Connect with us

Hi, what are you looking for?


BoI targeting more investments in Ilocos Norte


THE BOARD of Investments (BoI) is eyeing more investments in Ilocos Norte, a province in the northwestern tip of the country, citing its geographical location and renewable energy sector.    

In a statement on Wednesday, the BoI said it signed a memorandum of agreement (MOA) with the Ilocos Norte local government in November to help the province attract more investments in agriculture, tourism, renewables, infrastructure, and services.     

According to the BoI, its partnership with the Ilocos Norte provincial government would position the province as a gateway and a major commercial hub in northern Philippines.   

It added that the partnership would help link the north and central Luzon areas to neighboring countries such as Taiwan, China, Hong Kong, Japan, and South Korea.    

BoI Managing Head Ceferino S. Rodolfo said the province’s strengths “could also position Ilocos Norte as a top destination for high-value manufacturing and agriculture, powered by renewable energy.”  

Ilocos Norte Governor Matthew Marcos Manotoc said the province offers incentives under its local investment code, such as tax holiday on real property.  

Under the partnership, the Ilocos Norte provincial government will provide information to the BoI such as its investment profile and opportunities. It will also establish a green lane for BoI-registered firms to accelerate the processing of projects.   

The BoI, for its part, will provide the provincial government with technical support on investment-related matters and connect the province with prospective local and foreign investors. — Revin Mikhael D. Ochave  

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!


Editor’s Pick

<?xml encoding=”utf-8″ ??> Aspect is the well-known property maintenance company in London that is recognised for its signature yellow and blue vans, which are...

Editor’s Pick

<?xml encoding=”utf-8″ ??> The Wakelet Microsoft 365 Children’s Parliament backed by The Express, is proud to announce that James Caan CBE, the former Chairman...


THE TOWERING BUILDINGS of Makati’s central business district are seen in the background in this May 13, 2020 file photo. — PHILIPPINE STAR/ MIGUEL...


A Philippines peso note is seen in this illustration on June 2, 2017. — REUTERS THE PHILIPPINES could benefit from the proposed Maharlika Investment...


PASSENGERS queue before the check-in counters at the Ninoy Aquino International Airport (NAIA) Terminal 3 after flights were canceled due to technical issues on...


By Arjay L. Balinbin, Senior Reporter METRO PACIFIC Investment Corp. (MPIC) expects to generate P500 million in revenue from its dairy business by 2025,...

You May Also Like


COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...


REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...


BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...


KARASOLAR.COM TENA, Ecuador — Ecuador’s rainforest Achuar people say their ancestors long dreamed of a “fire canoe” or “electric fish” that would let them...

Disclaimer: Respect, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Respect Investment. All Rights Reserved.