SULU – The Ministry of Trade, Investments, and Tourism (MTIT) held in this province on Monday, Sept. 20, an orientation on the main functions, services, and programs of its Bureau of Investments (BOI) for its provincial staff.
BOI was created as one of the bureaus of the MTIT pursuant to Title XIV, Section 13 of the Bangsamoro Administrative Code. It will assist the ministry on the matters relating to investments not otherwise exercised by the regional Bangsamoro Board of Investments.
“The success of MTIT Regional Office and the BARMM as a whole, greatly depends on how you work and respond to the needs of this province,” Minister Abuamri Taddik told the provincial staff during his speech.
Meanwhile, MTIT-BOI Director Shamera Abobakar emphasized during her presentation that the main function of the bureau is to promote investment opportunities in the Bangsamoro region consistent with national and regional policies and development agenda of the Bangsamoro Government.
On the other hand, MTIT-BOI Chief Investment Specialist Salem Demuna enumerated the bureau’s Investment Priorities Plan (IPP) which mainly covers: Export Activities; Agriculture, Agribusiness, Aquaculture and Fishery; Basic Industries; Infrastructure and Services; Industrial Service Facilities; Engineering Services; Logistics; Brunei Darussalam–Indonesia–Malaysia–Philippines East ASEAN Growth Area (BIMP-EAGA) Related Investment Enterprise; Tourism; Health and Education Services and Facilities; Halal Industry; Investment Operations under Republic Act No. 11439 (An Act Poviding for the Regulation and Organization of Islamic Banks); and Energy.
Demuna also highlighted in her presentation that Public-Private Partnership (PPP) is advantageous to both public and private sectors as the former can acquire funding for projects and mitigate their risks while the latter has the opportunity to invest in projects with reasonable Rate of Return (ROR). (Bangsamoro Information Office)