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P290-M banana investment project okayed in ARMM

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A multi-million investment is coming to the Autonomous Region in Muslim Mindanao (ARMM), particularly in Maguindanao, this year, an investment official announced Saturday.

A multi-million investment is coming to the Autonomous Region in Muslim Mindanao (ARMM), particularly in Maguindanao, this year, an investment official announced Saturday.

Lawyer Ishak Mastura, Regional Board of Investments in ARMM (RBOI-ARMM) chair, said the Board on Friday approved the PHP290-million investment application for the Cavendish banana plantation project of EKASALAM AgriVentures Corp. in Kauran, Ampatuan, Maguindanao.

Mastura said this is the first time in the history of the RBOI that the project registered was initiated by 100-percent Filipino investors from the locality, who managed to link with the international banana market, particularly Bahrain and other Middle Eastern countries.

See full article at Manila Bulletin

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