The Mindanao Development Authority (MinDA) led a delegation of business leaders and private sector representatives to the 4th Philippines-Singapore Business and Investment Summit (PSBIS) in Singapore on Thursday, aiming to attract investments that could fuel Mindanao’s economic growth.
MinDA Secretary Leo Tereso Magno, the event’s key resource speaker, highlighted “Investment and Business Opportunities in Mindanao” during his presentation alongside other officials and business leaders from the Philippines and Singapore.
“We are honored to facilitate the participation of Mindanao’s private sector in this pivotal summit, which serves as a platform to promote Mindanao while fostering strategic partnerships with the private sectors of both countries,” Magno said in a statement.
He noted that Mindanao and Singapore share not only geographic proximity but also strong cultural and economic ties.
“We have a unique opportunity to build a prosperous future together. Mindanao is now ready to take a broader role in securing food, peace, trade, investment, prosperity, and a commitment to sustaining the global environment,” Magno said.
During his presentation, Magno emphasized Mindanao’s strategic advantages, including its large population and growing consumer market, positioning the region as a key investment destination.
“By leveraging its young workforce, expanding market, and geographic significance, investors can unlock significant growth opportunities in Mindanao,” he added.
Magno also underscored the region’s economic performance under President Ferdinand Marcos Jr.’s administration, with Mindanao recording an average growth rate of 6.2 percent, surpassing the 4.66 percent eight-year average.
On the summit’s sidelines, MinDA hosted a Mindanao Business Networking session, allowing Mindanao-based participants to engage with over 30 Singaporean business leaders to explore potential investment strategies.
“There are numerous business opportunities in Mindanao that we can seize and maximize under President Marcos Jr.’s leadership,” Magno said. (PNA)
