THE Board of Investments (BOI) has chosen Cagayan de Oro as one of the pilot areas for the implementation of the Project Investment Care in March.
Project Investment Care is a cyber-based system for gathering and accessing information pertaining to ready-for-occupancy (RFO) locations.
According to BOI-Cagayan de Oro Extension Office Supervising Investments Specialist Irwin Jayson Jamaca, the said project will be beneficial to the city as it can provide ease in access to information to potential investors.
Jamaca added that it would also shorten the investment decision-making, which would translate in future to having more investors in Cagayan de Oro.
"[It will also help in] having more locators in Cagayan de Oro, making investment happen in Cagayan de Oro and not in any other parts of the Philippines," Jamaca said.
Jamaca said the Project Investment Care involves the development of a stakeholder mechanism of information gathering, submission, validation, and uploading; and gathering of information on the needs of investors through surveys and interviews.
City Mayor Rolando "Klarex" Uy, for his part, welcomed the BOI's plans to implement the said project in Cagayan de Oro, saying that it will help in the City Government's continuous efforts to recover its economy. (SunStar Philippines)