Bangsamoro Autonomous Region in Muslim Mindanao Administrative Building. (BARMM Facebook) COTABATO CITY - The Bangsamoro Board of Investments in the Bangsamoro Autonomous Region in Muslim Mindanao (BBOI-BARMM) on Friday announced the registration approval of two new investments in the region worth PHP408 million. In a statement, Ishak Mastura, BBOI-BARMM chair, identified the new investments as the 2,000-hectare industrial corn plantation of the Lanao del Sur Corn Development Corp. (LDSCDC), and the Halal certification project of the Prime Certification and Inspection Asia Pacific, Inc. or PRIME Certification. "With the peace and order situation immensely improving, and political stability gaining ground in the region, it is the best time to invest in the BARMM," Mastura, a lawyer, said. Regarding the LDSCDC investment, he said the corn plantation would rise in Wao and Amai Manabiling towns in Lanao del Sur. As for PRIME's Halal certification project, Mastura said the und
Prime Certification and Inspection, a subsidiary of the United Arab Emirates – based Prime Group of Companies, has been recognized by the Saudi Food and Drug Authority (SFDA) and the only Philippine halal-certifying body authorized to give certification for food exports bound for the Kingdom of Saudi Arabia.
In a statement, Prime said this followed after new regulations were implemented by the Saudi government last November 2020 stipulating that meat, poultry, and their derivative products can only be exported to the country if they have halal certificates issued by a body accredited and approved by the SFDA, which regulates food, drug, and medical devices both imported and domestic for the conservative Islamic country.The new regulation comes as the global halal food industry continues to grow with a total deal value of $6.3 billion in 2020.
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