News

ARMM Ports And Airports Now Among Priority BIMP-EAGA Projects

Select ARMM ports and airports have been included for the first time in the project list of the Philippines for the BIMP-EAGA Vision 2025 (BEV 2025).
 
Mindanao Development Authority (MinDA) as head of the secretariat of the Philippine contingent to the BIMP-EAGA planning meeting on January 31 to February 3, 2017 in Jakarta, Indonesia invited the ARMM to participate in the meeting. 
 
ARMM’s participation took place after a long hiatus from the BIMP-EAGA scene.
 
This is due to the efforts of MinDA chair, Secretary Abul Khayr Alonto, who made sure that ARMM is part of the Duterte administration’s renewed efforts to push the BIMP-EAGA agenda for economic...

ARMM Opens Cross-border Trade With BIMP-EAGA

 
Responding to the announcement by the Mindanao Development Authority (MinDA) that cross-border trade with Sabah, Malaysia will be resumed starting February 1, 2017, the Autonomous Region in Muslim Mindanao (ARMM) is sending a delegation to the 2017 Brunei-Indonesia-Malaysia-Philippines East ASEAN Growth Area (BIMP-EAGA) Strategic Planning Meeting in Jakarta, Indonesia from January 30-February 3, 2017 as part of its commitment to the Philippine contingent to reciprocate by agreeing to open cross-border trade between ARMM and all BIMP-EAGA countries.  
 
Malaysia suspended since last year cross-border trade between Sabah and ARMM’s island provinces due to security concerns in the Sulu Sea wherein piracy and kidnap for ransom activities proliferated. But as security measures have been improving,...

ARMM Embarks On BRIDGe Project To Sustain Business Enterprises

The Autonomous Region in Muslim Mindanao (ARMM) Regional Government is embarking on a Project “Brokering Business Investments in the Bangsamoro to achieve Inclusive Development and Growth” (BRIDGe) that aims to facilitate the development of the Bangsamoro-specific business investment standards and protocols that will empower both the communities and businesses to engage into sustainable business enterprises.
 
The Philippine Business for Social Progress (PBSP) and Hineleban Foundation in collaboration with the ARMM-Regional Board of Investments will be implementing the BRIDGe Project which is being funded by the Australian Government – Department of Foreign Affairs and Trade (DFAT).
 
The formal partnership among the players of the project will be sealed...

ARMM Welcomes $40-M Japan-funded Agribusiness Lending Facility

 
The Regional Board of Investments of the Autonomous Region in Muslim Mindanao (RBOI-ARMM) welcomed the recent news that the Harnessing Agribusiness Opportunities through Robust and Vibrant Entrepreneurship Supportive of Peaceful Transformation (HARVEST) project hurdled the Investment Coordination Committee (ICC) of the National Economic Development Authority. HARVEST is supposed to be a lending facility for agribusiness and agribusiness-related investors in the ARMM to be managed by the Land Bank. 
 
“For the HARVEST, we’ve gone through with the ICC Cabinet. It passed shortly before the New Year,” NEDA Deputy Director-General for Investment Programming Rolando G. Tungpalan said in a phone interview with the Business World.
 

Investments In ARMM Beat 2016 Target

 
The Regional Board of Investments (RBOI) –Autonomous Region in Muslim Mindanao (ARMM) still managed to hit by 235% its investment target of 900 million for the year. This happened despite uncertainties in 2016 brought about by the synchronized national and local elections and the rise in armed violence by criminal and insurgent gangs in the region and some parts of Mindanao.
 
In a statement made by lawyer Ishak V. Mastura, Chairman of RBOI,  he said that this 2016, RBOI has registered total investments of P2.11 billion  due to the approval of the P1.3 billion  palm oil plantation development project of the Gintong Agri Corporation and  the 8MW diesel power plant project of Kaltimex Rural Energy Corporation worth P811 million. “Since 2013 to the present, the...