The Philippine Board of Investments (BOI) has chosen Cagayan de Oro as one of the pilot areas to implement the Project Investment Care in March which aims to create a cyber-based system that would gather and access information on ready-for-occupancy (RFO) locations.
The Project Investment Care would provide ease of access to information to potential investors, according to the BOI-Cagayan de Oro Extension Office Supervising Investments Specialist Irwin Jayson Jamaca.
Furthermore, Jamaca added that it would shorten the investment decision-making, which could lead to an increase in the number of investors in Cagayan de Oro.
Additionally, the Project Investment Care involves developing a mechanism of information gathering, submission, validation, and uploading. It also includes gathering information on the needs of investors through surveys and interviews.
Moreover, City Mayor Rolando “Klarex” Uy welcomed the BOI’s plan to implement the project in Cagayan de Oro, stating that it would help the City Government in its continuous efforts to recover its economy.
The project implementation would also attract more locators in Cagayan de Oro, allowing investment to happen within the city.
The Project Investment Care aims to boost the city’s economy by providing accurate and timely information to investors, allowing them to make informed decisions when investing in Cagayan de Oro.
This project could also create more job opportunities and increase economic growth in the city.
Cagayan de Oro is a highly urbanized city located in the northern region of Mindanao island in the Philippines. It is known as the “Gateway to Northern Mindanao” due to its strategic location, and it serves as a hub for trade, commerce, and industry in the region. The city has a vibrant economy, fueled by various sectors such as agribusiness, tourism, and services.
Source: Inside Politico | #InsidePolitico | March 14, 2023