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...