ARMM investments up despite SAF tragedy


COTABATO CITY: The Mamasapano incident has not dampened the enthusiasm of investors in the Autonomous Region in Muslim Mindanao (ARMM) where two projects worth P863.05 million are up for final approval, according to the Regional Board of Investments (ARMM-RBOI).

The region’s management committee (Mancom) said the projects have been cleared of technical and procedural hurdles, which means that the projects will now go through deliberations before being approved by the Board of Governors who will meet before the end of the month.

Ishak Mastura, chairman of the ARMM-RBOI, said to be discussed by the board are the P741.8 million nickel-ore mining project of Chan C Mining, Inc. in Panglima Sugala in Tawi-Tawi and the P121.25 million petroleum depot project of Tawi-Tawi Petroleum Trading Corporation, also in Panglima Sugala.

The mining project is expected to produce 1,000,000 metric tons of nickel per year.

The RBOI is also studying other investment projects in Maguindanao particularly on renewable energy and the putting up of oil palm and banana plantations. RBOI is also assessing the proposed multi-billion-peso logistics center at the Polloc Free Port in Parang, Maguindanao.

Mastura said Maguindanao remains a top investor destination, followed by Tawi-Tawi.


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