‘Bangsamoro needs good governance to lure investors’

Military trucks drive past destroyed buildings in war-torn Marawi City. AP

MANILA – Good governance, not just political stability, in the Bangsamoro will help lure investors, an analyst said, ahead of next week’s plebiscite to approve the composition of the expanded region.

The Bangsamoro Organic Law can help end the decades-long conflict in the south, but investors will look for improvements in decision-making, project implementation and law enforcement, said Teneo Holdings managing director for Southeast Asia Bob Herrera-Lim.

Developments such as building basic infrastructure and training human capital, however, will take time, Herrera Lim told ANC’s Market Edge.

“I think investors will still look for concrete improvements in how the system performs and how the system functions and that definitely will take time because it requires training, it requires investments in infrastructure, in human [capital],” he said. (ABS-CBN News)

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