Safe to invest, says Mindanao BEBC
Published on: Wednesday, June 12, 2019
By: Nikko Fabian

KOTA KINABALU: The BIMP-EAGA Mindanao Business Council strongly encouraged investors from member countries particularly Sabah, to seriously consider the newly established Bangsamoro State (Bangsamoro Autonomous Region in Muslim Mindanao or BARMM) for their business expansion.

Its Chairman Mohammad Faizal Jamalul said the investment atmosphere in the country had been positively changing under the Duterte administration.

He said the number of foreign investors from various developed countries are increasing due to the effective policies implemented by the government.

“Many foreign investors like those from Japan, China, United Kingdom, Russia, including other neighbouring countries are now coming to the Philippines ....These investors has also realised the business potentials available in Mindanao,” he stressed.

While in Tokyo recently, Duterte assured investors and donors that their money is safe in the Philippines, citing his crackdown on corruption and economic reforms toward a viable business environment.

Duterte said good governance has made it possible for his administration to create an enabling environment that allows businesses and investments to prosper. 

“Who wants investments? Who wants it? My country needs it. Now the investors, be it a Japanese, a Chinese, the first thing is: is our money safe? Well in my term, it is safe,” Duterte said during the 25th Nikkei Future of Asia Conference in Tokyo.

“Is there no corruption? There is no corruption. I have killed all of them already. Some but not all,” he joked, drawing laughter from the audience, which included political, economic and academic leaders from Asia Pacific.

Faizal said security, political and economic stabilities continue to improve in the entire area in Mindanao...this is the very reason why foreign investors are now looking Mindanao particularly the Bangsamoro State as potential for business expansions.

Faizal who is also the President of Zambasulta Traders Association cum mayor-elect for Turtle Islands (Taganak) Municipality in Tawi-Tawi said Malaysian businessmen and investors need not fear when doing business with Philippines.

Faizal said central Mindanao is now “relatively peaceful” following the ratification of the Bangsamoro Organic Law. The law, which seeks to correct the historical injustices against the Moros, created a new Bangsamoro region with enhanced autonomy.  


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