BOI sets IPP reg’l roadshows

May 21, 2015 4:46 am 

By Kris M. Crismundo

MANILA, May 20 (PNA) — The Board of Investments (BOI) sets roadshows to promote the 2014-2016 Investment Priorities Plan (IPP) nationwide.

BOI said on Wednesday that it targets to intensify public awareness on the salient features of the latest IPP to different regions in the country for investment opportunities for potential and existing investors.

IPP is the government’s list of preferred economic activities to develop local industries and support the inclusive growth agenda of the current administration.

“The IPP is a fundamental investment policy tool for industry development, which aims to build industries not necessarily through incentives, but through policy interventions and initiatives. The IPP targets investment opportunities and needs to create jobs, expand industries’ capacity and enhance the competitiveness of local industries,” BOI stated.

The investment promotion agency will hold the IPP Regional Roadshows in General Santos on May 22; Baguio City on May 29; Dipolog on June 19; San Fernando, La Union on June 25; Cagayan de Oro on July 2; Naga City on July 10; Cebu on July 23; Puerto Princesa on August 6; Metro Manila on August 18; and Iloilo on August 24.

Among the salient features of the new IPP include the following:

*The IPP will be valid for three years until 2016 which is still subject for annual review. In the past years, the BOI crafted new IPP annually.

*The 2014-2016 IPP has eight preferred activities from the previous IPP with 13 preferred activities and exports as well as nine mandatory areas provided by special laws. The eight preferred activities have four broad sectors and four specific activities with sub-sectors and specific value chain gaps analysis including aerospace parts and components, chemicals, virgin paper pulp, copper wires and copper wire rods, tool and die, modernization of sugar mills, integrated circuit design, maintenance, repair, and overhaul of aircraft, energy ancillary services and energy efficiency projects.

*The IPP also has the inclusive business policy that will help the country’s goal to achieve inclusive growth.

*The new IPP also covers start ups of small newly incorporated domestic players or enterprises in business process outsourcing (BPO) and knowledge process outsourcing (KPO) sectors. (PNA)

LGI/KMC

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