MANILA – Malacañang on Wednesday said consumer and business confidence in Mindanao should pick up with the end of the conflict in Marawi City, where government has set a rebuilding plan after the five-month crisis left it in ruins.
Presidential Spokesperson Ernesto Abella said the government is investing heavily on infrastructure as part of the rehabilitation of Marawi, and this should drive growth and create more jobs.
“The rehabilitation of the Islamic city will contribute to peace-building efforts as economic opportunities open, including restoration of livelihood for the Maranaos, so they can start rebuilding their lives,” Abella said in a statement.
The government has allotted P5 billion for the rehabilitation of Marawi City this year. Another P10 billion is set to be released next year.
Defense Secretary Delfin Lorenzana has said at least P50 billion is needed to rehabilitate the strife-torn city, once a commercial center ravaged by five months of firefights between state troops and Islamic State-linked terrorists.
The government on Monday declared the end of the siege following the killing of the last remaining terrorists in the city. The conflict left over 1,100 dead, mostly terrorists.
PALACE TO PUBLIC: STAY VIGILANT
Meanwhile, Abella called on the public to remain on guard following the arrest of an alleged financier of the Maute terror group, Aminkisa Romato Macadato.
“Although fighting in Marawi has ended, some Maute Group supporters remain at large,” Abella noted.
“We ask our people to continuously remain vigilant in their respective areas and cooperate with police and soldiers to hunt down all remaining terrorists and other lawless elements who are out to destroy the peace prevailing in our communities.”
Macadato is on Martial Law Arrest Orders 1 and 2 of the Department of National Defense's Office of the Martial Law Administrator.
He is a nephew of Farhana Maute, matriarch of the Maute brothers, and is a son of Ibrahim Macadato, a former Butig, Lanao del Sur mayor.