Tuesday Jun, 15 2021 09:18:39 PM

Economic News

ARMM approves P33 M shipping project

COTABATO CITY - The Regional Board of Investments (RBOI) in the Autonomous Region in Muslim Mindanao (ARMM) recently approved the registration of J. SAYANG SHIPPING LINES, INC. The company based in Bongao, Tawi-Tawi is providing shipping services for traders in Tawi-Tawi through a 494 metric tons (MT) capacity general cargo vessel to ply the route from the ports of Basilan, Jolo, Tawi-Tawi and Polloc, Maguindanao going to Malaysia and other member countries of the Association of Southeast Asian Nations (ASEAN).The P33.5 million cargo transport project will directly create 23 jobs.

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DTI-ARMM launches 'Diskwento Caravan' in Maguindanao

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

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Cities of Cotabato, Bandung in West Java craft partnership pact

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

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Gokongwei-owned firm buys coffee from Sulu based ARC

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

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Presidents Duterte, Widodo launch east ASEAN RoRo service

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.

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ARMM starts regional investment road shows

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.

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ARMM offers incentives to bank, non-banking institutions to invest in the region

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.

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Tetangco says Brexit still has limited impact on PHL

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.

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ARMM approves PH-32-M cold storage, fish processing investment in Tawi-Tawi

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.

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RBOI-ARMM visits Bukidnon to study investment practices

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.

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