BOI signs MOA with BLGF on investor assistance.The Philippine Board of Investments (BOI) is further strengthening its collaboration with the Department of Finance-Bureau of Local Government Finance (DOF-BLGF) as it signed recently (November 27, 2017) a Memorandum of Agreement (MOA) relative to extending assistance to BOI registered firms seeking for local business tax (LBT) exemption and other investment-related concerns. The MOA is expected to further ease the cost of doing business in the country. “It is important that we offer a conducive environment to investors, a place where they could easily transact with government agency requirements,” Trade Undersecretary and BOI Managing Head Ceferino Rodolfo said adding that the move will further entice existing investors to expand operations in the country and attract more prospective investors as well. The agreement with DOF-BLGF is the eight among the MOAs signed by BOI to complement its efforts in promoting the ease of doing business in the Philippines. The BOI, through its Investment Assistance Service (IAS), has seven other MOAs with Department of Environment and Natural Resources (DENR)-Environmental Management Bureau (EMB), Food and Drug Administration (FDA), Department of Tourism (DOT), the Securities and Exchange Commission (SEC), Department of Health (DOH)-Health Facilities Regulatory and Services Bureau (HFRSB), Department of Agriculture (DA), and the Housing and Land Use Regulatory Board (HLURB). Photo shows BOI Director Domingo Bagaporo (fourth from left) in a handshake with DOF-BLGF OIC Executive Director Nino Raymond Alvina (third from right) after the MOA signing. They are joined by (from left to right): Ms. Ophelia O. Adad, BOI-IAS Investments Specialist, Mr. Ernesto C. Delos Reyes, Jr., Chief, BOI-IAS Aftercare Services Division, Ms. Ma. Pamela P. Quizon – OIC-Director, BLGF Local Fiscal Policy Service, Ms. Brenda Miranda, Chief, BLGF Policy, Planning, Programming and Standard Division, and Ms. Aileen Macapagal, BOI-IAS Sr. Investments Specialist.