The Philippines’ Department of Trade and Industry (DTI) is presenting a road show for several cities in the country to roll out the Investment Priorities Plan (IPP) for 2012 and let the public and potential investors know more about opportunities in key areas of the Philippine economy.
Trade Undersecretary Cristino Panlilio said in an interview with the Philippine Star that the roadshow will also explain the general principles of the IPP to the public.
This year’s IPP, which identifies business activities that enjoy incentives from the government, was approved by President Benigno Aquino III last June. The sectors that were listed as preferred activities in the 2011 IPP remained in the 2012 list. Joining them in the 2012 list are hospital or medical services and iron and steel.
The 2012 IPP list preferred activities also includes knowledge-based services or creative industries, research and development, infrastructure, disaster prevention, mitigation and recovery projects, strategic projects, agribusiness and fishery or agriculture, mass housing, shipbuilding, energy, motor vehicles, and green projects.
According to the Philippine Star report, a published notice indicates that the DTI roadshow kicked off in mid-August in Dipolog City and will continue from the end of August up to the second week of October in Butuan, Naga, Baguio, Bacolod, Tacloban, Davao, Puerto Princesa, Cagayan de Oro, Tagbilaran, and Pasay.
