DTI-Baguio presents areas for investment-A A +A
Sunday, March 2, 2014
AS THE Philippines' summer capital celebrated its annual Panagbenga flower festival in February, Baguio City was also host to a trade mission led by Honolulu Mayor Kirk William Caldwell and members of the Honolulu Chamber of Commerce.
DTI Baguio-Benguet Provincial Director Freda Gawisan, during the joint Honolulu and Baguio Chamber of Commerce forum, presented Baguio City’s Investments and Incentives Code (BCIIC).
With DTI’s active involvement with the private public partnership or PPP program, Gawisan discussed various incentives that will be provided to new businesses and expansion and diversification projects for investment in the city.
Of the 13 major considerations, Baguio City prioritizes green manufacturing and exporting industries that are practicing waste minimization, pollution prevention and clean technology with environmental management systems.
Referred to as "Green Buildings" that follow accepted standards for green engineering, Gawisan stressed the need to have an efficient use of energy, water and materials in the investment architecture to bolster the citizen’s right to a balanced ecology.
With the growing creative industries that are based in Baguio, Gawisan likewise presented to both chambers the business process outsourcing plan for IT and IT-enabled services, film and performing arts production.
Tourism-oriented and related establishments like a convention center, retirement villa, five-star hotel, health-care and wellness programs to cultural preservation centers are among the potential areas for investors to look into, according to the DTI head of Baguio and Benguet.
With Baguio’s limited land resource, the investment code also includes investment for housing that covers the development of low-cost mass housing that will benefit the city’s homeless residents.
Also presented to the Aloha delegation are potential areas for investments like water and energy resources development and research and development that covers activities and establishment of testing laboratories, centers of excellence (COE) and skills development institutions.
Since Baguio is an educational center with majority of its populace composed of students, the BCIIC gives preference to mass transportation facilities and multi-level parking to include sports facilities that complies with international standards.
The localized public-private partnership programs of the City of Baguio recognize the value of historical and heritage sites, thus the code covers any preservation and development projects towards these landmarks, Gawisan said.
Before ending her presentation, Gawisan mentioned other services being undertaken by her agency like the programs under the Board of Investments, a branch of DTI that grants tax holidays and other administrative assistance. (Art Tibaldo)
Published in the Sun.Star Baguio newspaper on March 03, 2014.