Bangsamoro deal draws investors in ARMM

Posted at 11/14/2012 8:51 PM | Updated as of 11/14/2012 8:51 PM

COTABATO CITY, Philippines -- After the signing of the framework agreement between the government and the Moro Islamic Liberation Front (MILF), and under the new leadership of Autonomous Region in Muslim Mindanao (ARMM) acting Governor Mujiv Hataman, investments have started to pour in the region.

Hataman told ABS-CBN News that investors and businessmen from foreign countries are now seeking to invest in ARMM.

The official said good governance, credit rating upgrades, the peace deal between the government and MILF, and President Benigno Aquino's anti-corruption campaign helped in bringing investments in ARMM.

"Actually sila na yung lumalapit ngayon, nakita nila na maganda takbo ng pamamahala, at second yung framework agreement. Nagkaroon sila ng hope...at siyempre yung credit rating ng pangulo sa anti-corruption at good governance campaign, talagang nakatulong. So lahat yung investment, hindi lang sa national, dito rin sa region nakita nila na potential yung governance at gumagalaw plus framework agreement so nakatulong ng malaki," Hataman said.

Del Monte Fresh Fruits and its subsidiary "Delinanas" invested over P500 million in Datu Abdullah Sangki town in Maguindanao on Tuesday. It will provide job opportunities for over 800 residents in the area, he said.

Hataman also said Del Monte already has expansion plans in other towns in Maguindanao.

The ARMM government is also stirring a meeting with at least five investors from Malaysia this month. He said the investors are interested to help ARMM in terms of agriculture, ports development and information technology.

Hataman is optimistic that this will boost the region's economy and will improve the people's lives.