The Board of Investments (BOI) through the Domestic Investment Promotions Services (DIPS), Cagayan De Oro Extension Office generated nearly Php2 billion from 22 investments leads from the conduct of Investment Priorities Plan (IPP) Roadshows on 28-31 May 2019 in the Zamboanga Peninsula. Around 180 participants attended the roadshow spread across several locations in the region covering Zamboanga City, Zamboanga del Sur, Zamboanga del Norte and Zamboanga Sibugay.
Discussions during the roadshows, focused on the 2017-2019 IPP and the registration process of projects with the BOI.
|BOI Chief Investments Specialist Lourdes Ellen Kionisala speaking at the BOI IPP Roadshow in Zamboanga|
Of the province wide roadshows, Dipolog yielded the most number of leads – seven and the biggest amount Php 1.4 billion, followed by Pagadian with Php 281 million worth of projects from four projects. Zamboanga Sibugay contributed Php 175.5 million from five projects and Zamboanga city generated Php 90 million worth of investments.
From the 22 investment leads generated, six were identified as micro and small enterprise (MSE) projects. Tourism make up 51 percent, while 24 percent are agri-based. The rest are in creative knowledge, energy-related and manufacturing sector. Once these leads are realized, 1,267 jobs will be generated.
DTI Zamboanga del Sur Provincial Director, Engr. Jamir Omar A. Abubakar lauded the BOI for bringing the roadshows to all the provinces of Zamboanga Peninsula to communicate investment opportunities and information on fiscal and non-fiscal incentive to local businessmen as these small businesses will be linked and become contributors to the attainment of the national development agenda.♦
Date of Release: 11 July 2019