Wednesday, March 22, 2023
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home LGUs Mindanao

ARMM opens blueprint for investment venues

Nash B. MaulanabyNash B. Maulana
April 30, 2017, 12:01 am
in Mindanao
Reading Time: 2 mins read
A A
Share on FacebookShare on TwitterShare on Email

COTABATO CITY—While the 30th Asean Summit is being held in Manila, the Autonomous Region in Muslim Mindanao has opened blueprints of potential economic investment venues, including Islamic banking and interregional trading with neighboring East Association of Southeast Asian Nations.

Officials and economic gurus disclosed this during this midweek's Investment Priority Plan Roadshow here, organized by the ARMM Regional Board of Investments.

The IPP ARMM List (2017-2019) is a three-year guide map to the region's potential investment venues, namely: export industry; agriculture and aquaculture; basic industries; infrastructure; industrial service facilities; engineering industries; logistics; BIMP-EAGA-related investment enterprises; tourism; health and education services and facilities; halal industry; bank and non-bank financial institution including Islamic banking and finance; and energy.

BIMP-EAGA stands for Brunei-Indonesia-Malaysia-Philippines East Asean Growth Area. It was developed during the administration of then President Fidel V. Ramos.

The IPP roadshow in ARMM is geared towards “Scaling Up and Dispersing Opportunities” in matching capital prospects with business opportunities to steer economic growth.

ADVERTISEMENT

Lawyer, Ishak Mastura, chairman of RBOI, said ARMM has consistently reached or even exceeded its benchmark target on investment growth rate of P1 billion per annum during the last three years.

The region is further improving its economic potentials based on halal industry and enhanced Islamic banking.

Meanwhile, Anak Mindanao Party-List Rep. Sitti Dhalia Turabin-Hataman said a bill she has filed seeks to amend the Chatter of Islamic Investment Banking to allow conventional banks to open Islamic Banking Windows, and to increase authorized capitalization on Islamic banking in the country.

Former President and now Pampanga Rep. Gloria Macapagal-Arroyo co-sponsors the Islamic Banking Bill in the House of Representatives.

Basically, Islamic banking is non-interest bearing on deposits, but prescribes partnership investments (musharaka), through profit-and-loss sharing scheme.

A savings or current deposit is charged small percentage for service fee or safekeeping rates.

Other IPP roadshows will be scheduled later in key areas of the region, such as Maguindanao, Marawi City, Lanao del Sur, Basilan and Tawi-Tawi.

Regional officials raised investment opportunities in ARMM, as well as fiscal and non-fiscal incentives the government can provide or offer investors.

Rosamond Belderol, program officer of the Philippine Business for Social Progress, said Inclusive Business Models or IB in the national IPP list also suits ARMM.

Belderol said IB covers business activities of medium and large enterprises in the agribusiness and tourism industries, but is also providing business opportunities to micro and small enterprises as part of their value chains.

She said IB could help propel the local economy with such business models and social enterprises to bear sustainable economic growth.

The RBOI said the Brokering Business Investments in the Bangsamoro for Inclusive Development and Growth Project is being jointly implemented by PBSP, the Hineleban Foundation Inc. and RBOI.

Under the BRIDGe framework, it would adapt the IB as one of its business models under the Business Sustainability Framework in ARMM areas with strong economic potentials.

Tags: Autonomous Region in Muslim MindanaoBlueprintsEconomic investment venues
ADVERTISEMENT
Nash B. Maulana

Nash B. Maulana

Related Posts

US helps improve quality of education of BARMM

byNash B. Maulana
March 18, 2023, 11:00 pm
0
8
US helps improve quality of education of BARMM

Cotabato City—The US government has launched new activities to help improve the quality of education in the Bangsamoro Autonomous Region...

Read more

A village in Maguindanao Norte seen to become ‘city within a city’

byNash B. Maulana
March 17, 2023, 11:23 pm
0
8
Southwoods nails Seniors’ Fil golf crown

Parang, Maguindanao Norte—A long-term prospect of a city within a city looms here with the Bangsamoro government’s plan to move...

Read more

US supports projects to boost women’s participation in clean energy

byManila Standard
March 17, 2023, 11:18 pm
0
8
Southwoods nails Seniors’ Fil golf crown

The U.S. Government has supported projects to boost women’s participation in energy resilience, innovation, and security in the Philippines. The...

Read more

UAE Environment Summit to host Magindanao’s Sultan Mastura

byNash B. Maulana
March 9, 2023, 11:48 pm
0
8
UAE Environment Summit to host Magindanao’s Sultan Mastura

The Care for the Environment will host the Sultan of Magindanao at a Summit in United Arab Emirates in June...

Read more

Rep. Duterte votes ‘No’ on RBH No. 6, says it’s untimely

byThe Standard
March 6, 2023, 9:53 pm
0
8

Davao City Rep. Paolo Duterte yesterday expressed his reservation on the immediate approval of the Resolution of Both Houses (RBH)...

Read more

Samal residents rally over NORDECO’s long-running service problems

byThe Standard
March 1, 2023, 7:33 pm
0
8
Samal residents rally over NORDECO’s long-running service problems

Some 3,000 residents of the Island Garden City of Samal held a rally outside the office of the Northern Davao...

Read more

Print Edition

View More

Recent Posts

  • The progressive congresswomen of CALABARZON, Bicol
  • Women leaders of Regions 4-A and Bicol: Making waves in Philippine politics
  • Congress Heads
  • House panel acts vs. Teves
  • Rufus rejects ‘secret’ meet on ‘Cha-cha’
  • Japan’s deep sea device spots tanker 400 meters deep off Mindoro
  • US, PH blast China ‘grey zone’ ops in SCS ‘impeding’ fishermen’s rights
  • One-strike policy for ‘ninja cops’ a must—Speaker

Advertisement

Latest News

Japan’s deep sea device spots tanker 400 meters deep off Mindoro

byCharles Dantesand4 others
March 22, 2023, 1:05 am
0
8
PAGASA heralds end of ‘amihan’, dry season start

The MT Princess Empress, which sank three weeks ago with its cargo of 800,000 liters of industrial fuel oil, has...

Read more

US, PH blast China ‘grey zone’ ops in SCS ‘impeding’ fishermen’s rights

byRey E. Requejoand1 others
March 22, 2023, 1:00 am
0
8
Southwoods nails Seniors’ Fil golf crown

THE defense secretaries of the United States and the Philippines jointly denounced China’s “gray-zone” operations—activities that just fall short of...

Read more

One-strike policy for ‘ninja cops’ a must—Speaker

byMaricel Cruz
March 22, 2023, 12:55 am
0
8
PNP vows deep probe into acts of ‘party girl’

Speaker Martin G. Romualdez on Tuesday urged the Philippine National Police (PNP) to strictly enforce a one-strike policy against “ninja...

Read more

PBBM: Study LGU devolution further

byVince Lopez
March 22, 2023, 12:50 am
0
8
UP nears 2nd straight UAAP hoops crown

President Ferdinand Marcos Jr. ordered government agencies to study Executive Order No. 138 for possible amendments and to determine what...

Read more

Bill lets married women keep own surnames

byMaricel Cruz
March 22, 2023, 12:40 am
0
8
Southwoods nails Seniors’ Fil golf crown

The House of Representatives on Tuesday approved on final reading a bill that will allow married women to retain their...

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App