not be a problem. "There will be...
Seven (7) top investors in ARMM received recognition from the Regional Board of Investments (RBOI-ARMM) during the agency's 21st Anniversary on May 17, 2012, acknowledging their great contributions in the socio-economic growth of ARMM through the creation of employment, providing income to families, generation of government revenues and helping improve the peace and order condition in the areas where these companies are located.
The awardees were Agumil Philippines, Inc., Alip River Development Export Corp (ARDEXCOR), Philippine Trade Center, Inc., Mt. Kalatungan Agri-Ventures, Inc., Wao Development Corporation, Matling Industrial and Commercial Corporation and La Frutera, Inc.
The occasion bearing the theme "RBOI: 21 Years of Service Towards Sustainable Investments in ARMM" commemorated the creation of the agency pursuant to the signing of the Executive Order No. 458 on May 17, 1991 by former...