THE Mindanao Development Authority (Minda) sees no slowdown in investments and projects in Mindanao even as it remains optimistic to meet growth target amid the crisis in Marawi.
According to Minda assistant secretary Romeo Montenegro, there has been no indication of slowing down or suspension of any investment projects on the island. He said there is also no report of production decline for agricultural exports from Mindanao.
“Across many areas of investments there has been no indicated slowdown or suspension of any investment projects resulting from the Marawi incident and there had been no specific reports of slowdown of production of many of our agri exports and some other products and the services sector,” he said.
But Montenegro said the tourism is affected but all other economic activities have remained generally “business as usual.
Montenegro said the business sector also plans to push specific efforts to bring back confidence of investors to do investments and economic activities in Mindanao.
He said they are reviving their efforts to undertake investment missions and trade promotion to provide an overall Mindanao situation because “what our potential investors might be reading abroad are stories that do not necessarily capture the full context of the island.” (pna)
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