The Philippines -- the 10th fastest growing economy in the world and first in Asia in the first quarter of 2017 -- now became the hub of Asian major forums and summits, hosting state leaders of the world including the United State of America, the People's Republic of China (PRC) and the Russian Federation.
Under the leadership of President Rodrigo Roa Duterte who is this year's chairman of the Association of Southeast Asian Nations (ASEAN) group, the Philippine turn out to be destination of the world investments who wish to explore opportunities in various sectors and industries while Philippines Economic Zone Authority (PEZA) provides competitive incentives to foreign investors.
Thanks to the president successful war against illegal drugs, corruption and crimes that restored investor's confidence, making the country safer, conducive and friendlier to serious and legitimate businessmen, traders and entrepreneurs.
The current administration prioritizes Mindanao – the food basket of the country -- where the three top leadership of the country hail from, including the president himself, senate president and the House Speaker of the Congress.
Mindanao is a haven of biodiversity and cultural heritage and blessed with a strategic geographical location adjacent to progressive neighboring countries such as Malaysia, Singapore and Brunei.
After the five-month long crisis in Marawi City since the attack of Maute group on May 23, the Philippine government as well as foreign and local concerned private individuals and groups are planning the rehabilitation and rebuilding of the Islamic City of Marawi. Countries like China, Japan, Russia and Australia and many others pledged financial aid and other assistance such as heavy equipment.
In this context, the Bangsa Moro Federal Business Council (BFBCI) is organizing the upcoming Global Economic Summit to be held in the first quarter of 2018 in Manila, in cooperation with the top business groups and entities in the country including Makati Business Club, Philippines Business for Social Development (PBSD), and ASA Philippines foundation. The Saudi flag carrier airline Saudi Airline has committed to be the principal sponsor for the Summit.
BFBCI (bfbci.com) is a non-stock, non-profit domestic corporation organized under Philippine Laws and registered at the Philippines’ Securities and Exchange Commission. It is organized to further the economic interest of the Bangsa Moro; to advocate economic programs designed to uplift the economic condition of the Bangsa Moro; among others and the mandate to conduct a regular Bangsamoro Economic Summit where economic development concepts are catalyzed.
The proposed First Bangsamoro Global Economic Summit will put on centerstage the massive economic activities that will be generated in the Marawi City rehabilitation, reconstruction and recovery master plan. This will present an enormous opportunity to the private sector for partnership and cooperation with the Government. An expert urban planner claimed it will need 8 Billion Dollars or 420 Billion Pesos to rebuild the City.
The conference shall be set for a two-day affair with about 400-500 participants expected to attend including several cabinet members, economic leaders and reputable foundations. The conference shall focus mainly on following points:
• The rehabilitation and reconstruction of Marawi City
• Government can offer to the Private Sector and Vise-versa.
• Investment Strategies of foreign and local investors for the Bangsa Moro.
• Developing industries in the Bangsa Moro and Job Creation.
• Establishment of Financial Institutions in the Bangsa Moro particularly Shari’ah Compliance financing.
• Development of the Halal industry in the Philippines.
- To discuss options to maximize efforts in rebuilding and reconstruction of Marawi City with Public Private Partnerships;
- To provide a comfortable environment for investors coming from the Middle-East and Muslim Countries; and
- To provide investment opportunities within the Bangsa Moro, more particularly in the Halal industry and Shariah compliance banking.