BARMM investments in 2022 fall short of target

Despite the improved peace and order condition in the BARMM, fewer investments poured into the area last year, at only P1.3 billion, down by over half from the P2.8 billion recorded in 2021, data from the BBOI showed.

For 2022, the investments registered with the BBOI included Pagana Kutawato Corp. , Hanabana Construction and Equipment Corp. , Usman Banana Farm , Nama Concrete Philippines Corp. , Mt. Kalatungan Agri-Ventures Inc. , Austrian Trade and Investments Group Inc. , and Kaltimex Rural Energy Corp. .Over the past years, investments in the region went into the agriculture sector due to its ideal agroclimatic conditions and fertile lands, Pasigan said.

However, for 2022, other investments in infrastructure, manufacturing and energy pushed through as investors realized their viability in the Bangsamoro region, he added. BARMM interim Chief Minister Ahod “Al Haj Murad” Ebrahim had encouraged investors, particularly those from rich Islamic countries, to pour in capital to the new Bangsamoro region and help it attain sustainable and inclusive development by creating long-term jobs and raising incomes for the people.

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