Skip to content
The Mindanao Examiner Regional Newspaper

The Mindanao Examiner Regional Newspaper

Title

Name

Primary Menu
  • Home
  • Mindanao
  • Visayas
  • National
  • Features
  • Opinion
  • Business
  • International
  • SciTech
  • Health & Wellness
  • Sports
  • About Us
    • Regional Advertising Rates
    • Contact Us
    • Profile
  • Home
  • Business
  • ARMM attracts another major investment
  • Business
  • Featured
  • Mindanao Post

ARMM attracts another major investment

Chief Editor July 21, 2015

COTABATO CITY – The Autonomous Region in Muslim Mindanao’s (ARMM) Regional Board of Investments (RBOI) continues to lure more private projects.

On July 20, the RBOI Board of Governors, in a joint meeting with the members of the Management Committee in Davao City, approved the registration of DS3 Fuel Tanking and Services Inc., a P252-million petroleum project located in Polloc Free Port, Parang, Maguindanao.

The project is the fourth registered by the agency this year after Chan C. Mining Inc., Lamsan Power, and Tawi-Tawian Petroleum Trading. As of date, ARMM has recorded P1.8 billion in total investments for 2015.

The DS3 Fuel Tanking and Services Inc. is engaged in providing storage facilities, marketing and distribution of petroleum products. The company will be involved in the construction and operation of oil depots with total capacity of 23 million liters per annum.

Lawyer Ishak Mastura, RBOI chairman, said the “DS3 is the first foreign investor to invest in the downstream oil industry in the region highlighting business confidence among foreign investors in the region.”

He added that “(DS3) is a strategic investment because it can provide common service facilities for the different oil distribution industry players in the region and the presence of an oil depot and oil storage facilities can possibly reduce the retail price of oil products in the region.” (Bureau of Public Information)

fb-share-icon
Tweet 20

Continue Reading

Previous: Sayyaf releases kidnapped teener
Next: ARMM launches road mapping and management system

Related News

JeromeMabaso_ JGF-1
  • Business

How a Teacher is Cultivating the Future of Agriculture, One Batch of Scholars at a Time

Editor June 19, 2025
HONOR-400
  • Business

HONOR Welcomes Julia Barretto and Joshua Garcia as its First Brand Ambassadors

Editor June 18, 2025
UNIQLO_logo.svg
  • Business

More Provinces Now Have Access to LifeWear as UNIQLO Opens New Stores Nationwide

Editor June 18, 2025

Trending News

Russian official claims nations ready to supply Iran with nuclear weapons Dmitry-Medvedev 1
  • International

Russian official claims nations ready to supply Iran with nuclear weapons

June 23, 2025
Nuclear watchdog condemns US attack on Iranian nuclear sites as ‘illegal’ Iran-Nuclear-Sites-target 2
  • International

Nuclear watchdog condemns US attack on Iranian nuclear sites as ‘illegal’

June 23, 2025
PH gov’t hits country’s ‘false ranking’ as least safe for travelers Christina-Frasco-Dot 3
  • National
  • Tourism

PH gov’t hits country’s ‘false ranking’ as least safe for travelers

June 19, 2025
PhilHealth’s New Benefits for Post-Kidney Transplantation Services PhilHealth-Artcard 4
  • Health
  • National

PhilHealth’s New Benefits for Post-Kidney Transplantation Services

June 19, 2025
How a Teacher is Cultivating the Future of Agriculture, One Batch of Scholars at a Time JeromeMabaso_ JGF-1 5
  • Business

How a Teacher is Cultivating the Future of Agriculture, One Batch of Scholars at a Time

June 19, 2025
  • Facebook
  • X
  • YouTube
  • Blog
Copyright © 2025. The Mindanao Examiner Regional Newspaper. All Rights Reserved. | MoreNews by AF themes.