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Thursday, August 11, 2022

DTI Dinagat Islands, BOI conducts CapDev on Investment Promotion

SAN JOSE, Dinagat Islands (PIA) -- The Department of Trade & Industry-Dinagat Islands in partnership with the Board of Investments-Cagayan de Oro (BOI-CDO) recently conducted the Capavity Development on Investment Promotion for Dinagat Islands’ Local Government Units (LGUs) cum Investors Servicing.

The activity aims to capacitate LGUs in updating investment-related laws, which will help update their respective Local Investments and Incentives Code.

Ms. Lourdes Ellen N. Kionisala, Chief Investments Specialists of BOI, discussed the Overview of Investments Promotion Strategies, the Roles of the LGUs in Investment Promotions, the Importance of the Local Investments, and Incentives Code, and the updates of the different investment-related laws. 

She emphasized that the goal of Local Economic Promotion is to eradicate poverty and improve the community's quality of life. 

On his part, Governor Nilo P. Demerey is thankful to DTI for conducting the said event to train the LGUs in investment-related laws, which will be helpful in the coming of investors in the province. 

He also shared updates on the meeting he had with the president of the San Miguel Corporation, Mr. Ramong Ang. Accordingly, the meeting resulted in the location of an EV Battery Plant in the Municipality of Cagdianao, which will have its groundbreaking ceremony in September.

“Tabangi mi og bugsay padulong sa among maayong kaugmaon.” Gov. Demerey said.

Also present during the activity were Provincial Director Elmer M. Natad and Mr. Keen Arsenio, Senior Investments Specialist of BOI-CDO. (Susil D. Ragas, PIA- Dinagat Islands/DTI- Dinagat Islands)