Board of Investments to hold roadshow in Cebu next month

CEBU, Philippines- The Board of Investments (BoI) is holding a road show in Cebu on September 25 to inform the public and investors here on key investment opportunities in the country.

This was announced by BoI-Cebu Head Philip Torres but he said the event venue still has to be identified. The Cebu road show was initially scheduled last month.

According to Torres, officials from BoI central office will be speak during the road show.

The BoI is holding regional road shows on its Investments and Priorities Plan (IPP).

“The IPP road show is an agency initiative to bring its services to the regions by informing the public on the salient features of the IPP 2014-2016 and its implementing guidelines specifically on the investment opportunities for potential and existing investors,” BoI noted.

Expected to attend the road show are government agencies, chambers of commerce, local governments, academe, non-government groups, consumer groups and members of the Regional Development Council.

The IPP is a list of industries and sectors eligible for incentives such as income tax holidays and duty-free importation of equipment. The IPP 2014-2016’s preferred investment activities include manufacturing, agribusiness and fishery, services, economic and low-cost housing, hospital, energy, public infrastructure and logistics and public-private partnership (PPP) projects.

It was October last year when President Benigno Aquino III issued Memorandum Order 74, approving the 2014-2016 IPP.  (FREEMAN)