BOI’s IPP Roadshow hits Cagayan de Oro

• Source: http://www.mb.com.ph/bois-ipp-roadshow-hits-cagayan-de-oro/
• Friday, July 3, 2015

By Camcer Ordonez Imam

Cagayan De Oro City – The Board of Investments (BOI) held a forum on the Investment Priorities Plan (IPP) 2014-2016, at the Mallberry Suites Business Hotel yesterday.

Some 150 participants came from various chambers of commerce, business support organizations, the academe, local government units, members of inter-agency committees, non-government organizations, consumer organizations and the media.

They were briefed on the IPP’s tool for industrial development and economic growth and also discussed specific economic activities that are critical in advancing a particular industry or to improve the product’s value.

BOI Resource-based Service Director Nestor Arcansalin described the IPP feature as having ensured continuity, consistency and predictability – factors seriously considered by domestic and foreign investors.

This year’s IPP also introduced innovative features, such as the principle of geographical application, which takes into consideration the impact of an economic activity in the particular region, province, or cluster of local government units.

On the preferred list of activities are manufacturing, agribusiness and fishery, services, economic and low-cost housing, hospitals, energy, public infrastructure and logistics and PPP projects.

This IPP year’s theme is “Industry Development and Inclusive Growth.”