The Board of Investments announced on Monday it has recently inked an agreement with the Province of Samar to enhance coordination for investment facilitation, investor services, and promotion.
Trade Undersecretary and BOI Managing Head Ceferino S. Rodolfo deemed the partnership as “more than fulfilling,” saying new businesses are “not only confined to metropolitan cities, but are distributed nationwide.” The investment promotion agency noted that Rodolfo suggested that the province explore iron and steel business, as well as power for sustainability, particularly renewable energy facilities, which he believes will be “truly beneficial” to the province.
Tan also assured possible investors in Samar that they would be safe and welcomed as the province is working to overcome its challenges, BOI noted.