The Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) on Thursday said it generated P1.3 billion worth of investments which created 1,052 jobs in the region this year.
In a statement, BARMM said the investments generated by the Bangsamoro Board of Investments amount to 64% of the region’s total investment target of P2 billion for 2022.
Among the investments earned include the Pagana Kutawato Corporation with P100 million, Hanabana Construction and Equipment Corporation with P96 million, Usman Banana Farm with P278 million, Nama Concrete Phils. Corp. with P341 million, Mt. Kalatungan Agri-Ventures, Inc. with P223 million, Austrian Trade and Investments Group, Inc. with P170 million, and the Kaltimex Rural Energy Corporation with P76 million worth of investments.
“Considering the vast potentials of BARMM, the certainties and more stable peace and order situation under the leadership of Chief Minister Ahod Ebrahim, these investments would influence regional investors and eventually put confidence to encourage national and even global investors to come in,” BBOI Chairman Mohammad Pasigan said in a statement.
The BARMM said the BBOI also exerted more effort in promoting investments by conducting BARMM-wide Strategic Investment Priorities Plan consultations to attract investors through business coaching and investment facilitation. “Due to the great agro-climatic conditions and fertile lands present in the region, agriculture has recently risen to the top of the list of investment opportunities in the area. This year though, investors prioritized other investment sectors including infrastructure, manufacturing, and energy because they believe these sectors can thrive in the Bangsamoro region,” it added.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
P18-M worth of relief assistance delivered to flood-hit areas — DSWDDSWD and local government units have already provided at least P18 million worth of food and non-food items as resource augmentation to areas affected by widespread flooding from shear line rains.
Read more »
SSS: P236.3B worth of benefits disbursed in Jan-NovThe Social Security System (SSS) on Wednesday said it disbursed a total of P236.3 billion worth of benefits from January to November this year.
Read more »
More than P800K worth of illegal drugs seized in Caloocan, QCOver P800,000 worth of shabu and marijuana were seized in several police operations in Caloocan and Quezon Cities on Tuesday, Dec. 27, and Wednesday, Dec. 28.
Read more »
DTI enforcement unit seizes ₧418,578 worth of uncertified products in Manila, Bulacan - BusinessMirrorThe Department of Trade and Industry (DTI) said it has seized P418,578 worth of uncertified products including electric fans and electric rice cookers in its recent enforcement operation in Manila. On December 16, the DTI-Fair Trade Enforcement Bureau (FTEB) spearheaded by Consumer Protection Group (CPG) Undersecretary Ruth B. Castelo, conducted monitoring and enforcement operations to
Read more »
DTI confiscates P64-M uncertified products worth in Jan-Nov 2022The Department of Trade and Industry (DTI) reported on Tuesday it confiscated a total of 219,693 uncertified products worth PHP64.5 million from January to November this year. The DTI said it inten…
Read more »