The Board of Investments (BOI) said it has entered into an agreement with the Provincial Government of Ilocos Norte (PGIN) to strongly position the province as a “prime gateway” to East Asia and a “major” commercial hub in Northern Philippines.
The Board of Investments said it has entered into an agreement with the Provincial Government of Ilocos Norte to strongly position the province as a “prime gateway” to East Asia and a “major” commercial hub in Northern Philippines.
In his remarks, Trade Undersecretary and BOI Managing head Ceferino S. Rodolfo pointed out that numerous investment opportunities are bound to happen in Ilocos Norte because of its “irreplaceable geographical location, investment readiness, forward-looking leaders, and its established offerings for the renewable energy [RE] sector.”
Moreover, the attached agency of the Department of Trade and Industry , said the PGIN officially welcomed BuhaWind Energy’s Offshore Wind Farm investments in the province. In fact, he said, the province’s Local Investment and Incentive Code was crafted to attract highly desirable projects and responsible businesses, waiving its share on real property taxes as an incentive.
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