News

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...

ARMM Regional Conference On Industry Roadmaps And The AEC Gameplan: Roadmaps Localization For

BOI capacitates ARMM to craft regional industry roadmaps, challenges stakeholders to transform region into a modern agribusiness economy
 
Cotabato City, Autonomous Region in Muslim Mindanao (ARMM)—The Board of Investments (BOI), the industry development and investments promotion arm of the Department of Trade & Industry (DTI), together with the DTI and BOI ARMM, is capacitating the region’s various industry players, businesses, local government units and government agencies, and concerned stakeholders in a regional conference today (December 13, 2016)
in crafting their localized version of national industry roadmaps to achieve further growth and competitiveness.
 
Dubbed as “Industry Roadmaps and the AEC...

ARMM Investment Priorities Plan (IPP) Ready By Year End

(November 29, 2016.Cotabato City). The Regional Board of Investments (RBOI) of the Autonomous Region in Muslim Mindanao (ARMM) is now on the process of drafting the latest Investment Priorities Plan (IPP) or the 2017-2019 ARMM List. ARMM IPP enumerates the economic activities the ARMM government should incentivized to meet regional development goals.
 
Lawyer, Ishak V. Mastura, Chairman and Managing Head of RBOI said that before finalizing the ARMM list, series of IPP consultations are conducted region wide. “IPP consultations were organized as early as mid of last year when we started the review in Lamitan, Basilan Province. Multi-sector groups that were already consulted other than Basilan were from Cotabato City, Parang,  and Upi Maguindanao, the latest in Tawi-Tawi and next will be in Marawi City, Lanao del Sur. We target to...

ARMM Hopes To Revitalize Sabah Cross-border Trade In BIMP-EAGA Summit

(Cotabato City, November 25, 2016). The ARMM economic growth and linkage regional cabinet cluster through its head, Regional Board of Investments chairman Ishak Mastura, announced its plan to send a delegation to the upcoming Brunei-Indonesia-Malaysia-Philippines East ASEAN Growth Area Summit (BIMP-EAGA) next week in Puerto Princesa, Palawan to push for a revitalized Sabah cross-border trade with the island provinces of ARMM, namely, Basilan, Sulu and Tawi-Tawi.  
 
The announcement was made at the sidelines of the ARMM's year-end Strategic Visioning and Planning Workshop.
 
In the preceding months of the year, ARMM's cross-border trade with Sabah significantly lessened after the string of Abu Sayyaf-related kidnappings and piracy in the Sulu Sea that prompted...