As of the first quarter of 2018, BOI-Davao has recorded a total of Php14.14B worth of registered and approved projects for Davao Region, mostly belonging to the real estate and agribusiness industries. This is relatively higher than the Php2.44B amount of investments recorded around the same time last year. For 2017, the value of investments poured into the region amounted to Php7.98B.
Aside from the lecture series, workshops were also undertaken wherein the participants were divided per province/city and were made to design investment promotion packages and convince potential investors in a simulation activity.
“The DTI will continuously strive to provide the necessary assistance to the IPOs and the LEIPOs in terms of improving and upgrading the way they handle investments to create a ripple effect in the overall investments performance of the region,” Ambi added.
The BLINK Capability Building Workshop for Investment Promotion Officers is the first activity of its kind for the region. DTI-Davao Region intends to have a second round of the activity that integrates other investment topics that were not discussed in the recently concluded workshop.♦
The Department of Trade and Industry (DTI) Davao Region recently conducted provincial roadshows in its bid to help local government units (LGUs) improve their competitiveness to secure more investments.
During the provincial roadshows, the agency, particularly its Regional Industry Development Division, discussed the compliance rating of every LGU in adopting the 2016 Business Permit and Licensing System (BPLS) standards as well as their overall competitiveness performance in the Cities and Municipalities Competitiveness Index (CMCI) rankings with the implementation of competitiveness enhancement support programs being delivered by DTI 11.
The roadshows, which were conducted in Davao del Sur, Davao del Norte, Compostela Valley, and Davao Occidental, were participated by the provinces’ respective local chief executives (LCEs), business permit and licensing officers (BPLOs), local economic and investment promotion officers (LEIPOs), city/municipality treasurer officers (C/MTOs), city/municipal local government operations officers (C/MLGOOs), and other local officials involved in the whole business registration process. Representatives from private sector likewise attended.
Apart from the provincial roadshows, a regional activity was also done in collaboration with the Regional Competitiveness Committee (RCC) and the Department of the Interior and Local Government (DILG) at the Pinnacle Hotel and Suites in Davao City to further strengthen the drive to produce more competitive LGUs.
The one-day activity presented the updates on the CMCI project, in which several revisions of its sub-indicators will be made this year. The said indicators, will still, however, capture its four key pillars, namely, government efficiency, infrastructure, economic dynamism, and resiliency.
Moreover, the revision aims to further align the CMCI with the Global Competitiveness Index Report by the World Economic Forum (WEF), which recently reported, Philippines ranking 56th (2017) from 85th (2010) out of 139 economies.
DTI 11 Regional Director Maria Belenda Q. Ambi explained that in the BPLS streamlining project, the LGUs’ reform implementation were assessed through the conduct of field monitoring and evaluation survey, targeting business owners who applied or renewed their business permits as respondents.
The 2017 survey results showed that the region is 96.7 percent compliant for new applications, and 94.8 percent for renewal. This is in terms of issuing the business permits within one to two days upon receipt of the application form with the pre-required documents.
On the other hand, 71.5 percent of the LGUs are compliant in delivering the business registration process within three steps for the new applications, and 70.6 percent for the renewal applications. However, some LGUs (28.5 percent for new applications and 29.4 percent for renewal) were reported to be delivering the said service within four steps.
Ambi noted that improvements due to the implementation of these competitiveness-related reforms have positively affected the country’s global standing.
In the Doing Business Report by the International Finance Corporation (IFC), the Philippines ranked 113th out of 190 economies in 2018, which rose 35 notches from 148th in 2010. This report captures important dimensions of the regulatory environment, such as, starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts, and resolving insolvency.
With the support of the private sector, partner agencies, and initiatives by the LGUs themselves, DTI 11 aims to deliver its full support to the promotion and development of national competitiveness.
“There is indeed an upward trend as we look back into our performance in the ease of doing business, as well as, competitiveness, however, reaching the higher ranks would require intense public and private collaboration, for while we are doing our best to improve, other LGUs are also doing the same,” Ambi said.♦
Date of release: 12 April 2018
Taiwanese investors remain bullish on Philippine business and investment opportunities particularly in the Mindanao region as representatives from the Taiwan External Trade Development Council (TAITRA) were recently in the country for a Business Opportunity Research Study Mission.
The Philippine BOI Extension Office in Davao, with Mindanao Development Authority (MINDA), Department of Agriculture, Department of Trade and Industry, Local Economic and Investments Promotion Officers of Davao Region met with the TAIRA representatives led by its Manager Dr. Albert Fan on January 19, 2018.
Dr. Fan informed the Davao stakeholders that TAITRA is looking for business partners in agriculture and aquaculture, two of Taiwan’s key sectors.
Trade Undersecretary and BOI Managing Ceferino Rodolfo said the shared optimism and confidence of Taiwanese investors in making their businesses grow in the Philippines particularly in Mindanao is a pronounced manifestation of the country’s inherent and competitive advantages.
He said that this positive development is a testament to the country’s sound economic fundamentals and sustained investor confidence that bodes well with the BOI’s thrust to further strengthen the country’s position as a preferred global investment destination.
Undersecretary Rodolfo also said that investment prospects in Mindanao remain rosy given the Php29.35 Billion significant investment projects registered with the BOI from January to December 2017. Of this investment value, Php15.25 Billion were from Region 12 (SOCCSKSARGEN), Php7.23 Billion from Region 10 (Northern Mindanao), Php5.43 Billion from Region 11 (Davao Region), and Php1.44 Billion from Region 13 (CARAGA).
The visit was in preparation for a planned Taiwan Trade Mission to Davao on March 2018 where TAITRA targets to bring in around 20 to 25 Taiwanese companies in the production and marketing of food processing and packaging machineries, green industry products and medical devices industries.
Aside from the trade mission, TAITRA and the Taiwanese Investors also plan to hold a Trade Exposition to showcase Taiwan’s State-of-the-Art agricultural equipment in Davao City tentatively scheduled for September 2018.
TAITRA is also interested in showcasing Taiwan’s premier, international and professional business-to-business (B2B) trading platform which focuses on the State-of-the-Art technologies for the field of agriculture in Asia.
TAITRA is Taiwan's foremost nonprofit trade promotion organization. The council is sponsored by the government and industry organizations, providing business consultation service and connect international firms with Taiwanese partners.♦