MARAWI CITY, Lanao del Sur, April 10 (PIA) -- The regional government of the Autonomous Region in Muslim Mindanao (ARMM) signed a memorandum of agreement (MOA) with the Mindanao Development Authority (MinDA) to enhance its link to potential investors and fast-track investments in the region.
The MOA, which aims to boosts local and foreign direct investments in the autonomous region, was signed during the 1st ARMM Economic Summit held recently in Cotabato City.
With the MOA, MinDA and the ARMM regional government shall establish a one-stop shop that would facilitate business transactions faster, easier, and more convenient for prospective investors.
The partnership shall also embark on a strengthened campaign to promote and facilitate investments ranging from small and medium enterprises to agro-industrial ventures.
Currently, the ARMM-Regional Board of Investments in coordination with MinDA is facilitating the entry of two companies which are planning to expand their banana plantations in the region.
"Said investments are valued at P1.5-billion," said Mr. Larzon Santos, ARMM-Board of Investments research division chief.
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