BOI capacitates Negosyo Center counsellors and mentors on investment-related concerns

The Philippine Board of Investments (BOI), through its Investments Assistance Service (IAS) capacitated almost a thousand Negosyo Center business counsellors and mentors on handling investment-related concerns at the recently-concluded Negosyo Fair 2017 at the SM Megatrade Hall in Mandaluyong City.

Trade Secretary and BOI Chairman Ramon Lopez, at the opening of the Negosyo Fair, called on the Negosyo Center business counsellors to help the government develop smarter Filipino entrepreneurs. He highlighted the role of business mentors as frontliners of the Negosyo Centers, which he considers an important infrastructure of entrepreneurship.  “When you inspire, you transform people and give them the positive entrepreneurial mindset,” he said.

To date, there are over 500 Negosyo Centers all over the Philippines ready to provide efficient services to existing and aspiring entrepreneurs, including through provision of free business mentoring and coaching services, trainings and information on market and access to finance.  The Department of Trade & Industry (DTI) empowers Filipino entrepreneurs through these Negosyo Centers, thus infusing the right entrepreneurial mindset in a nation of entrepreneurs.

Following the Trade chief’s call, BOI Director for IAS Domingo Bagaporo led the BOI Team in conducting a Learning Session entitled “Facilitating Entry of Foreign Investments” to capacitate Negosyo Center counselors and frontliners in handling investments related inquiries.

facilitating foreign investment
BOI IAS Director Domingo I. Bagaporo presenting the Philippine Advantage at the Learning Session for Business Counsellors’ Conference at the at the SM Megatrade Hall in Mandaluyong City.

Topics covered include the functions and services offered by the BOI including the One Window Network (BOI-OWN), a cloud-based web portal and mobile application to address investment-related inquiries, issues and concerns; Tips on How To Be an Effective Frontliner, Doing Business in the Philippines and Doing Business with and without Incentives. An open forum to address clarifications/questions from the participants capped the Learning Session.

“It is important to equip our Negosyo Center business counselors and frontliners with adequate knowledge and confidence in handling doing business inquiries. We want them to be confident in informing potential investors that the government is offering incentives for qualified business activities under the latest Investment Priorities Plan”, said Director Bagaporo.  He is positive that the session will help frontliners entice more investors to set up their business throughout the country.