ARMM launches agri-investments program


COTABATO CITY, Maguindanao: The Regional Board of Investment (RBOI), head of the Autonomous Region in Muslim Mindanao (ARMM) Regional Cabinet Cluster on Economic Growth, with the International Finance Corporation of World Bank, and Hineleban Foundation, launched the High Carbon Stock Approach (HCSA) at the ARMM’s Regional Planning and Development Office here recently. The HCSA is part of the Bangsamoro Sustainability Framework that aims to promote sustainable agricultural investments in the region. Lawyer Ishak Mastura, chairman of RBOI, said that despite some uncertainties, private sector investors have forged ahead with agri-related investments in the region such as the Al Sahar Agri-Ventures Inc., Salam Agri-Ventures Corporation, and Al Shayan. Agreements with multilateral and bilateral partners are also expected to boost a project called “Harnessing Agribusiness Opportunities through Robust and Vibrant Entrepreneurship Supportive of Peaceful Transformation (HARVEST). Hineleban chairman, Urooj Malik said that the project is keen to partner with ARMM regional government agencies, the Philippine Business for Social Progress, and local and international non-government organizations, among others, in the implementation of the HCSA.


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