Wednesday , April 25, 2018

Armm foresees high investments in 2018

THE Regional Board of Investments in the Autonomous Region in Muslim Mindanao (RBOI-Armm) is projecting higher investment for the region this year.

This was announced by Larzon Santos, RBOI-Armm investment specialist, said they are set to approve up to P1 billion worth of new projects in the first quarter of 2018.

Santos said some of the investors have signified interest in setting up projects that would assist the government’s rehabilitation program for Marawi City.

The list of proposed projects subject for RBOI’s approval are as follows: cacao plantations; pineapple plantations; banana plantations; and, palm oil refinery.

Santos said the applications for these projects are now being processed.

Last year, the RBOI-Armm posted P3.2 billion worth of investments led by TierOne Communications International, Inc.

TierOne’s project would provide cellular services, broadband connectivity, wireless internet, and public Wi-Fi in the region.

The company also offered its service facilities to help in the reconstruction of Marawi City. (Bong Garcia/SunStar Philippines)