Wednesday Aug, 05 2020 01:30:21 AM

Economic News

ARMM readies standards, protocols for Bangsamoro investors

COTABATO CITY -- Investment officials of the autonomous Region in Muslim Mindanao (ARMM) are preparing business investment standards and protocols for the Bangsamoro specific investments.Lawyer Ishak Mastura, ARMM Regional Board of Investments (RBOI) chairperson, said ARMM is embarking on a Project Brokering Business Investments in the Bangsamoro to achieve Inclusive Development and Growth (BRIDGe)aimed at developing aBangsamoro-specific business investment standards and protocols that will empower both the communities and businesses to engage into sustainable business enterprises.

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CLPC now PH distribution code compliant, assures reliable power supply, quality services

COTABATO CITY
– Power consumers in Cotabato City and nearby municipalities are assured of
ample and reliable power supply with quality services after Cotabato Light and
Power Company (CLPC) successfully passed the Philippine Distribution Code
Compliance Assessment recently conducted by the Distribution Management
Committee (DMC), officials said today.

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Bayan Munaand No need for additional taxes, just effectively collect current taxes

MANILA - Bayan Muna Rep. Carlos Isagani Zarate today said that the proposed taxes floated by the Department of Finance (DOF) and some members of Congress will only become added burden to Filipino consumers, particularly the poor, and should be opposed.Among the revenue measures recently floated by the DOF and some members of Congress are the excise taxes on oil products, taxes on vanity products, electronics, sugar, salt and even on the drug Viagra.

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ARMM welcomes $40-M Japan-funded agribusiness lending facility

COTABATO CITY -- The Regional Board of Investments of the Autonomous Region in Muslim Mindanao (RBOI-ARMM) welcomed the recent news that the Harnessing Agribusiness Opportunities through Robust and Vibrant Entrepreneurship Supportive of Peaceful Transformation (HARVEST) project hurdled the Investment Coordination Committee (ICC) of the National Economic Development Authority.HARVEST is supposed to be a lending facility for agribusiness and agribusiness-related investors in the ARMM to be managed by the Land Bank. For the HARVEST, we’ve gone through with the ICC Cabinet.

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Rapid economic growth in Basilan seen with new Lamitan port.

BASILAN --- Security officials are certain the completion of the P150 million worth seaport in the capital of this island province will hasten the restoration of normalcy in conflict-stricken communities.Chief Supt.

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Investments in ARMM beat 2016 target

COTABATO CITY - The Regional Board of Investments (RBOI) –Autonomous Region in Muslim Mindanao (ARMM) still managed to hit by 235% its investment target of 900 million for the year. This happened despite uncertainties in 2016 brought about by the synchronized national and local elections and the rise in armed violence by criminal and insurgent gangs in the region and some parts of Mindanao. In a statement made by lawyer Ishak V.

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BOI capacitates ARMM to craft regional industry roadmaps,

COTABATO CITY — The Board of Investments (BOI), the industry development and investments promotion arm of the Department of Trade andamp Industry (DTI), together with theDTI and Regional Board of Investments in the Autonomous Region in Muslim Mindanao (RBOI ARMM), is capacitating the region’s various industry players, businesses, local government units and government agencies, and concerned stakeholders in a regional conference in crafting their localized version of national industry roadmaps to achieve further growth and competitiveness.

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DTI Central Mindanao business fair a big hit

GENERAL SANTOS CITY --- A four-day business fair here involving 70 micro small and medium industries (MSMEs) generated P13.5 million in sales, officials said Friday.The activity, dubbed 3rd treasures of SOCCSKSARGEN, was organized by the office of the Department of Trade in Region 12 and its branches in central Mindanao’s South Cotabato, Sultan Kudarat, North Cotabato and Sarangani provinces and in the cities of Kidapawan, Cotabato, Koronadal, Tacurong and General Santos.Leonard Flores of the industry development division of DTI-12 said Friday the proceeds of the trade expo were from P1 m

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ARMM plantations to supply more bananas to Japan

COTABATO CITY – The Regional Board of Investments of the Autonomous Region in Muslim Mindanao (RBOI-ARMM) has confirmed that the region is gearing up for a new challenge and is in fact already a major source of Cavendish banana exports to Japan, particularly from Unifrutti Group Philippines.As reported by radio station DZMM, Filipino farmers in conflict-affected Central Mindanao, particularly Maguindanao, which is under ARMM, will supply Cavendish bananas to a Japanese supermarket chain under an agreement that will be signed during President Rodrigo Duterte’s trip to Tokyo this week, Agricu

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ARMM welcomes new investments on energy

COTABATO CITY - The Regional Board of Investments of the Autonomous Region in Muslim Mindanao (RBOI-ARMM) in a Joint Meeting of the Board of Governors’ and Management Committee (ManCom) approved yesterday the application of KALTIMEX Rural Energy Corporation (KREC) to register its energy project with RBOI to avail of fiscal and non-fiscal incentives being provided by the government. Kaltimex, a 99.99% Filipino and .01% Indian company will be setting up an 8MW capacity diesel power plant in Bongao, Tawi-Tawi worth P831 million generating 34 jobs.

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