CAGAYAN DE ORO CITY – The Board of Investments (BOI) is looking for ways to elevate the livestock industry of Northern Mindanao at par with Association of Southeast Asian Nations (Asean) standards.
In this era of Asean integration, BOI Investment Assistance Service director Raul Angeles said that the prolific livestock industry of Region 10 is a potential export that must first be competitive with its Southeast Asian neighbors so it could capture the market.
Angeles said that BOI is offering various programs and technical assistance at the local level so homegrown businesses like the livestock producers here could benefit.
Northern Mindanao has around 270,000 heads of cattle, 234,300 goats, 124,000 carabaos, 899,200 hogs, 7.3 million broilers, 7.6 million native chickens and 3.3 million layer chickens.
Angeles’ team was in this city last Wednesday to disseminate the 2017 Investment Priorities Plan for the region.
The 2017 Investment Priorities Plan will serve as a blueprint in guiding Filipino and foreign investors in matching their entrepreneurial and financial capacities with the identified opportunities to steer the country’s economic growth to a broader and sustainable path.
It aspires to maintain the Philippines’ competencies while developing sectors with potential for inclusive growth by connecting micro, small and medium enterprises (MSMEs) to the global value chain.
The new IPP has been broadened to encourage and attract new capital in sectors and regions that address the inequality of growth and employment.
New priority activities for the 2017 IPP are innovation drivers to underscore the important role of research and development and inclusive business models for agribusiness and tourism which fosters income and business opportunities for the poor or low earners of society by integrating them to engage in business or jobs with the supply chain or medium or large companies.
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