Saturday Feb, 22 2020 09:35:11 AM

Economic News

Catamco lauds Duterte for his visit and aid to quake victims

MLANG, North Cotabato - Provincial Governor Nancy Catamco today pushes for the continuing assessments of damaged and determining safer places for relocation to ensure public safety as part of the rebuilding efforts of her administration and sought Pres. Duterte's help.

Speaking to President Duterte, Catamco expressed her gratitude to the personal visit of the President who promised to extend help to quake victims and the rehabilitation program of the province.

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After a banner year in 2019, BARMM expects more investments in 2020

COTABATO CITY - The Bangsamoro region is set to become a major investment destination in the Philippines as the Regional Board of Investments (RBOI) of the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) recorded Php 4.1 billion worth of investments in 2019, almost two-fold (80 percent) higher as compared to last year’s Php 2.5 billion, according to the report presented by Shamera A. Abobakar, RBOI Senior Investment Specialist during a recent  RBOI year-end reporting and investment briefing held in Cotabato City.

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Sen. Go to initiate Senate probe on Maynilad, Manila Water contracts

DATU HOFFER, Maguindanao - The Philippine senate is spearheading an investigation in aid of legislation against what Pres. Duterte has described as contracts that were very disadvantageous to the government, Sen. Bong Go said.

Go, who was here for the opening of the country’s 53 Malasakit Center at Maguindanao provincial hospital, was referring to the contracts between the government and two giant water concessionaires – the Maynilad owned by business mogul Manny Pangilinan and the Ayala-led Manila Water.

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 P100-M abaca fiber processing plant to be established in BARMM

COTABATO CITY - A Php 100 million abaca fiber processing plant will be established at Brgy. Calilangan, Balabagan, Lanao del Sur after the Regional Board of Investments (RBOI), Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) approved the registration of Hong Kong Feng Seng Heritage Philippines Inc. (HK FSH).

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Agri and fisheries top industries in the proposed BARMM investments list

COTABATO CITY  -  Agriculture and Fisheries are top industries which the Bagnsamoro region can offer to investors both foreign and local investors given the region’s vast lands and rich water resources.

The statement was issued by Minister Abuamri Taddik of the Ministry of Trade, Investments and Tourism in the Bangsamoro Autonomous Region in Muslim Mindanao (MTIT-BARMM) during the first ever BARMM Investments Priorities Plan (IPP) public consultation held on October 14, 2019 in Cotabato City.

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P306 million worth pineapple packing plant up in Wao soon

LANAO DEL SUR --- An upcoming P306 million worth pineapple packing plant facility can boost the rise of this province from deadly conflicts instigated by Maute terrorists, officials said Tuesday.

The setting up of the facility in Wao town in the first district of Lanao del Sur is a tie-up between the Wao Development Corporation, or WDC, and the transnational fruit firm DOLE Philippines.

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BARMM approves P515-M modern corn production project

COTABATO CITY - A Php515 million modern corn plantation is set to be established at Brgy. Kabingi, Datu Saudi Ampatuan (DSA), Maguindanao.

This is after the Regional Board of Investments (RBOI), Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) approved the application of Maguindanao Corn Development (MCD) –DSA I Corporation, an agri-based company, to register with RBOI.

This is for MCD to avail of fiscal and non-fiscal incentives from the government under Executive Order 226, otherwise known as Omnibus Investment Code of 1987, as amended.

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BARMM approves P306-M pineapple investment project

COTABATO CITY - The Regional Board of Investments (RBOI)-Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) recently approved the registration of Wao Development Corporation (WDC) to establish a new  pineapple packing plant located in the  Municipality of Wao, Lanao del Sur worth Php306 million.

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RBOI-BARMM execs visit Brunei embassy to promote investments

COTABATO CITY The Regional Board of Investments (RBOI), Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) represented by RBOI Governor, Mohamad Pasigan and Supervising Investments Specialist, Jun Macalawan met with Ambassador Extraordinary and Plenipotentiary of Brunei Darussalam to the Republic of the Philippines, Her Excellency Johariah Wahab for a courtesy meeting at the Embassy of Brunei Darussalam in Makati City on September 5, 2019.

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Kapa founder's wife faces P168-M tax evasion raps

MANILA -- The Bureau of Internal Revenue (BIR) on Thursday filed tax evasion charges before the Department of Justice (DOJ) against Reyna L. Apolinario, the corporate secretary of Kapa Community Ministry International Inc., (Kapa) and wife of its head, Pastor Joel Apolinario.

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Off duty cop fired at ambushers of Maguindanao prosecutor, saving official's life

COTABATO CITY — An unidentified police officer has helped save the life of a Maguindanao prosecutor who was ambushed in a housing subdivision here...

DENR-12, partners to celebrate SBPS Week 2020

GENERAL SANTOS CITY -  To celebrate Sarangani Bay Protected Seascape (SBPS) Week in March, the Department of Environment and Natural Resources,...

Maguindanao’s deputy provincial prosecutor, 2 companions wounded in ambush

COTABATO CITY  --- Gunmen wounded in an ambush here Friday Maguindanao Deputy Provincial Prosecutor Tocod Ronda and two companions.

The...

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Magnitude 5.4 quake jolts south-eastern Mindanao

KORONADAL CITY - A magnitude 5.4 quake jolted southeastern Mindanao on Thursday night, the Phivolcs has announced.

Tectonic in origin,...