Investments in BARMM down by 54% in 2022

By BONG S. SARMIENTO MindaNews

GENERAL Santos City – Investments in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) plunged by at least half to P1.3 billion in 2022 from P2.8 billion the previous year, data from the Bangsamoro Board of Investments (BBOI) showed.

Mohammad Pasigan, BBOI chair, pointed out the investments registered last year also fell short by 36 percent from the P2 billion target for 2022.

Year-on-year, investments in the Bangsamoro region were down by almost 54 percent, with Pasigan attributing the decline “to different restrictions that were beyond our control.”