(Cotabato City. June 21, 2017 ). The Regional Board of Investments (RBOI) of the Autonomous Region in Muslim Mindanao (ARMM) recently conducted the Investment Priorities Plan (IPP) Roadshow for Maguindanao held in Tacurong City. This is the second leg of a series of region wide IPP roadshows aimed to inform the public particularly investors the salient features and implementing guidelines of the newly approved 2017 IPP.
Lawyer, Ishak Mastura, Chairman of RBOI explained that despite the on-going siege in Marawi City due to the conflict between the terrorist Maute group and government forces leaving around 235,580 and still increasing number of internally displaced persons (IDPs), the ARMM through RBOI is open for business.
According to Mastura, there are other major areas in the region that are potential for investment projects other than Marawi City. “Investors in the region are welcome anytime to visit ARMM. Our office will continue to assist those who are potential or would be investors, and those already here who have succeeded in their business ventures. RBOI continues to provide information services, technical assistance, after care services, and facilitate the registration of investors for them to enjoy fiscal and non-fiscal incentives”, Mastura further said.
“ARMM is top cassava starch processor in the Philippines. About 70% of the nation’s seaweed productions come from ARMM. Banana plantations in the region are the most profitable in the country. We also have the lowest daily minimum wage. Our lands are fertile and still most of the areas are peaceful. We believe we have a lot to offer to our investors”, Mastura further said.
Maguindanao Province Board Member, Datu King Jazzer T. Mangudadatu, mentioned during the event that the provincial government is promoting the growth of the Halal Industry considering its predominantly Muslim populace as a huge market. Halal Industry is listed in the approved 2017 ARMM IPP; this is to provide policy support to develop the industry.
Maguindanao Province is the top investment destination in ARMM which generated total investments of Php 10.323 billion or 71% of the total RBOI approved investments from 2012-2016. Tawi-Tawi ranked second with P4.06 billion, Lanao del Sur came third with total value registered of Php 194 million, Basilan registered Php 10 million while Sulu has no registration from 2012-2016.
SOURCE: ( RBOI )
June 22, 2017 @ 15:43