COTABATO CITY: Investment pledges in the Autonomous Region in Muslim Mindanao (ARMM) grew by nearly 74 percent to P3.65 billion in the first six months of 2017 amid the conflict in Marawi City that started in the third week of May. The second is the P33.5-million cargo shipping project of J. Sayang Shipping Lines, Inc., also in Bongao, Tawi-Tawi, for inter-island trade as well as cross-border shipping with Sabah, Malaysia. The company’s original plan was to start with a rollout program in Marawi City. TierOne will eventually cover the entire region with its P3-billion investment, but can still expand and infuse additional capital as needed. In 2015, the agency recorded a total of P6.5 billion in investment pledges, the biggest in the history of the ARMM.

Source: Manila Times July 11, 2017 17:26 UTC