The Department of Trade and Industry (DTI) - Region 02, in collaboration with the National Economic and Development Authority (NEDA) - R02, Department of the Interior and Local Government (DILG) - R02 and Cagayan Economic Zone Authority (CEZA) mounted the Cagayan Valley Regional Investment Forum on November 15, 2017 at the Zen Hotel in Santiago City.
Aptly themed “Invest in Bountiful Cagayan Valley Region!” , the event, which aimed to stir awareness on the bountiful investment and development opportunities in Region 02, gathered over 250 participants including investors, Local Chief Executives, business organizations and other stakeholders.
Highlighting the event is the launching of the investment promotion collaterals, such as updated websites, brochures and audio-visual presentations (AVP) featuring the five provinces and four cities of Region 02 including the Cagayan Economic Zone. This was followed by the presentations of the provincial governors and city mayors or their representatives of the various investment opportunities in their respective localities as well as the fiscal and non-fiscal incentives that await investors.
Resource Speakers from the Board of Investments (BOI), Public-Private Partnership (PPP) Center - Philippines and Philippine Economic Zone Authority (PEZA) were invited to discuss relevant topics: Mr. Nestor P. Arcansalin, Director, Resource-based Industry Services (BOI) presented the Government’s 2017 Investment Priorities Plan and Incentives; Mr. Ernesto Delos Reyes, Division Chief, Aftercare Services Division (BOI-Investments Assistance Center) discussed the BOI - One Window Network, a Mobile Application System for Investors; Mr. Eleazar E. Ricote, Deputy Executive Director (PPP Center) was assigned the topic on PPP at the Local Level;Atty. Rene Joey S. Mipa, Zone Administrator, PEZA-Baguio City Economic Zone, discussed the Role of PEZAin Stirring Economic Development andHow to Establish PEZA in the Countryside.
Among those present during the event were Governor Carlos M. Padilla of the province of Nueva Vizcaya, Mayor Joseph S. Tan of Santiago City, Mayor Bernard Faustino M. Dy of Cauayan City, Mayor Jefferson P. Soriano of Tuguegarao City, Mayor Isidro Cabaddu of Camalaniugan and Mayor Danilo Aguinaldo of Sta. Praxedes.
As a result of this Forum, personnel from the PPP Center flew in to Tuguegarao City, two days after the event, to assist the LGU of Tuguegarao City with their PPP project. Likewise, Atty. Mipa invited the LGUs to attend a Forum on December 8, 2017 in Baguio City relative to the promotion and implementation of PEZA’s new thrust of industrializing the Philippines by building industrial cities through the establishment of economic zones in every province and city in the country.
The Forum is a response to the need for an intensified investment promotion in Cagayan Valley Region to make it a preferred investment destination in northern Philippines.