The Proposed Investment and Incentive Code of Misamis Occidental: The Prize of Teamwork
“My baptism of fire!” was how neophyte Board Member Pablo Stephen C. Ty, Chaiperson of the Committee on Commerce, Trade & Industry and Economic Development of the Sangguniang Panlalawigan , described his committee’s first meeting with the Technical Working Group(TWG) that is tasked to draft the “Investment and Incentives Code of Misamis Occidental.” BM Ty in his opening statement during the first meeting held on March 22, 2017, articulated the need for the said Code that would spell out the Provincial Government’s investment policies and programs; investment priority areas and fiscal and non-fiscal incentives that will entice local and foreign investors to invest in the Province. The influx of investments will accelerate the growth of industries which can open more employment and livelihood opportunities for Misamisnons. He further stated that the Code also intends to encourage and broaden the concept of Public-Private Partnership(PPP) in eco-socio-bio environment-friendly and climate change-resilient projects.
The TWG composed of prominent and experienced personalities from the chambers of commerce and industry, cooperative, banking, and business sectors, Provincial Government Department Heads and key government agencies had their second meeting on March 29, 2017 that resulted in the finalization of the Proposed Investment and Incentives Code. It was also during that meeting when the public hearing of the Code was scheduled and that will be on April 7, 2017. At the end of the meeting, the Chairperson together with the Vice-Chairperson, BM Tito B. Decina, and committee members, BMs Emeterio B. Roa, Sr.,Zaldy G. Daminar and Dodge L. Cabahug, Sr., expressed their appreciation and gratitude to the members of the TWG for sharing their time and expertise in the crafting of the Code.