Marawi City – The Autonomous Region in Muslim Mindanao’s (ARMM) investment board will receive an award from the BangkoSentralngPilipinas (BSP) in recognition of the important role of business investment in the Mindanao peace process.
The ARMM’s Regional Board of Investments (RBOI) will receive the BSP’s Award for Outstanding Partner for Regional Economic Development on August 11 for its contribution to the success of the peace process by actively promoting and facilitating private sector investments in the region.
RBOI is the first agency from ARMM to receive such award.
The Outstanding Partner for Regional Economic Development award is given annually as BSP’s way of expressing gratitude for the strong support it receives from its partner institutions.
Business investments in the ARMM have been growing tremendously since 2013 as a result of the stability, especially peace and order, engendered by the peace process in Mindanao with the signing of the Comprehensive Agreement on the Bangsamoro in 2013 between the Philippine government and the Moro Islamic Liberation Front.
RBOI was nominated by BSP-Cotabato Branch and won over other nominees due to the value, comprehensiveness and timeliness of the information and reports that the agency has provided to BSP.
As of July 2015, RBOI has recorded P1.8 billion worth of investments in ARMM. This is expected to increase to at least P5 billion before the year ends since major investments are in the pipeline.
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