| Strategic Location
|
Central Mindanao shares with Western and
Southern Mindanao a strategic location in the East ASEAN Growth Area (EAGA).
Cotabato City, Central Mindanao’s commercial hub and seat of government
of the Autonomous Region in Muslim Mindanao (ARMM) is at the delta of the
Rio Grande de Mindanao, a commercial artery to the Mindanao heartland. |
| Economy |
The Cotabato-ARMM cluster is agriculture-based with comparative
advantages in crops, livestock and poultry, and fisheries. |
| Resources |
The vast fertile plains of Maguindanao, Lanao del Sur,
and North Cotabato produce most of Central Mindanao’s staple crops. The
area’s uplands yield a variety of tropical fruits, vegetables,
and cut flowers. Major products include corn, rice, coconut, cassava, rubber,
and palm oil. Maguindanao’s and Lanao del Sur’s combined coastlines, more
than a hundred kilometers long, brim with coral fish and crustaceans. The
Moro Gulf and Illana Bay are among the country’s largest fishing grounds.
Lake Lanao, the country’s second largest, and two smaller lakes in Lanao
del Sur are sources of exotic freshwater fish. Water from Lake Lanao turns
generators that provide electricity to the whole of Mindanao. |
| Tourism
|
Picturesque lakes, rivers, waterfalls, caves, mountains,
and historical and cultural sites offer diverse attractions to domestic
and foreign tourists. Mt. Apo, the country’s tallest peak, which straddles
Cotabato and Davao, is visited year-round by seasoned and amateur climbers.
Beautiful Lake Lanao, however, tops the list of tour destinations. Central
Mindanao presents a good case of multiculturalism where Muslim, Christian,
and tribal communities live in harmony. The area’s rich cultural heritage
is expressed in its colorful music, literature, architecture, and ethnic
crafts. |
| Exports |
Export winners include crude coco oil, cochin type coco
oil, copra pellet, cold rolled coils, abaca pulp, garments, aquamarine
products, gifts and house ware, and wood products. Major product destinations
are the United States, Europe, Japan, Malaysia and Brunei. Central Mindanao
exported US$129.8 million worth of products in 1994. |
| Agribusiness |
Small and medium enterprises continue
to thrive as a result of increasing economic activities and opportunities
in EAGA. Large establishments employing more than 500 people are found
in Cotabato and Maguindanao: four plants in North Cotabato manufacture
rubber products; one in Maguindanao processes cassava into flour and starch.
More than 5,000 firms are engaged in wholesale and retail trade. Expanded agribusiness
activities are foreseen in cassava starch processing, coconut oil milling,
and rubber processing. The area already produces most of Mindanao’s rubber. |