DAVAO CITY (MindaNews / 19 Aug) – An executive of the Information and Communications Technology (ICT) Davao said the passage of the Bangsamoro Basic Law (BBL) will attract more investors to come to Autonomous Region for Muslim Mindanao (ARMM).

In an interview on Wednesday at the Information and Communications Technology (ICT) Chief Executive Officers’ Conference during the Livelihood Exchange (Livex Exchange) Philippines 2015, ICT Davao president Atty. Samuel Matunog said economic development cannot prosper in the autonomous region if the peace process cannot be sustained.

“The BBL is a good start. It will keep the (development) projects away from the violence,” he said.

The entry of the $300-million Best submarine fiber optic cable project will keep the influx of businesses to ARMM as the business confidence among the investors improves, Matunog said.

“This is a large amount of money. If conflicts continue, it’s not a good environment for investors,” he said.

Matunog added that ICT Davao is supporting all initiatives to attain peace in Mindanao.

Earlier, ICT Davao vice president Lizabel Holganza cited the need for ARMM to develop local talents in order to sustain the operations of the companies who are planning to invest there that will promote growth in Mindanao.

In her message, Mindanao Development Authority (MinDA) secretary Luwalhati Antonino said the island has maintained a resilient economy posting a 7.[]