President Aquino said sustaining the economic growth achieved in 2012 would be among the serious challenges his administration would face in the next three years.
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.
President Benigno Aquino is upbeat about the prospects of the future Moro homeland in Mindanao, Bangsamoro, especially as a hub of information technology (IT) and business process outsourcing (BPO) companies.
Malaysia’s Felda Global Ventures, the world’s largest crude palm oil producer, is the first foreign investor to evince interest in Mindanao after the government agreed on a historic peace deal with Moro rebels, potentially opening up tracts of farm land.
The Moro Islamic Liberation Front (MILF) warned on Saturday that the peace process could be jeopardized by the Aquino government’s allowing of foreign companies to conduct off- and on-shore oil explorations in areas seen by the rebel group as part of the Bangsamoro ancestral domain.
