The Philippines — the 10th fastest growing economy in the world and first in Asia in the first quarter of 2017 — has become the hub of Asian major forums and summits, hosting state leaders of the world including those of 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 was the chair of the Association of Southeast Asian Nations (ASEAN) in 2017, the Philippines turn out to be destination of investments from all over the world. Companies from all over come here to explore opportunities in various sectors and industries while various government agencies like Philippines Economic Zone Authority (PEZA) provide competitive incentives to foreign investors.
Thanks to the President’s successful war against illegal drugs, corruption and crime, investor’s confidence has been restored. The government has made the country safer and conducive to investments from foreign and local businessmen, traders and entrepreneurs.
The current administration prioritizes Mindanao – the food basket of the country — where the President himself comes from. 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, to which it has cultural and historical ties.
After the five-month long crisis in Marawi City, 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.
In this context, the Bangsa Moro Federal Business Council (BFBCI) is organizing the upcoming First Bangsa Moro Global Economic Summit to be held on June 27, 2019 at the Manila Hotel, in cooperation with the top business groups and entities in the country including the Makati Business Club, Philippines Business for Social Development (PBSD), and ASA Philippines foundation. The Saudi flag carrier Saudi Airlines has committed to be the principal sponsor for the Summit.
The proposed First Bangsa Moro Global Economic Summit will put on center stage 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 estimated that it will need eight Billion Dollars or 420 Billion Pesos to rebuild the City.
The conference shall be set for a one-day affair with about 300 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
- What the Philippine government and BARMM 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-compliant 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.
About Bangsa Moro Federal Business Council, Inc. (BFBCI):
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 interests of the Bangsa Moro; to advocate economic programs designed to uplift the economic condition of the Bangsa Moro; and the mandate to conduct a regular Bangsa Moro Economic Summit where economic development concepts are catalyzed.
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The Manila Hotel is located by the picturesque Manila Bay at heart of Manila, Philippines. With a legacy of service spanning 100 years, it is the only hotel in the country that perfectly mirrors the best of Filipino culture, history, and hospitality. This makes Manila Hotel more than a hotel but a national landmark that is genuinely and truly Filipino. In addition, it has over 500 rooms and suites and has function rooms that can accommodate up to 2,500 guests. Its line-up of elegant restaurants offers Chinese, French, Continental, Western, Japanese, and native cuisines. The Manila Hotel also has a pool, a newly opened Spa and Health Club that are complete with state-of-the-art equipment and facilities.