Bukidnon revives investment, export promotion board

MALAYBALAY CITY – The Bukidnon Provincial Government has caused the reorganization of the Bukidnon Investment and Export Promotion Board, which was created back in 1995 but has never taken off, said Manny James Cudal, chair of the Bukidnon Small and Medium Enterprise Development Council.

Cudal said Bukidnon Gov. Alex Calingasan ordered the formation of the board and the creation of the Bukidnon Investment and Export Promotion Office (BIEPO) under his office to pursue the rules and regulations pushed by the Bukidnon and Incentives Code.

The Code, passed 16 years ago as Provincial Ordinance 95-03, was meant to pursue “environmentally acceptable, sustainable and equitable growth by encouraging investments that provide employment opportunities, raise the standard of living of the people of Bukidnon and provide an equitable distribution of wealth.

In an executive order signed in June, Calingasan reorganized the board to be composed of private-public stakeholders to pursue the intent of the investment code.

The board was revived also with an executive order in the administration of then Gov. Jose Ma. R. Zubiri Jr. but it did not take off.

Cudal, who Calingasan appointed as his vice-chair, told Bukidnon News the revival has long been overdue and is exactly what the province needs to attract more investors that share the vision of the stakeholders.

He said the move was welcomed by the business community. Aside from Cudal, another local business leader, Engr. Tony Decano of the Malaybalay Business Club, attended the board’s organizational meeting Wednesday afternoon at the Provincial Planning and Development Office.

He said the board will help facilitate timely business registration processes by establishing a one stop shop scheme.  There is a need to review the rules and incentives pushed in the investment code, Cudal told those present at the meeting.

Roderico Bioco, president of the Mindanao Grains Processing In., who was appointed as representative of the agriculture sector said it is a catch up move for Bukidnon to revive the investment and promotion board.

“It would be good to revive as other provinces also have programs two attract investors aggressively,” he said.

Aside from overseeing the compliance of investors to the rules of availing the investment incentives, Calingasan also tasked the board to undertake proactive investment generation and export promotion efforts, provide accurate and reliable investment data, help in the annual review of the Bukidnon Investment Priorities, initiate parallel ordinances for enactment in the 20 towns and two cities in the province, among others.

The code provided that it is the policy of the province to pursue an environmentally acceptable, sustainable, and equitable growth by encouraging both domestic and foreign investments, primarily in agriculture, forestry, manufacturing, services, non-metallic mineral mining, trade and tourism-related activities.

The code also provided for the creation of the Bukidnon Investment Grid and a list of “preferred areas of investment,” which included agriculture and forest based manufacturing, forestry-based industries, service-related industries, support-services, and mineral-based industries.

The industries listed under “mineral-based industries” included white clay processing, kitchen and earthen wares, semi-conductor, industrial lime production, construction/bricks and tiles manufacturing, and stone craft.

The Code also provided for the rights and obligations of the government and the investors, a procedure on the registration of enterprise, including requirements, and tax incentives. (Walter I. Balane)


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: