Vol. XXII, No. 90-A [ BusinessWorld Online ]
Saturday, November 29, 2008 | MANILA, PHILIPPINES
KORONADAL CITY - A special body to promote trade and investment potentials in South Cotabato has been created by the provincial government.
The South Cotabato Investment and Promotion Board was created via Executive Order 21 issued by Governor Daisy P. Avance Fuentes, who said the move was in line with the province’s revised investment code.
The board was mandated to "formulate a sustaining policy that would encourage and support private investments, consistent with the development thrust of the province."
The board, which is chaired by the governor, will "promulgate the rules and regulations necessary to implement the code, taking into consideration the cultural, economic, religious, technological and environmental aspects of the community; review and approve applications for registration not exceeding 30 days upon receipt thereof."
The heads of the Sangguniang Panlalawigan’s committees on trade and industry, finance, and budget and appropriations were designated as co-vice chairmen.
A South Cotabato Investment Promotion Center will be established to complement the board’s operations.
