With the inauguration of the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) last 28th of March, peace is finally at hand in Mindanao and the Philippines as a whole. At the inauguration, President Rodrigo Roa Duterte said: “Before I end, let me repeat and reiterate my solemn promise to you — a sacred one which I also promised to Allah. With his blessings, that in my term, and for the next three years, we will all work and truly work for the benefit of the Bangsamoro people.” He further said: “To my dear Bangsamoro sisters and brothers … the power to chart the course of your region’s future is now in your hands.”
With this promise, the President and the BangsaMoro people, together with the whole Filipino nation, can start the road to peace, progress and prosperity in BARMM as well as the whole Mindanao. And this will only be possible with the cooperation of private and public enterprises from here and abroad.
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 August 19, 2019 at the Manila Hotel, in cooperation with the top business groups and entities in the country including the Filipino-Chinese Chambers of Commerce and Industry, and the Malaysian Chamber of Commerce-Phil.
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.
For more info, go to the conference website: