Thursday, May 8, 2014

Tagum holds 1st Investment Forum

By: Tagum City Information Office

 TAGUM CITY—In a bid to strengthen the city’s image as an investment hub, the local government tapped experts to share their insights on the latest investment trends and opportunities during the 1st Tagum Investment Forum held last May 7, 2014 at Molave Hotel.

 Citing his administration’s goal of luring more businessmen to pour their investments in the city, Mayor Allan L. Rellon shared this event aims to capacitate the concerned LGU officials and personnel in the strategies and techniques in packaging the city to become investor-friendly, as well as listening to the plights and concerns of the city’s business sector.

 Among the topics that were discussed touched on promoting investments, business opportunities and tourism branding that were discussed by DTI Provincial Director Edwin Banquerigo, Board of Investment Chief Gil Dureza, Assistant Secretary Art Boncato, Jr. of the Department of Tourism and Malaysian Consul General Abdullah Zawawi Tahir, respectively.

 The Mindanao Development Authority represented by Miss Pauline Ferrero also gave the Mindanao perspective in terms of strengthening trade and industries that gave a preview of emerging and promising industries in the region.

 Mr. Ivan Cortez of the Davao City Investment Promotion Center also shared the notable experiences and strategies of the regional capital that equated to the boom of business investments in the de facto capital of Mindanao.

 Mayor Rellon expressed the insights of the invited speakers are essential in the capacity-building of the bureaucracy in formulating effective strategies to invite potential investors to try Tagum, as well as strengthening the city government’s policies and direction towards development.

The City Investment Promotion Office (CIPO) also launched its investment promotion campaign dubbed as “inTAGUM,” which described the city as a place for businesses to triumph, advance, grow, uplift and maximize.

 The said campaign kicked-off the CIPO’s home-run towards more investments for the benefit of Tagumeños, according to CIPO Chief Jasmin Angco.
 Her office is closely coordinating with the 6th City Council for the passage of the Tagum City Investment Incentive Code, mainly sponsored on the floor by Councilor Fernand Bordios, chair of the trade, commerce and industry committee of the city’s highest policy-making body. The provincial DTI office is also supporting the legwork of the said legislation.

 Among the salient points of the said code is the expansion its incentive coverage, which included pioneering and distressed enterprises. Harmonized in the same code passed by the Sangguniang Panlalawigan of Davao del Norte, the said legislation also integrated support on corporate social responsibility, gender and development, among others.

The said code also clearly defined the incentives so as to achieve minimal effect in the tax collections of the local government. It is hoped that the city council will pass the said code sometime this month.

 Once signed into law, Mayor Rellon said the city could expect the influx of businesses in the city that will in turn provide more jobs for Tagumeños. | Louie Lapat of CIO Tagum

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