The Philippine Board of Investments (BOI), the industry development and investments promotion arm of the Department of Trade and Industry (DTI) continues to train the Local Economic and Investment Promotion Officers (LEIPOs) of local government units (LGUs) in promoting and facilitating investments in their respective areas as the agency conducts capacity-building training (CBT) programs in various regions and provinces in the country.
The BOI, through its Domestic Investments Promotion Service, has been conducting CBT programs with focus on preparing and packaging investment project plans and in crafting and developing Local Investment and Incentives Code (LIIC) for their respective areas of jurisdiction.
Just recently, BOI conducted CBT in Aklan Province where around 60 Local Economic and Investments Promotion Officers (LEIPOs) from the 18 LGUs of province were trained. This local promotion initiative was done in joint coordination with the DTI Provincial Office in Aklan and the Provincial Government of Aklan. Other participants include representatives from the Philippine Chamber of Commerce and Industry (PCCI) Aklan chapter and the Aklan State University.
The topics of the CBT zeroed in on the 10-Point Socioeconomic Agenda of the new administration, the salient features and provisions of the current Investment Priorities Plan (IPP), general investment policies and matrix of national incentives, and the salient features of the LIIC.
BOI also introduced IB in the context of the administration’s thrust to alleviate poverty and the adoption of IB as one of the province’ Investment Priority Areas (IPAs) for promotion considering its potential impact in providing decent and sustainable jobs to their constituents. The CBT also highlighted the importance of the continuous review and enhancement of the existing LIICs and make it more relevant and aligned to the developments and initiatives of the Province of Aklan and the national government. BOI also encouraged the LGUs to give more non-fiscal incentives to entrepreneurs and investors who will do business in their province.
To put the learnings into practice, the LEIPOS had cluster workshops on factors affecting business location, with emphasis on the urgency for the LGUs to improve its processes and ease the costs of doing business. Another workshop on drawing up their Investment Priority Areas (IPAs) followed, encouraging LGUs to align their IPAs with the provincial and national IPP. The CBT underscored the importance of the Comprehensive Land Use Plan to determine the province’ priority sectors as well as the locations of these sectors.
BOI also conducted another CBT in Calbayog City, Samar last September 25-26. The Samar CBT is the start of more intensified local promotion efforts for the Less Developed Areas (LDAs) listed in the 2014-2016 IPP. BOI is set to conduct more CBTs in various LGUs in the country in the remaining months of the year.