Sen. Bam: Mindanao to Become Magnet for Investors

With the signing of the Comprehensive Agreement on the Bangsamoro (CAB), Senator Bam Aquino expects Mindanao to become a magnet for businesses and investments that will boost its long-awaited economic development.

"Now that the CAB is signed, sealed and delivered, Mindanao will be an attractive destination for businessmen who will provide jobs and other livelihood in the region," said Aquino, Chairman of the Senate Committee on Trade, Commerce and Entrepreneurship.

Aquino also called the signing as "the start of the long-awaited development of the region known for its rich natural resources."

"With peace and security now at hand, the region's journey from decades of infamy to prosperity and economic growth now begins," the senator said.

The senator believes that the expected economic development will help uplift the lives of our brothers and sisters in the region, especially those living in war-torn areas.

"The arrival of businesses and other investments in the area will give them a chance to revive lost opportunities and due to the conflict," Aquino noted.

Aquino added that the government's quest for inclusive growth would be achieved, with Mindanao on its way to economic development.

At the same time, Aquino emphasized the importance of his "Go Negosyo Act" in helping Mindanao in development, saying it will open opportunities for small businessmen and entrepreneurs in the region.

The Act, which was passed on third reading by the Senate, calls for creation of Negosyo Centers, under the Department of Trade and Industry (DTI), in each city and municipality around the country.

Aquino said these Negosyo centers are designed to make it easier for entrepreneurs to register and start their own businesses, as well as gain access to sources of financing.

The Negosyo Centers will also provide courses and development programs, training, give advice on business conceptualization and feasibility, financing, management, capability building, human resources, marketing and other support services.