ARMM to draw in more than P1B investments in 2015
Cotabato City (15 January 2015) – The Autonomous Region in Muslim Mindanao (ARMM) is expecting to draw in more P1 billion total investments this year.
Ishak Mastura, chairman and managing head of the Regional Board of Investments (RBOI) – ARMM, said the increasing trend in investment in the region is attributable to the favorable outcome of the peace process between the Philippine government and the Moro Islamic Liberation Front (MILF).
Oil depot, mining, biomass power generation, and agriculture related products such as banana, oil palm products and buckwheat plantations are the major investments expected to come into the region this 2015, mostly coming from local business players.
Mastura said that peace and security is the first major reason why investors are encouraged to invest in ARMM.
“The peace process sends the positive message that we are on the mend; that we are on (our way) towards stability that will allow investments to be sustained,” he said.
He also said that the good governance manifested by the working government of ARMM is another reason why the region ARMM became “investor-friendly”.
ARMM, according to him, is now proactive in marketing the region and catering to the needs of prospective investors.
Mastura is optimistic that the transition to the new political entity will serve as gateway to even more investors into the region in the years ahead. (Bureau of Public Information)