CEBU CITY -- Bohol Province’s bid to become an investment destination got a major boost after it signed a memorandum of understanding (MOU) with the Board of Investments (BOI) on Wednesday, Feb. 22.

Bohol Gov. Aris Aumentado said the MOU on Joint Investment Promotion that the province entered into with the BOI will bring further development in the province.

“This will solidify our intention to promote Bohol as an investment destination,” said Aumentado.

“Our economy is already opening up after the onslaught of the pandemic. We will now have a better chance of achieving dreams of development for everyone to have a fighting chance in life,” added Aumentado.

Aumentado and BOI Executive Director Atty. Bobby Fondevilla led the signing of the MOU at the New Capitol in Tagbilaran City.

Also present during the activity were BOI Domestic Investment Promotions Service’s Maria Rosario Dominguez, Provincial Administrator Aster Caberte and Bohol Economic Development and Investment Promotions Office) officer-in-charge Maria Fe Dominise.

Under the MOU, the BOI will be responsible for coordinating the formulation and implementation of short, medium and long term industries plans and promotional investments.

Fondevilla said the tie-up between the province and BOI is timely, saying that the business climate in Bohol shows that it is already capable of handling various opportunities, including local and foreign investments.

Aumentado said attracting more investors will create job opportunities which is part of his administration's economic thrust.

Caberte, for her part, said the province is slowly reaping the benefits of its intensive promotional campaign.

The province is set to conduct job fairs while business process outsourcing locators are set to come in in the coming days, Caberte said.