BARMM generates P3.2-B investments in three months

COTABATO CITY — Investors had poured in from January to March this year with P3.2 billion worth of capital for various business ventures in the Bangsamoro region, surpassing the regional government’s target of only P3 billion for the whole year.

Mohammad O. Pasigan, chairperson of the Bangsamoro Regional Board of Investments (BRBOI), and the region’s chief minister, Abdulrauf A. Macacua, separately told reporters on Sunday that the P3.2 billion worth capital inputs are earmarked for agriculture and agribusiness projects, including large-scale propagation of bamboos and abaca.

The BRBOI had approved in recent weeks the investment proposals by capitalists from outside of the autonomous region.

Mr. Pasigan and the entrepreneur-lawyer Ronald Hallid D. Torres, chairman of the Bangsamoro Business Council, separately said they are also gladly anticipating the establishment of a modern hospital in Marawi City. — John Felix M. Unson