A productive meeting was held again by the members of the Investment Promotion Agencies (IPAs) hosted by the Authority of the Freeport Area of Bataan (AFAB) on March 22 to 23 at Camaya Coast, Mariveles, Bataan. AFAB Administrator Emmanuel D. Pineda personally attended the said event to warmly welcome the guests coming from different parts of the country.
AFAB Administrator Emmanuel Pineda together with BOI Director Maria Rosario Dominguez and Executive Director / PIPP-TWG Chair Evariste Cagatan.
The Philippine Investment Promotion Plan (PIPP) – Technical Working Group (TWG), led by the Bureau of Investments (BOI) aims to plan its next steps in synchronicity towards positioning the country as a prime investment destination.
The group comprises 19 Investment Promotion Agencies (IPAs) tasked to formulate and develop strategies to position the country as among prime destinations for investments – each one having distinct locational advantages and offering attractive incentive packages. The IPA’s are divided into three (3) clusters based on the priority industries, geographic locations, and strengths, namely the Manufacturing and Logistics, Tourism, and Agro-Industrial.
PIPP-TWG delegates discuss with their investment group to formulate and develop strategies to position the country as among the prime destinations for investments.
The AFAB is clustered under the Manufacturing and Logistics Group along with the Bases Conversion and Development Authority (BCDA), Clark Development Corporation (CDC), Clark International Airport Corporation (CIAC), Subic Bay Metropolitan Authority (SBMA), Subic Clark Alliance for Development (SCAD), and Philippine Economic Zone Authority (PEZA); while Aurora Pacific EcoZone (APECO), Cagayan Economic Zone Authority (CEZA), John Hay Management Corporation (JHMC), Poro Point Management Corporation (PPMC), Tourism Infrastructure and Enterprise Zone Authority (TIEZA), the Tourism Promotions Board (TPB) under the Tourism Cluster; and the Mindanao Development Authority (MinDA) and Zamboanga City Special Economic Zone Authority (ZCSEZA) under the Agro-Industrial group.
The two-day activity started with a day-long meeting and ended with a factory tour at East-CAM Tech Corporation, a FAB-registered enterprise engaged in the business of manufacturing mountaineering bags.