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PIA Press Release

MBC, ABC sign MOU; ARMM to be center of halal industry

COTABATO CITY (7 September) -- The leading business association in the country had formally signed a Memorandum of Understanding (MOU) with the autonomous region's business council on September 05, 2007 during the 6th Business Congress held here.

With over 700 business leaders representing 450 companies in the country, the Makati Business Club (MBC) through President Alberto Lim officially signed an agreement with ARMM Business Council (ABC) through Chairman Datu Haron Bandila.

"With our affiliation with ABC, we can help correct the negative image of the autonomous region," MBC President Lim said.

ABC Chairman Bandila showed off that the Autonomous Region in Muslim Mindanao (ARMM) is really an investment destination. "Aside from coconut, various varieties of rice and corn and other agricultural products, the region has vast lands. Our fishing ground is also huge. We can invite investors to utilize our lands and waters," Bandila claimed.

Lim added, "There's lot of opportunity in this region. The untapped resources make ARMM unique. There are lands, infrastructures and agribusinesses. These will bring in investors."

The MBC-ABC agreement hopes to promote the role of private sector in the autonomous region in nation development, expansion of networks and wider participation in socio-economic and political issues. "It is our mission to create linkages outside Metro Manila to exchange business ideas. From here, we can attract business ventures to ARMM," Lim vowed.

Moreover, ABC also signed another MOU with the Private Enterprise Accelerated Linkages Project Phase 2 Canadian International Development Agency (Pearl2-CIDA). The agreement was a project implementation making ARMM as the production and processing center of Halal in the country.

Vicente Lao, chairman of Mindanao Business Council asks the Department of Trade and Industry (DTI) and Department of Agriculture (DA) to rush up the Halal certification process while requesting ARMM to make Halal certification body.

"We need religious intervention. We'll glad to see the day that we can raise plenty of chickens and then export. The Mindanao Business Council is endorsing Halal certification board from ARMM to be the official Halal certifying body in the Philippines," Lao ended. (bpi-armm/PIA 12) [top]

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