Malaysia says it is ready to help Mindanao out of poverty

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Malaysian businesses are ready to help the southern Philippine island of Mindanao out of poverty through targeted investments that would help the region develop its full potential, Malaysia’s special adviser on Mindanao, Kamarudin Mustafa, said, adding that a prerequisite for such an engagement would be lasting peace.

Kamarudin said Malaysian investors were encouraged to explore areas of Mindanao’s economic resources and help develop the region.

“Many Malaysian investors would love to go there for the great opportunities in the minerals and plantation sectors, among others,” he said.

“But, currently, the security situation is volatile and that is a problem… but, once stability sets in, investors will readily and happily come in,” he told the New Straits Times, adding that Kuala Lumpur would play its role in spurring investors to look Mindanao’s way.

The plan is based on the East Asean Growth Area (BIMP-EAGA) initiative, a sub-regional economic cooperation, comprising Malaysia, Brunei, Indonesia and the Philippines, founded in Davao City, Mindanao’s capital.

As a way towards peace, Kamarudin said that the root causes for problems prevalent in the area needed to be addressed, which was like the situation in Malaysia back in the 1960s.

“Everything there is expensive and the hardship is a daily grind,” he noted, adding that Kuala Lumpur hoped to be able to work with Manila and local authorities to develop the region and provide opportunities to everyone there.

“It is the poverty that is the main issue, so development is the next phase in our plan. Japan is also ready to help with social economic developments,” he said. 

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Reading Time: 1 minute

Malaysian businesses are ready to help the southern Philippine island of Mindanao out of poverty through targeted investments that would help the region develop its full potential, Malaysia’s special adviser on Mindanao, Kamarudin Mustafa, said, adding that a prerequisite for such an engagement would be lasting peace.

Reading Time: 1 minute

Malaysian businesses are ready to help the southern Philippine island of Mindanao out of poverty through targeted investments that would help the region develop its full potential, Malaysia’s special adviser on Mindanao, Kamarudin Mustafa, said, adding that a prerequisite for such an engagement would be lasting peace.

Kamarudin said Malaysian investors were encouraged to explore areas of Mindanao’s economic resources and help develop the region.

“Many Malaysian investors would love to go there for the great opportunities in the minerals and plantation sectors, among others,” he said.

“But, currently, the security situation is volatile and that is a problem… but, once stability sets in, investors will readily and happily come in,” he told the New Straits Times, adding that Kuala Lumpur would play its role in spurring investors to look Mindanao’s way.

The plan is based on the East Asean Growth Area (BIMP-EAGA) initiative, a sub-regional economic cooperation, comprising Malaysia, Brunei, Indonesia and the Philippines, founded in Davao City, Mindanao’s capital.

As a way towards peace, Kamarudin said that the root causes for problems prevalent in the area needed to be addressed, which was like the situation in Malaysia back in the 1960s.

“Everything there is expensive and the hardship is a daily grind,” he noted, adding that Kuala Lumpur hoped to be able to work with Manila and local authorities to develop the region and provide opportunities to everyone there.

“It is the poverty that is the main issue, so development is the next phase in our plan. Japan is also ready to help with social economic developments,” he said. 

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