The Bangsamoro Regional Board of Investments (RBOI) has already exceeded its investment target for this year even if about three more weeks have been left before 2019 ends.
Lawyer Ishak V. Mastura, chairman of RBOI-Bangsamoro Autonomous Region in Muslim Mindanao (BARMM), during the year-end assessment and reporting held in Cotabato City Wednesday, December 4, said his office has registered a total of P4.153-billion worth of investments and recorded 2,724 employment in 2019.
He said the RBOI surpassed its target P2.3-billion worth of investment projects for this year.
“Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) has shown the benefits of peace in terms of more willing investors in the region… BARMM is open for business,” Mastura said.
The approved and registered companies which invested in BARMM are JMI Sand and Gravel Truck Services with P1.4 billion, Lamitan Agri Business Corporation (LABCO) with P1.8 nillion, Maguindanao Corn Development (MCD) DSA-I Corporation with P515M, Wao Development Corporation with P306 million, and Hong Kong Feng Sheng Heritage Philippines Incorporated (HK FSH) with P100-million worth of investments.
Shamera A. Abobakar, RBOI senior investments specialists, said there has been 217 percent increase in investments and 200 percent rise in employment from 2018 to 2019.
For investments, the number progressed from P1.3 billion in 2018 to P4.1 billion in 2019, while for employment, the number increased from 905 to 2,724, the official said.