NEWS




3September
Photo courtesy by (Mark Balmores / Manila Bulletin File Photo)

Mindanao Business Groups has high hopes lasting peace will finally prevail with BOL

Cotabato City–Business groups in Mindanao has high hopes that lasting peace will be finally achieved with the signing of Bangsamoro Organic Law (BOL).

Mindanao Business Council (MBC) chairman Vicente T. Lao hopes lasting peace and prosperity may finally afford the Moro people with the new law, the Manila Bulletin quoting him saying.

Davao City Chamber of Commerce and Industry Inc. (DCCCII) President Arturo Milan echoed the same sentiment and pointed out that the Moro people will finally be granted what they’ve sought for in a long time – self-governance and self-determination, the Manila Bulletin also said in its report on September 2.

“The way I’m looking at it the Moro are really tired also of the war, of the conflict,” he added.

They wanted peace. I know they are also peace loving, given this expanded autonomy, this will result really in peace especially the entire island of Mindanao,” he also said.

In the same article by Manila Bulletin, Milan cited a World Bank study called “Philippines Mindanao Jobs Report” released this year that highlighted the importance of Mindanao, saying it was hard to see how the Philippines can achieve sustained and inclusive growth without development in Mindanao.

“I’m optimistic the law would enable an environment that will encourage the promotion of peace to attract investments to the Bangsamoro area, but also emphasized this should be a shared responsibility between Christian and Moro people to build a better future of Mindanao where progress and development are finally at-hand,” the Manila Bulletin quoted him saying.

Milan believed in the potential of the Bangsamoro territory to become Mindanao’s next investment destination.

“We cannot grow as a country if Mindanao is pulling it down because of insufficient contribution to the gross domestic product. If we want to attract an inclusive growth, it’s very vital that there is peace in Mindanao. Davao City cannot bring the entire Mindanao up in terms of contribution,” he said.

He added that Bangsamoro offers promising opportunities for new investors to explore this territory, most especially the 288,000-hectare Liguasan Marsh which is believed to have huge untapped fossil fuel reserves. (Source: Manila Bulletin)