COTABATO CITY—Regional Bangsamoro Board of Investments (BBOI) approved Wednesday, June 15 the registration of three (3) investment firms amounting to Php734,133,782.05 during its regular board meeting held here.
The investment companies include Nama Concrete Philippines Corporation (NAMA), which invested in pre-mixed cement worth Php340,800,000.00 located in Crossing Pinaring, Sultan Kudarat, Maguindanao; and Mount Kalantungan Agri-Ventures, Incorporated (MKAVI), which invested in the production of Cavendish Banana for export worth Php223,533,782.05 located in Amai Manabilang, Lanao Del Sur.
Meanwhile, the Austrian Trade and Investment Group Asia, Incorporated (ATIGA) is investing in the production of Halal Coffee Products, assembly line that offers parts and components servicing and maintenance of coffee vending machines worth of Php169,800,000.00 located in Demazenod Avenue in this city.
Regional BBOI Chairman Atty. Ishak Mastura said: “As we conduct [probably] our last board meeting during the administration of President Duterte, we are glad that we are ending the term on a high note with three (3) additional registered investment projects amounting to more than Php700 million in total.”
“As we thank Al-Haj Murad Ebrahim, the BARMM Chief Minister for his guidance on investment matters, we are hopeful that the new President Bongbong Marcos’ administration heralds the start of the rejuvenation of the Philippine economy and BARMM in particular, as we emerge from the Covid-19 pandemic,” Chairman Mastura added.
“Since the start of our operation way back in 2004, our company did not fail in choosing its location for putting up banana plantation in the Bangsamoro region because Regional BBOI is always there ready to assist us, [and] we thank the BARMM government for the approval of our new application,” said MKAVI External Relations Officer Joyal Maquinto.
“I am very thankful for the approval of our investment firm because we all know that it could help our Bangsamoro constituents in alleviating their lives through creating more local jobs while easing the supply of pre-mix cement in the region for infra-projects,” NAMA Manager Jabib Guiaber stated.
According to Board of Governor Mohammad Pasigan, the new investments will create a total local employment of 636, including 304 workers for NAMA, 213 workers for MKAVI, and 119 workers for ATIGA.
“Regional BBOI will continue to invite our potential investors both local, national, and even international in the Bangsamoro region with our aims to boost our economy,” said Pasigan.
Wednesday’s meeting was also graced by MTIT Minister Abuamri A. Taddik (Ex-Officio Board of Governor), MFBM Minister Atty. Ubaida C. Pacasem (Ex-Officio Board of Governor), Representative of MAFAR Minister Mohammad S. Yacob (Ex-Officio Board of Governor), and designated Board of Investments Secretary Farida M. Biruar. (Kasan M. Usop, Jr./BIO)