The Philippine Board of Investments (BOI) in collaboration with the Japan International Cooperation Agency (JICA) is conducting a study on the potential industries and further economic development for the Central Luzon and Calabarzon regions.
The study, which commenced August 2016 and will run up to March 2017, aims to identify the potential industries in the said regions that can play central roles in the development of such areas by analyzing the identified industries' global value chain structure.
The study also aims to identify the institutional and infrastructure bottlenecks that hamper the development of such industries and design concept plans to address and promote its development and growth.
"The study is in line with President Rodrigo Duterte's 10-point economic agenda particularly in increasing the competitiveness of industries and easing the cost of doing business to further attract foreign direct investments and businesses in the regions, provinces, and local cities," said Trade Undersecretary and BOI Managing Head Ceferino Rodolfo.
Source: Philippine Information Agency