Iloilo advances to 2015 finals in search for most business-friendly LGU

October 21, 2015 6:08 am 

ILOILO CITY, Oct. 20 — Governor Arthur Defensor Sr. is elated that Iloilo is among the finalists in this year’s Most Business-Friendly Local Government Unit Award by the Philippine Chamber of Commerce and Industry (PCCI).

The hopeful governor said that winning the award will mean a lot for Iloilo now that they are promoting the province as viable investment destination in Visayas.

The final judging of entries for the search will be held on Wednesday at the Don Emilio Yap Boardroom of PCCI, 3rd floor of Commerce and Industry Plaza, McKinley Town Center, Fort Bonifacio, Taguig City.

Representing Iloilo on behalf of Defensor will be Provincial Planning and Development Officer Mario Nillos, Development Management Officer IV Vilma Jane Lao and LGSP-LED focal person Luna De la Ong.

Their presentation covers Iloilo’s accomplishments in the following criteria namely:(1) trade, investments and tourism promotions,(2) public private sector partnership,(3) micro small and medium enterprises development,(4) quality management system, innovations and human resources development, and (5) inter-local government relations.

Sound Policies

For the past years, Iloilo institutionalized reforms that helped simplify the process of starting business in the province, as well as, laws granting tax incentives to as much as 100 percent reduction.

Interested parties who would like to invest here could also seek the assistance of the Local Economic Investments Promotions Unit (LEIPU) or the Negosyo Center.

The two offices could provide counseling services, capacity building, business-related training programs, data, case studies and other information responsive to the needs of new micro, small and medium enterprises.

Eradication of graft and corruption, including reduction of red tape were the primary reforms that the administration of Defensor made since he came to office in 2010.

Iloilo’s compliance with full disclosure policies and anti-red tape act earned the province awards like 2015 Seal of Good Local Governance from the Department of Interior and Local Government (DILG).

Trade Promotions

To attract more investors, the province is regularly conducting activities that aim to promote trade and investments in Iloilo.

Among these are trade fairs and exhibits, trade missions and use of print and radio to drum beat the business-friendly initiatives of the provincial government.

In 2014 alone, two trade missions and seven trade fairs were organized by the Local Economic Investments Promotion Unit (LEIPU).

This resulted in a total of P210-million investments involving newly registered micro, small, and medium enterprises.

On the first quarter of 2016, Iloilo is set to send a trade mission to Metro Manila or in as far as South Korea to gain foreign investments, especially to the proposed economic and industrial zones in Concepcion and Dumangas. (PNA)



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