COTABATO CITY—Regional Bangsamoro Board of Investments (BBOI) officially awarded the certificates of registration to the five (5) BARMM investors on Thursday, February 3, 2022 held at Regional BBOI office in this city.
Of the five investment companies, three were approved last year, namely Eight Z’s Properties Building Rental, Lanao Del Sur Corn Development Corporation and Prime Certification, and Inspection Asia Pacific, Inc. Meanwhile, the other two companies include Pagana Kutawato Corporation and Hanabana Construction and Equipment Corporation, which were approved last month.
Said companies generated a total amount of Php1,003,214,201.24 investments, catering 1,159 jobs in the region, as of the last quarter of 2021 and first quarter of 2022.
Regional BBOI Chairman Atty. Ishak Mastura emphasized the achievement of BARMM as a potential venue in the country for new investment opportunities amidst the difficulties and unprecedented challenges posed by the pandemic.
“The 5 companies upon receiving this certificate of registration can fully be operational with their own respective ventures and will automatically enjoy fiscal incentives provided for by the Regional BBOI,” Mastura said.
BARMM Chief Minister Ahod B. Ebrahim congratulated the new investors and said that “their contributions in investing in BARMM were both inspirational and patriotic for the Bangsamoro region.”
He guaranteed that the Government of the Day will always support them.
“Your investments in BARMM does not only illustrate our region’s economic potential but its preparedness of transforming people’s lives and wonderful opportunities and limitless possibilities,” the Chief Minister added.
Each company was engaged into different areas of ventures such as Eight Z’s Properties Building Rental’s old barter and trading tourism, Lanao Del Sur Corn Development Corporation’s corn production, and Prime Certification and Inspection Asia Pacific, Inc. for Halal accreditation of products for export, particularly in the middle east countries.
Moreover, Pagana Kutawato Corporation manages hotel and restaurant tourism, while Hanabana Construction and Equipment Corporation is for potable bulk water distribution in the region.
Regional BBOI Board of Governor Mohamad Pasigan emphasized the essence of encouraging foreign investors through building of trust and confidence first in the region.
“Foreign investors will come and invest depending on the number of investments of local investors in our region but we will not wait for that if the local investors could afford to invest and uplift our own regional economy instead,” Pasigan remarked. (Kasan M. Usop, Jr./BIO)