Quantcast
Latest Stories

Mindanao open for business, Malaysians told

By

Philippine Ambassador to Malaysia Eduardo Malaya. Photo from J Eduardo Malaya Facebook account

Buoyed by the positive outlook arising from the initial peace agreement signed with the Moro Islamic Liberation Front (MILF), the government held the first-ever Mindanao Business Networking Forum in Kuala Lumpur, Malaysia, to attract investors to Mindanao and hasten the development of the region.

Hosted by the Philippine Embassy in Kuala Lumpur and the Mindanao Development Authority (MinDA), the forum held on Nov. 29 “generated significant interest… and is expected to lead to sizeable investments in the region,” the Department of Foreign Affairs (DFA) said Monday.

The forum was held amid renewed domestic and international business confidence generated by the forging of a peace pact between the government and the MILF following October’s signing of the Framework Agreement on the Bangsamoro, which is seen to finally end the decades-old conflict in the region.

“Our undertaking today, together with many other similar initiatives, underscores the commitment of the Aquino administration to bring the fruits of development to the peoples of Mindanao… Our presence here today, we are collectively announcing to the world that Mindanao is finally open for business,” said Philippine Ambassador to Malaysia Eduardo Malaya in his remarks at the forum.

Malaya cited Mindanao’s potential in various fields and called it “a new engine of growth” for the Brunei-Indonesia-Malaysia-Philippines East Asia Growth Area (BIMP-EAGA).

During the forum, Philippine officials and about 45 Mindanao-based businessmen networked with some 70 Malaysian businessmen and trade officials.  Among those in attendance were Malaysian Deputy Secretary General for Trade Mohd Ridzal Sheriff and the heads of top Malaysian business chambers.

Palm oil, rubber, coconut

The DFA said the investors expressed interest in joint ventures with Filipino firms on natural resource development, including palm oil, natural rubber and coconut, and ecotourism.

Malaysian investors also saw Mindanao’s potential for halal food development, finance, housing and infrastructure development, and information and communications technology, said the DFA.

Sheriff said the development of Mindanao as a new growth area would boost the economic partnership between the Philippines and Malaysia.

“Mindanao has vast potential which remains untapped. It is my hope that Malaysian businessmen can benefit from the presentations and that investment promotion programs will be intensified,”  Sheriff told the forum.

Malaysia played a crucial role in the government-MILF peace negotiations, serving as host for the talks.


Follow Us


Follow us on Facebook Follow on Twitter Follow on Twitter


Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: Business , Foreign Affairs , Global Nation , Government , Investments , Malaysia , MILF , Mindanao , peace process

  • http://www.facebook.com/mike.jafar Mike Jafar

    aso lang ang walang kunsinsya sa mga bakwit at mga namatay dahil sa gera sa mindanw

  • http://www.facebook.com/mike.jafar Mike Jafar

    Malaysian lang ang maka awat s gulo s mindanw , ikw  wala kang kwenta , hayop ka,wala kng modo



Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94
Advertisement
Advertisement

News

  • Prosecutor says mate in SKorean ferry steering waters for 1st time
  • Malaysia asks world to pray for missing plane clue
  • 13th body pulled from snow in Everest avalanche
  • Pope sends condolences for S.Korea ferry victims
  • Drone kills 15 ‘Qaeda,’ 3 civilians in Yemen – security
  • Sports

  • MLB pitcher donates $100,000 for Sewol ferry victims
  • Hamilton takes pole at Chinese Grand Prix
  • Duke’s Rodney Hood joining Jabari Parker in NBA draft
  • Phelps entered in 3 events at comeback meet
  • Boston prepares for huge wave of marathon visitors
  • Lifestyle

  • Levine designs womenswear with help from fiancee
  • Gabriel Garcia Marquez, Nobel laureate, dies at 87
  • Ford Mustang turns 50 atop Empire State Building
  • Pro visual artists, lensmen to judge Pagcor’s photo contest
  • ‘Labahita a la bacalao’
  • Entertainment

  • Myx TV premieres Asian American ‘docu-series’
  • A nutty finale for ‘Scandal,’ TV’s craziest show
  • EXO postpones release of mini album ‘Overdose’
  • ‘X-men’ filmmaker slams ‘fabricated’ sex attack claims
  • Singer Chris Brown’s bodyguard on trial in DC
  • Business

  • Fiat-Chrysler to produce iconic Jeep in China from 2015
  • US commerce secretary spells out economic facet of ‘pivot to Asia’
  • Italy sells luxury state cars on eBay
  • Asian shares mostly up in quiet trade
  • Dollar up in Asia on US jobs data, Ukraine deal
  • Technology

  • Nasa’s moon-orbiting robot crashes down
  • Netizens pay respects to Gabriel Garcia Marquez
  • Nokia recalls 30,000 chargers for Lumia 2520 tablet
  • Facebook rolls out ‘nearby friends’ feature
  • Netizens seethe over Aquino’s ‘sacrifice’ message
  • Opinion

  • Editorial cartoon, April 17, 2014
  • A humbler Church
  • Deepest darkness
  • ‘Agnihotra’ for Earth’s health
  • It’s the Holy Week, time to think of others
  • Global Nation

  • 5 Filipinos with MERS in UAE reported in stable condition
  • PH boosts MERS monitoring after UAE nurse scare
  • Canadians back PH plea to take back waste
  • We treasure our Sierra Madre
  • OFW from UAE tests negative for MERS-Cov–health chief
  • Marketplace