NextGen Day

The registration of three projects in the region totaling PHP475 million has been approved, according to a Monday announcement from the Bangsamoro Board of Investments in Muslim Mindanao (BBOI-BARMM).

The new investment projects were named the Beauty of Life Beach Resort, KS Agricultural Products Trading, and Shahada Medical and Diagnostic Clinic by BBOI-BARMM Chairperson Mohamad Omar Pasigan.

A tourist-related facility and attraction in Barangay Kusiong, Datu Odin Sinsuat, Maguindanao, The Beauty of Life Beach Resort is a sole proprietorship corporation that is 100 percent owned by Filipinos.

According to Pasigan, the resort will employ at least 44 people and have a total anticipated cost of PHP295 million.

It is the first beach resort of its kind to be registered in the area. It provides tourists and BARMM visitors with a way to experience the size of the ocean. Great facilities and contemporary amenities can be found at the resort, according to Pasigan.

“Hopefully, additional beach resorts will follow,” he continued, “and that will provide a much-needed boost to help maintain numerous tourism destinations and businesses in the region and will continue to be a vital driver of recovery.” The Covid-19 pandemic is particularly severe on the tourism economy.

The second investor, KS Agricultural Products Trading, is also a sole proprietorship company with 100 percent Filipino ownership that specializes in raising and processing halal poultry.

The company’s project, which would employ roughly 150 locals and cost about PHP149 million in total, is located in Barangay Kamasi, Ampatuan, Maguindanao del Sur.

Pasigan claimed that the proposal’s backer is a halal poultry broiler company. The business produces corn, palay, copra, and malunggay in a halal feed mill and works as a poultry dressing plant.

“The region’s halal industry is being supported by the Ministry of Agriculture, Fisheries, and Agrarian Reform (MAFAR). And we are delighted that there is now halal poultry in the area, said Mohammad Yacob, Minister of MAFAR and ex-officio Board Member.

Yacob continued, “The BARMM government would tighten rules on halal certification for goods in the area, especially where the bulk of the population is Muslim.

The first hospital to register in the area is the Shahada Medical and Diagnostic Clinic.

One hundred percent owned by Filipinos, the PHP30 million medical and diagnostic center is located in Rosary Heights 13, Cotabato City. It is anticipated that it will create 20 employees.

The new health facility is an indication that investments are flowing in, according to Minister Abuamri Taddik of the BARMM Ministry of Trade, Investment and Tourism and a member of the BBOI. He said that the private health sector is expanding quickly.

The fundamentals that drive demand—population growth, rising life expectancy, rising illness loads, and patients’ needs for care—suggest that this trend will continue, according to Taddik.

The BBOI expressed confidence that the number of investments in the works will approximate PHP2 billion this year.

Save/Share this story with QR CODE

---

Disclaimer

This article is for informational purposes only and does not constitute endorsement of any specific technologies or methodologies and financial advice or endorsement of any specific products or services.

📩 Need to get in touch?

📩 Feel free to Contact NextGenDay.com for comments, suggestions, reviews, or anything else.

---

We appreciate your reading. 😊Simple Ways To Say Thanks & Support Us:
1.) ❤️GIVE A TIP. Send a small donation thru Paypal😊❤️
Your DONATION will be used to fund and maintain NEXTGENDAY.com
Subscribers in the Philippines can make donations to mobile number 0917 906 3081, thru GCash.
3.) 🛒 BUY or SIGN UP to our AFFILIATE PARTNERS.
4.) 👍 Give this news article a THUMBS UP, and Leave a Comment (at Least Five Words).

---

AFFILIATE PARTNERS

World Class Nutritional Supplements - Buy Highest Quality Products, Purest Most Healthy Ingredients, Direct to your Door! Up to 90% OFF.
Join LiveGood Today - A company created to satisfy the world's most demanding leaders and entrepreneurs, with the best compensation plan today.

---