To promote and facilitate investments in the ARMM, the ARMM Regional Government (ARG) through the Regional Board of Investments (RBOI-ARMM) and the Mindanao Development Authority (MinDA) signed a Memorandum of Agreement (MOA) to build partnership on the Program "Investments Facilitation in Mindanao".
The signing was one of the highlights of the 1st ARMM ECONOMIC SUMMIT on March 27, 2012 at Alnor Convention Hall, Cotabato City. ARMM Regional Governor, Mujiv S. Hataman and MinDA Chair, Luwalhati Antonino were the key officials who inked the partnership agreement.
RBOI-ARMM will lead the implementation of the said Program in the region, while the Board of Investments (BOI)-Manila will assist the two agencies, MinDa and RBOI in carrying out the Program by providing technical and network support with prospective investors.
Said collaborative endeavor is aimed at undertaking three program components; first is the...
ARMM OIC-Regional Governor Mujiv S. Hataman hosted an Investor's Meeting organized by the Regional Board of Investments (RBOI-ARMM) with the executives of Del Monte Fresh Produce Inc. on February 21, 2012 at the ORG Conference Hall, Cotabato City to support the company's plan to develop 3,000 hectares of banana plantations worth $60 Million of investments of which the initial area is in the Municipality of Datu Abdullah Sangki (DAS), Maguindanao.
It is a defining moment for the Hataman administration to have Del Monte invests a multi-million dollar project in the region which is expected to generate 4,500 direct employment in ARMM.
Gov. Hataman expressed his full support of the project and directed RBOI being the lead agency in the promotion of investments in the ARMM to extend whatever assistance that Del Monte may need to facilitate the implementation of said business venture in the region.
The RBOI-ARMM organized a stakeholder's meeting on March 5, 2012 in Sta Clara, Lamitan City with Brain Trust Inc. (BTI) Chairman also Economic Consultant to ARG Mujiv S. Hataman, Mr. Cielito Habito and BTI President, Ms. Ela Antonio to discuss on investment opportunities in the Province of Basilan. Aside from RBOI-Chairman/Managing Head, Mr. Sakiran Hajan, representatives from other agencies also came in the meeting, namely from the Department of Trade and Industry (DTI), Department of Agrarian Reform (DAR), Department of Agriculture and Fisheries (DAF) , Sta. Clara Agrarian Reform Beneficiaries Integrated Development Cooperative (SCARBIDC) and Basilan Electric Cooperative (BASELCO).
One of the investment potentials identified was rubber which actually made the economy of Basilan dynamic. A total of 36,000 hectares of productive rubber farms existed in said Province. It was discussed during the meeting how to fully utilize rubber to its full economic potential...
Once again, the Philippine Investments Promotion Plan (PIPP) Technical Working Group where the RBOI-ARMM is an active member, convened on December 12, 2011 and this time, it was hosted by the Subic Bay Management Authority at the SBMA Board Room, Bldg. 229, Waterfront Road, Subic Bay Freeport Zone.
Hon. Roberto V. Garcia, Chairman and Administrator of SBMA welcomed the TWG Members, and called to order the meeting. He said that he is pleased to host the TWG meeting for its significance and timely collaboration work on investments promotion under the program PIPP, and that this is an opportune time for the country to lure huge projects from Chinese and Taiwanese investors especially in shipping and maritime due to the change in demographics in China as their labor cost is now high.
The Chairman also underscored that the...
COTABATO CITY, December 20, 2011. In its annual accomplishment report, the Regional Board of Investments of the Autonomous Region in Muslim Mindanao (RBOI-ARMM) reported that for the first time ARMM private investments exceeded the one-billion peso mark in 2011.
The value of investments registered with the RBOI from January 2011 to December 2011 is Php 1,656.24 billion. The P1.5 billion telecommunications project of EA Trilink Corp., a regional telecommunications company based in Marawi City with franchise from the ARMM Regional Assembly, was responsible for the single-biggest investment in the ARMM to date. Their project was registered in the second quarter of 2011.
During the third quarter of the year Matling Industrial and Commercial Corporation registered their P23.90 million project in Malabang, Lanao Del Sur for the modernization and expansion of their cassava starch factory by putting-up a biomass power plant.
In the last...