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Economic News

BARMM's economy rises by 7.5% in 2021, sets record as 2nd fastest-growing region in PH

COTABATO CITY — Bangsamoro Autonomous Region in Muslim Mindanao's (BARMM) economic performance  increased by 7.5 percent in 2021 and recorded the second-fastest growth among all regions in the country, the Philippine Statistics Authority (PSA) announced in a news conference Thursday, April 28.
 

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BARMM holds Marawi Business Forum on Incentives Law 

COTABATO CITY - The Bangsamoro Board of Investments (RBOI-BARMM) in cooperation with the Bangon Marawi Chamber of Commerce and Industry (BMCCI) successfully conducted an “Investment Forum and Orientation on Corporate Recovery and Tax Incentives for Enterprises Act (CREATE)” as part of its efforts to promote Marawi City and the province of Lanao del Sur as an ideal investment destination in the BARMM on November 25, 2021 at Soti Gas Station commercial square in Marawi City. 

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Cotabato Light starts sending consumers' power bill via SMS, email

COTABATO CITY - The Cotabato Light and Power Company has started using eBillTxt to manage account bills with ease of its clients.

Consumers are advised to get Cotabato Light electric bills delivered straight to thier homes via SMS and email hassle-free. They are advised to just enroll to eBillTxt and manage your account bills with ease.

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SoCot town gets P100.3-M worth road project

KORONADAL CITY - The World Bank and the government are to jointly construct a P100.3 million worth concrete farm-to-market road connecting two barangays in Tampakan, South Cotabato.

The five-kilometer road project that would cut through rugged hinterlands shall link Barangays Lampitak and Albagan in Tampakan, ancestral homeland of the indigenous Blaan people, also home to Ilonggo settlers.

Local officials said Sunday the project involves the World Bank, the Department of Agriculture and the local government unit of Tampakan.

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BARMM MSMEs, consumers adopt digital transformation — MTIT

COTABATO CITY—Since the onset of the pandemic, the country, including the Bangsamoro region, has engaged widely in electronic or e-commerce such as online payment portals which allowed the micro, small and medium enterprises (MSMEs) and consumers to deliver and receive their products without the need to physically meet up.
 

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Creation of Bangsamoro Economic Zone Authority pushed

COTABATO CITY - A Member of the Bangsamoro Parliament has filed a bill that aims at promoting and accelerating economic development in the region through the creation of a regional ecozone agency. 

Former journalist and now Member of the Bangsamoro Transition Authority Amir Mawallil, filed Parliament Bill No. 129, otherwise known as the Bangsamoro Economic Zone Act of 2021 which seeks to create the Bangsamoro Economic Zone Authority or the BEZA. 

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Investment opportunities for highland farmers in BARMM held

COTABATO CITY—Business opportunities were presented to highland farmers in BARMM as they attended an investments forum on Tuesday, spearheaded by the regional Bangsamoro Board of Investments (BBOI).
 
In collaboration with Member of Parliament Suharto M. Ambolodto, the forum aimed to look for fair and inclusive investment opportunities to all farmers regardless of religion, groups, or tribes in the region.
 
Mostly, Teduray farmers from tri-municipalities of South Upi, North Upi and Datu Odin Sinsuat, Maguindanao, attended the forum.
 

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Registered local companies to invest almost P2B in BARMM

COTABATO CITY — Regional Board of Investments (RBOI-BARMM) formally awarded the Certificate of Registration to Al-Muzafar Agriventures, Incorporated (AMAVI) and ES Maulana Global Ventures Company, Incorporated (EMGVCI) on Wednesday, Aug. 18.
 
The Certificate of Registrations of both AMAVI and EMGVCI, amounting to almost Php2-Billion of planned investments will serve as the signal for the 2 companies on its full swing to operate in the BARMM areas and guaranteed to avail of the fiscal and non-fiscal incentives in the region.
 

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MTIT conducts entrepreneurial skills trainings for BARMM business enthusiasts

COTABATO CITY — Ministry of Trade, Investments and Industry (MTIT) conducted various skills and enterprise trainings for business enthusiasts in the Bangsamoro region on July 21-23 at Pagana Kutawato Native Restaurant in this city.
 
This is in line with this year’s week-long celebration of Micro, Small and Medium Enterprise (MSME), which carried the theme “Bangsamoro MSMEs: Go! Grow! Glow! For Resiliency, Development and Sustainability.”
 

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Magelco continues rehab, upgrading despite pandemic, other challenges

POLLOC PORT, Maguindanao – Despite the pandemic and major challenges facing the Maguindanao Electric Cooperative (Magelco), its leaders continue to push for rehabilitation, innovations and improvements.

The latest of which was the inauguration and energization Wednesday of the so called ‘Power Super Highway’ in northern Maguindanao held at Polloc Free Port and Ecozone in Barangay Polloc, Parang, Maguindanao, according to Engr. Ashary Maongco, Magelco general manager.

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