BoI slates investment roadshow on September 30

CEBU, Philippines – The Board of Investments (BoI) hopes to increase awareness among existing and potential investors on investment opportunities in Central Visayas as it holds a road show on September 30 in Cebu City, not on the 25th as initially scheduled.

BoI-Cebu Head Philip Torres said Thursday more or less 60 participants are expected to attend the road show to be held in Harolds Hotel.

Participants include industry associations, BoI-registered firms, government officials, local government units and the academe, among others. Officials from BoI and other government agencies that directly work with investors will be speaking at the road show.

Torres said this is going to be BoI's eighth road show this year after it held the same in General Santos City, Baguio, Dipolog, Cagayan de Oro, Metro Manila, Iloilo and La Union. It is also organizing two more road shows in Puerto Princesa and Naga City soon. The regional road shows started in May this year.

The road show on Wednesday will focus on the 2014-2016 Investments and Priorities Plan (IPP).

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.

President Aquino issued Memorandum Order 74 in October last year approving the three-year IPP.