BARMM Trade Ministry holds poultry industry investment forum, business matching in Sulu

By Julmunir I. Jannaral

JOLO, Sulu — The Bangsamoro Ministry of Trade, Investments, and Tourism (MTIT), in cooperation with the Philippine Halal Manok Corporation (PHMC), Landbank of the Philippines (LBP) and Amanah Islamic Bank (AIB), conducted in this province recently a poultry industry investment forum and business matching.

Lawyer Sukarno Abbas, MTIT deputy minister on Tuesday said the poultry industry forum was aimed at accelerating the growth of poultry industry in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM).

The activity, attended by some 270 individuals who are mostly potential poultry investors, also sought to business match the industry players, connecting each other’s resources, services, expertise, and capital to realize an investment opportunity.

Abbas stated that due to the ongoing pandemic, BARMM has recorded the biggest annual decline of -50.6 percent in poultry products from 1,708 metric tons lightweights in the first quarter of 2020 to 844 metric tons lightweights in 2021’s first quarter.

“For this reason, we are conducting this activity to help revive this industry by providing investment information, capability, and opportunities to those who are willing to venture into the poultry business,” Abbas said.

Meanwhile, MTIT Minister Abuamri Taddik encouraged the participants to invest and venture into the poultry business given that the province mainly rely chicken and egg production from Zamboanga City.

“Indeed we have so much opportunities and more untapped resources to be developed in Sulu Province. What we need is to encourage our Bangsamoro businessmen to invest and invite foreign investors to forge joint ventures,” Minister Taddik said.

 “I am asking you to continue the new phase of our struggle that is, liberating our people from the bondage of poverty by becoming more productive, innovative, creative and responsive to the needs of our Bangsamoro people,” he added. (JIJ)

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