News

ARMM SEEKS TO ATTRACT MORE FINANCING INSTITUTIONS Islamic Bank And Non-bank Financial Institutions Prioritized

 

COTABATO CITY, March 16, 2015. Due to the increasing interest in the Autonomous Region in Muslim Mindanao (ARMM) and the prospective Bangsamoro political entity by bank and non-bank financial institutions to provide financial services to foreign and local investors in the region, the Regional Board of Investments (RBOI) is studying the grant of fiscal incentives to bank and non- bank financial institutions that locate their place of business in the ARMM in order to finance investment projects in the region.

The past two years 2013 and 2014 the ARMM has enjoyed record-breaking investments of P1.4-B and P3.8-B, respectively. This year the RBOI has already exceeded its official target for investments in 2015 of P700 million with the entry of two investment projects totaling P863 million in the first quarter alone.

The ASEAN economic integration slated to be implemented this year...

ARMM Registers P863 M Investments In 1st Quarter Of 2015

 

COTABATO CITY, February 27, 2015  -  A total of P863 Million worth of  projects were approved by the Regional Board of Investments - ARMM during its Joint Board and ManCom Meeting on February  20, 2015 in Davao City.   The projects approved for RBOI registration were Tawi-Tawian Petroleum Trading Corporation and Chan C Mining Incorporated. Both companies based in Panglima Sugala, Tawi-Tawi are expected to provide 553 employment opportunities to residents of the area.

Tawi-Tawian Petroleum Trading Corporation is into importation and distribution of petroleum products with a project cost of P121.25 million generating 56 jobs. The company will operate at Barangay Garing Baunoh where the 3 oil tanks depots are currently being constructed with a capacity of 7.6 million liters per annum.  It is expected that the whole province of Tawi-Tawi will soon enjoy...

ARMM INVESTMENTS UP DESPITE MAMASAPANO CLASH

 

P863-M investments show business confidence intact after the Mamasapano incident COTABATO CITY. February 5, 2015. Investors in the Autonomous Region in Muslim Mindanao (ARMM) are unfazed by the recent Mamasapano incident that is seen to have imperiled the Mindanao peace process.

The ARMM Regional Board of Investments (RBOI) announced today that its Management Committee (MANCOM) has cleared of technical and procedural hurdles two investment projects worth a combined P863.05 million for final approval of their registration by its Board of Governors. The MANCOM endorsement means that the said investment projects will now proceed for deliberations and final decision by the Board of Governors of the RBOI. The Board of Governors of RBOI has already scheduled its next formal meeting before the end of the month for the registration of the said investment projects.

The first project...

More ARMM Investments Seen In 2015

JANUARY 6, 2015, COTABATO CITY. About P1 billion or more worth of investment is expected to pour in the ARMM this 2015. These projects are into biomass power generation, mining, oil depot in  Tawi-Tawi,  and agriculture related projects such as banana, oil palm and buckweat plantations. These are fresh investments from foreign, local investors and existing firms in the region with expansion plans.
 
Lawyer, Ishak V.  Mastura, Chairman of the Regional Board of Investments (RBOI-ARMM) is optimistic that the agency will meet its target in 2015 which is to register a total of P700 million worth of investments in the region.
 
Atty. Mastura further said that aside from the continuous effort of the national government to pursue peace and development in Mindanao through the Bangsamoro Basic Law (BBL) and the reforms in governance by the Hataman Administration, the ARMM also posses’ major advantages as an emerging investment...

Unprecedented P3.867-B Investments In ARMM For Year 2014

Cotabato City, December 18, 2014. The Regional Board of Investments (RBOI) announced yesterday that they have registered an unprecedented P3.867 Billion investment in the Autonomous Region in Muslim Mindanao (ARMM).

The announcement was made after the RBOI approved yesterday in its board meeting the nickel-mining project of Pax Libera Mining, Inc. worth P495 million in Languyan, Tawi-Tawi. In accordance with the investment policy of the regional government, no income tax holiday or fiscal incentives were given by the RBOI to the mining company because it is engaged in an extractive industry and the regional government wants to avail of the full rents and revenue generating potential of such investments in the extractive industry.

There is no official policy welcoming or encouraging mining investments in ARMM and the mining investors have to get the full consent and social acceptability of the communities they operate in even before they are allowed to...