News

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...

Hataman Administration Achieves Cumulative P5-B In Investments

Cotabato City (December 2, 2014). ARMM Regional Governor, Mujiv S. Hataman delivered his second State of the Region Address (SORA) yesterday. One of the highlights of his probably last SORA was that his Administration has achieved accumulated P5Billion investments   from the time he was OIC in 2012, his election in 2013 up until today.   

Hataman attributed the dramatic increase in investments to the cumulative positive effects of the peace process and the ARMM reforms on governance, thanking in particular RBOI chairman and managing head, lawyer Ishak V. Mastura for the remarkable turnaround of investments in the region.

RBOI also recorded a total of 5,753 jobs created from   2012 to 2014. Here is a summary report from RBOI.  

Number of Registered Firms, Value of Investments Generated, and Jobs Created from CY 2012, 2013, Jan-Nov 2014 (during  Hataman...

ARMM Explores Entrepreneurship Program To Spur Bangsamoro Economy

COTABATO CITY. November 19, 2014. The Autonomous Region in Muslim Mindanao (ARMM) considered the poorest region in the country is hoping that a program on entrepreneurship can spur more economic activity in the region.
 
Regional Board of Investments (RBOI) chairman, lawyer Ishak Mastura, who also heads the ARMM cabinet cluster on economic growth and linkages announced the program to develop entrepreneurship in the region after attending and representing the country at the United Nations Industrial Development Organization (UNIDO) conference dubbed "Fostering Entrepreneurial Youth" in Vienna, Austria on November 11-13. More than 50 countries were represented at the conference, particularly countries

P-NOY Lauds ARMM For Record P3.3-B In Investments

Davao City. November 6, 2014.  President Aquino in his speech at the Philippine Development Forum on the Bangsamoro said that the record breaking and all-time high investments in the ARMM amounting to P3.3-B this year is part of the early gains of overall peace process in Mindanao. In particular, the government's landmark peace agreement with the Moro Islamic Liberation Front, brought about stability and a good climate for investments in the ARMM.  He said in his speech that:

"The early impact of our efforts at peace, stability, and fostering a good business climate, has been near instant. Just look at ARMM. In just the first nine months of 2014, they registered a yearly all-time high of P3.37 billion in investments. This is more than double the P1.46 billion in investments recorded in 2013, and almost six times the P569 million in investments ARMM received in 2012. ARMM’s GDP has...