Chinese take interest in BARMM as investment destination

📆 12/19/2022 10:20 AM
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Chinese investors are keen on putting up an automotive manufacturing company in BARMM, and mobile phone maker Huawei has also taken an interest in the region, says Bangsamoro Business Chamber president Ronald Dimacisil.

COTABATO CITY, Philippines – Some 500 Chinese firms have set their sights on the Bangsamoro Autonomous Region in Muslim Mindanao which a Chinese official cited as an emerging investment destination in the southern Philippines.

The Moro Islamic Liberation Front , an erstwhile secessionist rebel group, is now running the affairs of the autonomous region after the group forged a political settlement with the government. Chinese investors were keen on putting up an automotive manufacturing company in BARMM, and mobile phone maker Huawei has also taken an interest in the region, Dimacisil said.

Sinarimbo said the BARMM leadership was determined and has started implementing programs that were aimed at making the region a major investment destination in the eyes of the international community.

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