EAGA Networking release

ASIAN CONNECTIONS Secretary Datu Abul Khayr Alonto, (left) chairperson of the Mindanao Development Authority and Philippine Signing
Minster for the Brunei Darussalam Indonesia Malaysia the Philippines East ASEAN Growth Area (BIMP-EAGA), Ambassador Extraordinary and
Plenipotentiary of the Republic of Indonesia to the Philippines Johny Lumintang, and Economic and Commercial Counsellor Jin Yuan of the
Ministry of Commerce of the People’s Republic of China attend the BIMP-EAGA Business Networking Session held Monday in Puerto Princesa City, Palawan.
The session aims to strengthen the participation of EAGA business groups in exploring private sector-led projects designed to accelerate trade and increase investments in the sub-region.

 

PALAWAN, Philippines – In support to the development goals of the Brunei Darussalam Indonesia Malaysia the Philippines East ASEAN Growth Area (BIMP-EAGA), business groups from the sub-region meet to explore private sector-led projects designed to accelerate trade and increase investments among member countries.

Dubbed as the BIMP-EAGA Business Networking Session, the event serves as a venue for the business players from different sectors to build and strengthen linkages with their BIMP-EAGA counterparts. It also aims as pursue global opportunities for EAGA business players as one sub-regional business bloc through the BIMP-EAGA Business Council (BEBC).

The networking session is a side event to the BIMP-EAGA 25th Senior Officials and 20th Ministerial Meeting, which opened here on Sunday at the Princesa Garden Island Resort and Spa. It is being organized by the Mindanao Development Authority (MinDA) and Department of Trade and Industry (DTI) with support from the BEBC, the Palawan Economic Development Council, the Puerto Princesa Chamber of Commerce, the Provincial government of Palawan, and the Mindanao chambers of commerce.

“Our primary goal in conducting this event is to find ways in working together to create more economic opportunities among the private sector players within the sub-region particularly benefiting our micro, small and medium enterprises,” said Datuk Roselan Johar Mohamed, BEBC chairperson.

He added that the BEBC council will continue to support the five pillars of the BIMP-EAGA and pursue investment projects that prioritize the sub-region’s thrusts such as renewable energy, tourism, infrastructure, connectivity, and agribusiness, among others.

To date, some of the current projects initiated by the BEBC include the power link between Kudat, Sabah and Bulliluyan in Palawan, the expansion of seaweed farming and the implementation of best practices spearheaded by Malaysia, and the facilitation of agri-entrepreneurship graduates through a partnership with Sandakan Polytechnic and BEBC Sabah.

The networking session is also expected to come up with project proposals leading to partnerships that will further contribute to achieving the goals of the BIMP-EAGA Vision (BEV) 2025.

“There is no doubt that our private sector truly serves as EAGA’s engine of growth, and I am glad to witness their active participation as they once again converge for a networking session,” said MinDA Secretary and Philippine Signing Minister for BIMP-EAGA Datu Abul Khayr Alonto.

He said the government sector will continue its collaborations with the private sector by providing the enabling environment for businesses to thrive and flourish in BIMP-EAGA.

“The continued partnership of the government and private sector in BIMP-EAGA throughout the years simply proves that economic development is a goal that is better achieved when we work together,” Alonto added.

BIMP-EAGA is a sub-regional cooperation intended to spur development in the sub-economies of its member countries by pursuing programs and projects through public and private partnerships. Mindanao and Palawan are the two focus areas of the Philippines in the sub-regional grouping.

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