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MAP Commits Support To ARMM's Investment Drive

MAP commits support to ARMM's investment drive

Cotabato City (May 22, 2017) – The Management Association of the Philippines (MAP) has expressed support in promoting the Autonomous Region in Muslim Mindanao (ARMM) as an investment destination.

In a manifesto signed by its top officials on Monday (May 22), the MAP urged its members and its various committees to integrate action plans in coordination with the ARMM’s Regional Board of Investment (RBOI-ARMM) to achieve this objective.

ARMM Approves P33.5 M Shipping Project

The Regional Board of Investments (RBOI) in the Autonomous Region in Muslim Mindanao (ARMM) recently approved  the registration of J. SAYANG SHIPPING LINES, INC.  The company based in Bongao, Tawi-Tawi is providing shipping services for traders in Tawi-Tawi  through a 494 metric tons (MT) capacity  general cargo vessel to ply the route from the ports of Basilan, Jolo, Tawi-Tawi and Polloc, Maguindanao going  to Malaysia and other member countries of the Association of Southeast Asian Nations (ASEAN).
 
The P33.5 million cargo transport project will directly create 23 jobs. The project will aid local traders since there will be easy transport facilitation of their cargoes consist of goods for market distribution or products ready for selling. The traders are engaged into exporting of agricultural and marine products to Malaysia,...

ARMM Starts Regional Investment Road Shows

The Regional Board of Investments (RBOI) of the Autonomous Region in Muslim Mindanao (ARMM) organized yesterday its first Investment Priorities Plan (IPP) Regional Roadshow in Cotabato City for the year 2017. The Plan is focused on the theme “Scaling Up and Dispersing Opportunities” which will serve as the blueprint in guiding investors in matching their business capacities with the opportunities identified in the IPP to steer economic growth.
 
Other IPP road shows will be scheduled in some key areas of the region such as  Maguindanao, Marawi City, Lanao del Sur, Basilan and Tawi-Tawi. This is to fully cover the whole region and bring investment concerns and services to the public especially to investors.
 
Lawyer, Ishak Mastura, Chairman of RBOI...

Banks To Get Incentives To Invest In ARMM

The Regional Board of Investments (RBOI) in the Autonomous Region in Muslim Mindanao (ARMM) will be granting incentives to banks and non-bank financing institutions and facilities to include Islamic banking and finance. The expanded ARMM Organic Act (Republic Act No. 9054) allows ARMM to give incentives to banks and other non-bank financial institutions that are based or have its principal base of business in ARMM.

Incentivizing this sector could encourage conventional banks, other financial institutions like Islamic financing to set-up their business operations in the region and may address the problem of ARMM being severely underserviced by the financial sector.  According to BSP, only 20 banks are operating in the region and about 93% of the region’s municipalities do not have banking presence representing the highest percentage of unbanked regions in the country.

Lawyer, Ishak Mastura, Chairman of RBOI...

ARMM Approves P32 Million Cold Storage And Fish Processing Investment In Tawi-Tawi

The Regional Board of Investments (RBOI) in the Autonomous Region in Muslim Mindanao (ARMM) approved today the application for registration of Abing Seafoods and Cold Storage (ASCS). The company based  in Bongao, Tawi-Tawi  will engage in a Php 32 million marine resource business. The ASCS  is into responsible and rational buy and sale of various commercially important fishery resources in Tawi-Tawi for local and international markets.
 
The company will also be into processing which includes packing and cold storage operation for fresh, ice-chilled and   frozen  fishery products.  Marine export goods will be shipped to clients in China, Singapore and Hongkong who will rely on Abing as their source of   raw materials. Abing’ s fishery export products  will be showcased into various dishes in the homes, restaurants and hotels in these countries.
 
The...