BBOI approves two investments before February ends

(Cotabato City, February 27, 2023) – The regional Bangsamoro Board of Investments (BBOI-BARMM) convened on Monday, February 27, 2023 and approved the registration of two investments, the M & R Layer Poultry Farm and Timako Bay Seafood Resto with total investments of Php 129, 846, 100.00 and will generate 122 jobs.

The M & R Layer Poultry Farm is an agricultural and agribusiness producer of halal egg production and is located at Brgy. Buliok, Sultan Mastura, Maguindanao. It has a total project cost of Php 107, 346, 100.00 and will generate 92 jobs. The proponent is involved in commercial egg production of layer poultry farms.

“This is the second approved investment of the BBOI that focused on halal industry. BARMM is now in the process of developing and promoting halal industries as a mode of achieving equity and justice among our farmers and producers, and increasing employment opportunities for the domestic labor force. The region shall make halal more competitive, through, among others, research and product development, quality assurance measures, value-adding mechanisms, thereby making BARMM an active player in regional and international markets of halal products”, said Minister Taddik, Ex-officio member of the Board.

The Timako Bay Seafood Resto is a tourism-related facility and attraction located at Kalanganan II, Cotabato City. The total project cost of this restaurant is Php 22, 500, 000.00 and will generate 30 jobs. The proponent aims to come up with a halal restaurant by the beach type of ambiance. The restaurant will serve satisfying and savory seafood dishes. It will also offer catering services and a function hall that can accommodate a maximum of 200 heads.

“The coronavirus pandemic had a devastating impact on the restaurant industry. Hopefully, this registration will significantly increase the possibilities of putting up restaurants to boost the economy of the region”, said Gov. Ambolodto, Member of the Board of Governor.

“BBOI will exert more effort in promoting investments by conducting BARMM – wide Strategic Investment Priorities Plan(SIPP) consultations and will even goes out of its way to attract investors through business coaching and investment facilitation”, added Chairperson Pasigan.