Thursday Mar, 28 2024 05:58:06 PM

ARMM conducts Investment Promotion Forum for the Bangsamoro

Economic News • 19:35 PM Thu Apr 12, 2018
888
By: 
BPI news release
RBOI chair Atty. Ishak Mastura speaking during the forum. (BPI)

COTABATO CITY -- The Regional Board of Investments of the Autonomous Region in Muslim Mindanao (RBOI-ARMM) conducted an Investment Promotion Forum for the Bangsamoro on Wednesday in this city.Representatives from the different ARMM line agencies as well as representatives from business establishments in the region gathered to tackle the different ways on how to promote investments in Bangsamoro areas.Atty. Ishak V. Mastura, RBOI-ARMM chairman, said the forum will help the investments board formulate a Business Sustainability Framework for the Bangsamoro in the ARMM.The core of the initiative is the Brokering Business Investment in the Bangsamoro to Achieve Inclusive Development Growth (BRIDGe) Project, said Dr. Urooj Malik, chairman and chief executive officer of Hineleban Foundation Inc., one of the groups involved in the project.Dr. Malik pointed out that the basic idea is to provide support in improving the capacity of the economic cluster, RBOI, and other departments -- including the local government units -- to show how businesses, entrepreneurs, and enterprises can work effectively to achieve sustainable operation and address weak points in the operation of business firms.The weak points that are often overlooked by some businesses are also covered in five components of the Business Sustainability Framework.These are Community Development Planning, Ecosystem Conservation, Sustainable Livelihood Development, Food Security, and Values and Leadership Transformation.With this, it is believed that there has to be a paradigm shift in the nature of investments with equal partnership between the business enterprise and the communities.Despite violent incidents in Mindanao in recent years including the Marawi seige, Zamboanga seige, and the Mamasapano incident, we want to show them (the investors) that there are good leaders here… that there are good entrepreneurs here in Mindanao that can be partnered with, he added.Upon achieving the goal of the BRIDGe Project, there will be an enhanced capacity of the regional government to facilitate business investments empowered local communities to engage in business and enterprise development and sustainable business investment practices in both local and international business partners.The BRIDGe Project involves the RBOI, the Philippine Business for Social Progress and the Hineleban Foundation, Inc. (Bureau of Public Information)

UK: Bangsamoro one of world’s few successful peace processes

MANILA – The United Kingdom has hailed the creation of the Bangsamoro region as one of the world’s few successful peace processes as it joined...

Antipas LGU releases official list of victims of highway mishap

OFFICIAL list of victims of March 25, 2024 vehicular accident involving passenger van and cargo truck. The list is from the local government of...

Cotabato Light announces April 6 power service interruption

Cotabato Light announcement:  To all our valued customers, please be informed of the scheduled power interruption affecting a portion of...

BARMM has new police regional director

CAMP SK PENDATUN, Maguindanao Norte - Police Brig. Gen. Prexy Dugas Tanggawohn was installed as new police regional director for the Bangsamoro...

BARMM, Inter-Agency Teams implement OPLAN HARABAS, nets 1 conductor positive for drug use

COTABATO CITY - The Philippine Drug Enforcement Agency in the Bangamoro Region and police units in the city conducted on Tuesday "Oplan Harabas" in a...