Economic News

COTABATO CITY – Basic commodities, school supplies, and other products are being sold at lower prices through the ‘Diskwento Caravan’ under the Department of Trade and Industry in the Autonomous Region in Muslim Mindanao (DTI-ARMM).Consumers in the municipality of Parang and neighboring towns in Maguindanao, where the initiative was launched on Monday, May 22, can now avail of good quality food and non-food items at prices lower than those in regular retail outlets.Stanley Cang, DTI Maguindanao technical management services chief, said the caravan was aimed at providing an opportunity for c

COTABATO CITY --- Efforts to connect the local communities to economic partners abroad got a boost with the crafting of a sisterhood pact between Cotabato City and Bandung, Indonesia.Halima Satol-Ibrahim, chief information officer of the Cotabato City local government unit, said on Sunday the agreement was signed last week by Vice Mayor Graham Dumama and the mayor of Bandung City, Ridwan Kamil.The event was held at Bandung City, capital of West Java Province in Indonesia, also known as the Paris of Java for being a big metropolis with extensive shopping destinations.Dumama represent

COTABATO CITY– A Sulu-based agrarian reform cooperative has received a purchase order from Universal Robina Corp.

DAVAO CITY – President Rodrigo Duterte and Indonesian President Joko Widodo launched Sunday the maiden voyage of M/V Super Shuttle RoRo 12 from Mindanao to North Sulawesi, Indonesia in a bid to further boost trade in the ASEAN region.The vessel sailed off for the Davao-GenSan-Bitung sea route with initial 50 containers, five of which are flour cargoes produced by Pilmico Foods Corp.President Duterte said the ferry service is part of the larger ASEAN RoRo Shipping Network, which will help ASEAN member-countries realize a collective goal of creating an integrated regional market.

COTABATO CITY -- The Regional Board of Investments (RBOI) of the Autonomous Region in Muslim Mindanao (ARMM) organized yesterday its first Investment Priorities Plan (IPP) Regional Roadshow in Cotabato City for the year 2017.

The Regional Board of Investments (RBOI) in the Autonomous Region in Muslim Mindanao (ARMM) will be granting incentives to banks and non-bank financing institutions and facilities to include Islamic banking and finance. The expanded ARMM Organic Act (Republic Act No. 9054) allows ARMM to give incentives to banks and other non-bank financial institutions that are based or have its principal base of business in ARMM.

MANILA -- Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco Jr. continues to see limited impact on the Philippine economy of the United Kingdom’s exit from the European Union (EU).This even after UK trigged this week the Article 50 of the Lisbon Treaty, marking the start of the legal process of Britain’s exit from EU which is expected to be finished in two years.Tetangco said this latest development has thus far not resulted any palpable impact because I think the markets are also waiting for how this will going to move forward.

COTABATO CITY - The Regional Board of Investments (RBOI) in the Autonomous Region in Muslim Mindanao (ARMM) approved today the application for registration of Abing Seafoods and Cold Storage (ASCS). The company based in Bongao, Tawi-Tawi will engage in a Php 32 million marine resource business. The ASCS is into responsible and rational buy and sale of various commercially important fishery resources in Tawi-Tawi for local and international markets.

COTABATO CITY– A delegation from the
Autonomous Region in Muslim Mindanao regional government led by the Regional
Board of Investments (RBOI) visited Bukidnon on March 6 to 9 to learn about
ethical investment practices through a study trip facilitated by Hineleban
Foundation Incorporated (HFI).

HFI has worked with Unifrutti
Philippines Inc., which recorded the biggest foreign investment in the ARMM in
2015 with a P3.7 billion banana plantation in Maguindanao Province.

COTABATO CITY -- Some 20,000 to 30,000 micro
entrepreneurs nationwide stand to benefit from an agreement between the
Department of Trade and Industry (DTI) and Procter and Gamble (PandampG) aimed
at helping them

develop their business skills, and gain
access to start-up capital.

The agreement dubbed PandampG Angat Kita
Program is designed to help sari-sari storeowners and other
micro-entrepreneurs advance their skills through seminars provided by the DTI’s
Negosyo Centers.