BOI and Cavite ink accord on ease of doing business

THE Board of Investments (BOI) said it has recently inked an agreement with the provincial government of Cavite in a bid to further “make it easier” for investors to do business in the province.

U nder the memorandum of agreement (MOA), BOI said the Cavite local government unit would provide “updated and relevant” information to the BOI such as investment profiles, priority areas and other opportunities.

Further, the investment promotion agency said Cavite would also establish a “green lane” for BOI-registered firms to fast-track the processing of projects.

For its part, the BOI said it would provide

Cavite with technical support on investmentrelated matters such as consultations and workshops and link up the province with potential local and foreign investors.

“

With this strengthened partnership, the province becomes more attractive to both foreign and local investors,” Trade Undersecretary and BOI Managing Head Ceferino S. Rodolfo said, adding Cavite has been “consistently” one of the most progressive provinces in the country as evidenced by more and more businesses locating in the province in addition to its upward ranking in the 2022 Cities and Municipalities Competitive Index. Andrea E. San Juan