Feb 7, 2019
(Cotabato City, February 7, 2019), The newly ratified Bangsamoro Organic Law (BOL) is up for a good start after a Php1.4 billion sand and gravel project was approved by the Regional Board of Investments (RBOI) following the registration of JMI Sand & Gravel and Truck Services Corporation.
This is the very first project approved after the ratification of the BOL this January and perhaps the biggest this year. The BOL provides the legal framework to replace ARMM and establish a new political entity, the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM).
JMI Corp with business address at Brgy. Gang, Sultan Kudarat, Maguindanao, is a DENR accredited supplier of sand and gravel supplying Southwest Mindanao including Basilan, Sulu and Tawi-Tawi. JMI is engaged in a Joint Venture Agreement (JVA) with CCIL Mining and...
Jan 16, 2019
(Cotabato City, January 16, 2018). The Regional Board of Investments (RBOI) has offered fiscal incentives to the planned Cavendish banana plantation in the former Camp Abubakar that used to be the headquarters of the Moro Islamic Liberation Front (MILF).
Russian investors led by French-Russian Robert Gaspar, accompanied by Agriculture Secretary Emmanuel Piñol, inspected the proposed investment area in Barangay Oring, Buldon, Maguindanao on Monday and identified 5,000 hectares suitable for midland bananas and 2,000 hectares for highland bananas.
MILF Central Committee member Edward Guerra and former Buldon Vice Mayor Hadji Nasruddin Maluag welcomed them.
Under the Investment Priorities Plan of the government, agricultural investments are entitled to fiscal incentives such as 4 to 6 years income tax holiday, reduced duty importation of capital equipment, exemption from wharfage dues for...
Dec 21, 2018
(Cotabato City. December 21, 2018). Moro Islamic Liberation Front (MILF) Chairman Al Hajj Murad Ebrahim in a message read by Architect Edward Guerra, Co-Chairman of GPH-MILF Joint Normalization Committee lauded the concept of “inclusive business model” during the Tuesday launching of the Business Sustainability Framework in the Bangsamoro (BSFB) in Cotabato City.
Ebrahim said that the inclusive business model is the one best suited for the region where poverty incidence is 48%, the highest in the country. The inclusive business model, while for profit, benefits the poor. It attends to higher calling of benefiting low income communities, not through charitable acts but through the inclusion of the poor in the business operations providing them livelihood that will build a dignified society.
Dec 20, 2018
(Cotabato City, December 20, 2018), In his Ulat sa Bayan this city, ARMM Regional Governor Mujiv Hataman reported that the Regional Board of Investments (RBOI) registered cumulative investments of P20-B and 15,000 employment in its terminal year, 2018.
Hataman reckoned the investment data of the region from his assumption as Regional Governor in 2012 to date 2018, which is the final year of existence of the ARMM, if the Bangsamoro Organic Law is approved in the plebiscite on January 21 next year.
Lawyer, Ishak Mastura, chairman and managing head of the RBOI, said that the years of cumulative growth in investments of at least P1-B a year in the region coincided with the trajectory of more stability brought about by the success...
Dec 14, 2018
(Cotabato City. December 14, 2018) The Regional Board of Investments (RBOI) in the Autonomous Region in Muslim Mindanao (ARMM) recently approved the application of Sulu Food and Beverage Corporation (SFBC) to registerwith the agency their food and beverages manufacturing project worth Php8million in Indanan, Sulu.
The investment is backed by Destileria Limtuaco, one of the oldest food and beverage companies in the country, established 166 years ago.
It is the first time that Sulu received an outside investment and the first outside investment to be registered in Sulu by the RBOI. Initially, the Board of Investments in Manila referred the investor to the RBOI.
According to RBOI chair and managing head, lawyer Ishak Mastura, this is an investment milestone for the country because Sulu, as one of the most...