The Board of Investments (BOI), the government’s lead industry development and premier investment promotion agency (IPA), will conduct its series of roadshows nationwide to promote business opportunities under the Strategic Investments Priorities Plan (SIPP) to companies operating in the regions.
Through the Domestic Investments Promotion Service (DIPS) and its Extension Offices, BOI said the roadshows will initially be conducted in three key cities: Cebu on July 19, Cagayan de Oro on July 26, and Davao on July 28. More roadshows are set to be scheduled next month.
The SIPP is a list of priority economic activities entitled to tax and fiscal incentives under the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Law.
The SIPP also includes the scope and coverage of location and industry tiers, recommendations for non-fiscal support and other information, analyses, data, guidelines, or criteria as the government may deem appropriate to attract quality investments and generate jobs for Filipinos.
Apart from primarily providing information about the priority sectors/industries and investment opportunities under SIPP, the roadshow is also BOI’s in-person public platform to guide investors on how to apply investment projects with the BOI to avail incentives and likewise provide consultation/advisory services for those who want to understand and avail the other services of the BOI.
The BOI SIPP roadshow is a one-day event with two parts. For the morning session, investments opportunities under the SIPP and the incentives available for qualified projects will be discussed. The afternoon session meanwhile will be for one-on-one consultations with the BOI resource persons on potential projects for registration and other investments concerns.
The roadshow targets firms with previous projects registered with BOI as well as firms who are planning to expand their operations in the regions, regional business chambers, regional industry associations and organizations, academe, financial institutions, Department of Trade and Industry (DTI) regional and provincial offices, regional National Economic Development Authority (NEDA), and other regional government offices.
The SIPP serves as a catalyst to shore up various industries and yield more diversified, complex, and sophisticated products and services in the Philippines. The SIPP plays a significant role in the country’s goal of bouncing back from the economic ramifications brought about by the persisting global health crisis. The Plan also sustains the momentum towards the country’s economic recovery, as it will generate and recover jobs as well as competitively provide for the Filipinos’ basic needs.