S. Mindanao investment plan up for review

The Bureau of Investments (BOI) will hold a public hearing Monday to review the region’s investments Priorities Plan (IPP) for 2007, the Trade and Industry department announced Friday. 

The BOI has called for maximum participation from industry players and stakeholders in the review.

Gil Dureza, BOI Davao extension chief, told MindaNews the hearing is an important step so the investment board could identify which part of the 2006 priorities plan should be pursued or be scrapped.

He said in a telephone interview it will be an opportunity for the industry players to share ideas and suggestions.

Dureza was quoted in a press release from DTI as saying industry players can criticize the previous plan, or if they want to add or scrap an item in it.

“If there are changes to be made, then the BOI will debate on it whether to accept the suggestion of the industry players or not,” Dureza was quoted as saying.

He said more businessmen might invest because of the effort to engage them.

The 2006 Investment Priorities Plan (IPP) embodies the development thrust of the government for “sustained and equitable economic growth” as espoused in the 10-point agenda of the Arroyo Administration.

About mindanaw

A Journalist from Mindanao

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