Sectors in BARMM elated with ADB's support for 'blue economy' activities

Members of the business community in the Bangsamoro region were elated with the reported commitment by the Asian Development Bank of a US$400 million grant for regional economic programs and the protection of fishing grounds in Mindanao’s territorial seas.

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The entrepreneur-lawyer Ronald Hallid Dimacisil, chairman of the Bangsamoro Business Council, told reporters on Saturday that they learned about the ADB’s allocation of the huge amount for development initiatives from Bangsamoro Chief Minister Abdulrauf Macacua and other regional officials who were part of the entourage of President Ferdinand Marcos, Jr. to the Association of Southeast Asian Nations Summit and the Brunei-Indonesia-Malaysia-Philippine East Asian Growth Area conference in Kuala Lumpur, Kuala Lumpur, Malaysia early this week.

“We are thankful to the President for letting officials of the Bangsamoro Autonomous Region in Muslim Mindanao join him in his official engagement in Malaysia. We are delighted with such a gesture by the Asian Development Bank for it will surely boost commerce and trade in the autonomous region and in other regions around,” Dimacisil said.