RBOI-ARMM projects more investments this year
Cotabato City (January 10, 2018) – The Regional Board of Investments (RBOI) of the Autonomous Region in Muslim Mindanao (ARMM) is projecting higher investment figures for the region this year. Larzon G. Santos, RBOI chief investment specialist, said the agency is set to approve up to P1 billion worth of new projects in the first quarter of the year.
Santos said some of the investors have signified interest in setting up projects that would assist the government’s rehabilitation program for Marawi City. The ARMM government is also exerting efforts to convince private investors who could become partners in rebuilding the country’s only Islamic city.
Last year, RBOI posted P3.2 billion worth of investments led by TierOne Communications International, Inc. TierOne’s project would provide cellular services, broadband connectivity, wireless internet, and public WiFi in the region. The company also offered its service facilities to help in Marawi’s reconstruction.
RBOI officials said the agency is committed to assist in the rehabilitation of Marawi and has organized a site visit for investors on Thursday, January 11, in Lanao del Sur, particularly in the periphery of Marawi City.
“Malaki ang epekto ng gulo sa investments dito sa ARMM lalo na sa Marawi. Alam naman natin na ang mga investors, kapag may na-detect na gulo sa isang area, they just shy away,” Santos said. “Pero may ibang investors din na tinitignan nila kung possible na mag-penetrate kahit papano sa isang area kahit na may conflict, tinitignan din kung pano nila matulungan din ang mga tao na nawalan ng trabaho.”
“Ang ating mga lead investors nasa agriculture. So tinitignan natin kung paano mag ma-match since ang Lanao del Sur ay isang agricultural area. We intend to focus more on Marawi City. After the infrastructure, naghahanda din tayo sa economic side,” Santos added.
The list of proposed projects subject for RBOI’s approval includes: cacao plantations, pineapple plantations, banana plantations, and palm oil refinery. The applications for these projects are now being processed. (Bureau of Public Information)