BOI encourages business community to invest in Visayas, Mindanao
The Board Of Investments (BOI) and the Investments Promotion Agency (IPA) is encouraging businesses to invest in Visayas and Mindanao through a series of Strategic Investment Priority Plan (SIPP) Roadshows alongside the Department of Trade and industry (DTI).
The agency spearheaded an SIPP Roadshow in General Santos City and Iloilo City respectively.
General Santos, a part of Mindanao,that is known to have hosted six of the country’s seven major tuna firms and related companies that employ around 120,000 people with exports of about $58 million (P3.4 billion) worth of fresh, chilled, and frozen tuna yearly globally had a roadshow.
Representing the host city, General Santos Head of City Economic Development Office Leonard Flores mentioned, “The (Corporate Recovery and Tax Incentives for Enterprises) CREATE law positions our region to be a source of a metropolitan development area. Early this year, we are happy to announce we have launched that mission.”
Flores added that they are confident that the SIPP will leverage business opportunities and investors will consider the SOCCKSKSARGEN region (formerly known as Central Mindanao) as their destination.
Further, National Economic Development Authority (NEDA) Regional Director for Soccsksargen Teresita Socorro Ramos presented a data showing that SOCCKSKSARGEN region alone generated P472.5 billion in 2021 indicating a good standing.,
Meanwhile, In Iloilo City, TDCX, a business process outsourcing (BPO) firm opened. TDCX Philippines Vice President for Business Strategy Eliza Acuña said Iloilo has matured in the BPO space. She noted that there are 25 BPO firms in Iloilo currently employing around 50,000 residents.
