Sunday Sep, 19 2021 11:07:21 AM

Economic News

ARMM achieves 100% investment target for 2018

COTABATO CITY - The Regional Board of Investments of the Autonomous Region in Muslim Mindanao (RBOI-ARMM) has achieved its 2018 target to register P2.11 billion worth investments after its board in a recent meeting approved the registration of Mina Vida De Mindanao Corporation’s Php 940.5 million nickel mining investment in Languyan, Tawi-Tawi.According to Lawyer Ishak Mastura, chairman and managing head of RBOI, to date the total investments registered by RBOI in 2018 amounts to Php 2.246 billion or reaching 106 percent of the agency’s target, with the bulk of investments in agriculture.T


Japanese firm eyes fastest internet investment in Maguindanao

COTABATO CITY - A Japanese multinational firm eyes more investment in Mindanao and offered to put up capital to help boost agriculture and marine industry development using sophisticated and fast data communication technologies.Yoshihisa Arai, chief executive officer of Global Trade Ventures, presented a proposal and feasibility study that will make Matanog town in Maguindanao the host of the country’s biggest Japanese investment.Arai forged a deal with Matanog local government, headed by Mayor Mohammad Ali Kits Guro, for the development of Sakurab Kimchi from crops endemic in town.Duri


Maguindanao upland town, Japanese firm forge joint venture to produce kimchi

MATANOG, Maguindanao – A Japanese investor and the local government here have signed a P5 billion investment for the production of export quality kimchi, (pickles) and expected to provide employment to the locals.Witnessed by Maguindanao Gov. Esmael Toto Mangudadatu, Japanese firm senior consultant Kazuo Sato signed a partnership deal with Mayor Mohammad Ali Kits Guro Sunday.The agreement, under the private-public partnership mechanism, will allow Sato’s Global Trade Company Limited, to develop the local onions prevalent in this upland town into kimchi, a staple in Korean cuisine.


Maguindanao can be next Dubai due to its gas deposits, official says

Maguindanao – Investors interested in oil gas exploration have
started coming to Maguindanao and an energy plant will soon rise in the
province, Maguindanao Rep. Zajid Mangudadatu today said.

hinted that Chinese and Israeli scientists and inventors are scheduled to visit

I am
optimistic with the estimated more than 583 billion barrels of oil beneath the
Liguasan marsh, Maguindanao and the country will become like Dubai,
Mangudadatu said.


Confiscated substandard merchandise destroyed in GenSan

GENERAL SANTOS CITY - Personnel of the trade department destroyed on Wednesday a ton of seized substandard electrical supplies and other cheap appliances unsafe for public use.In a statement Thursday, the Department of Trade and Industry in Region 12 said the merchandise, recovered in recent operations in General Santos City and nearby areas, were disposed in a landfill in Sinawal area here.The operation was witnessed by representatives from various agencies and local consumer rights welfare blocs, initiated in the presence of officials of the Commission on Audit.The disposal of the substan


New 69-KV transmission line energized in North Cotabato

ANTIPAS, Cotabato -- Officials of the Cotabato Electric Cooperative (Cotelco) energized on Wednesday another 69-kilovolt transmission line located in Antipas, North Cotabato.


DTI-ARMM launches ‘e-Presyo’ holds training on trade regulation and consumer protection

COTABATO CITY – The Department of Trade and Industry of the Autonomous Region in Muslim Mindanao (DTI-ARMM) is conducting a two-day training and workshop on trade regulation and consumer protection for its employeesonJune 26-27.Through this activity, the department expects to enhance the technical know-how of its employees, including those in the provincial offices, on the latest policies and laws on trade and industry.One of the highlights during the opening dayon Tuesdaywas the launching and orientation on the ARMMe-Presyo.


Kidapawan mayor seeks authority to enter into P140 million equipment loan

KIDAPAWAN CITY – Kidapawan City Mayor Joseph Evangelista has sought authority from the legislative department to allow him to enter into a loan agreement worth P140 million, which he explained was intended to purchase at least 15 units of heavy equipment for road repair and rehabilitation, garbage collection, and maintenance of sanitary landfill.


Strong agriculture sector at the root of ARMM’s growing economy

COTABATO CITY -- Whilethe growth rate of the Philippines’ gross domestic product slowed at the national level, the Autonomous Region in Muslim Mindanao (ARMM) has shown an accelerated growth rate pegged at 7.3 percent in 2017, a significant leap from the 0.4 percent gross regional domestic product (GRDP) growth rate it registered in 2016.


Mayor Guiani-Sayadiand Aviation school proof of economic growth

COTABATO CITY-- The mayor here regarded the entry of an aviation school as an indication of the city’s growth.Mayor Frances Cynthia Guiani-Sayadi met on Tuesday with executives of Aviation Technical School of Cotabato (ATSC) and regarded such development as proof of local economic growth.The ATSC is the first and only aviation school in Central Mindanao that includes this city, the provinces of Maguindanao, North Cotabato, Sultan Kudarat and in the Autonomous Region in Muslim Mindanao (ARMM).Guiani-Sayadi was very upbeat upon learning about the progress of aviation school, which has produce



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Soccsksargen has 446 new COVID-19 infections

COTABATO CITY - Regional COVID-19 tracker as of September 18, 2021 (6:00 PM) FOUR-HUNDRED-FORTY-SIX (446) NEW CONFIRMED CASES FOUR-HUNDRED-...

8 hurt in Maguindanao blast

CAMP SIONGCO, Maguindanao - Eight villagers got hurt in an explosion that ripped through a covered court in the town proper of Datu Piang on Saturday...

12 die in GenSan as Region 12 records 432 new COVID-19 infections

COTABATO CITY - Regional COVID-19 tracker as of September 17, 2021 (6:00pm) FOUR-HUNDRED-THIRTY-TWO (432) NEW CONFIRMED CASES FIVE-HUNDRED-...

5 men yield P102-K shabu in Maguindanao

COTABATO CITY – Five persons, including a minor, were arrested while PHP102,000 worth of suspected shabu was seized during an operation at a...

BARMM leaders welcome passage of HB 10121

COTABATO CITY — The House of Representatives (HoR) approved on third and final reading House Bill 10121 that aims to reset the 2021 parliamentary...