The Board of Investments said it convened the first 36-member agency Investment Promotion Unit Network meeting to address the issues being faced by local and foreign investors.
The agenda included various concerns about the business environment, particularly business registration, tax-related issues, import procedures, consistency of the investment framework, developments in the industrial sector, and other relevant matters aimed at improving the business environment in the Philippines.
For his part, BOI Executive Director Fondevilla said “the commitments we make following this meeting will enhance the business environment, attracting more investments, creating jobs, and improving the perception of investors in our country.” “Proposals included the adoption of strategies aimed at the digitalization of government operations, streamlining business registration and land conversion applications, and securing favorable endorsements from LGUs, among others,” the investment promotion agency said.