Investments in BARMM to create more jobs
COTABATO CITY—The Bangsamoro Board of Investments (BBOI) is confident of surpassing its target of investment inflows into the region after registering P1.77-billion worth of new ventures from nine firms in the first five months of the year.
BBOI chair Mohamad Omar Pasigan said the value of investments from January to May was more than double than the same period last year.
The board approved the grant of incentives to four new projects during its May 16 meeting. These include a school located in Cotabato City; an oil depot in Polloc Port, Maguindanao del Norte province; a shipping company in Tawi-Tawi province; and a beach resort at Timako, Kalanganan in Cotabato City.
The projects, Pasigan said, are expected to generate about 300 jobs.
He said Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) Chief Minister Ahod “Al Haj Murad” Ebrahim had prioritized attracting both local and foreign investors to take part in rebuilding the Bangsamoro region from the ashes of decadeslong conflict that ended with a landmark peace deal between the government and the Moro Islamic Liberation Front in 2014.