Skip to main content

Bohol Investment Board (BIB)

The Bohol Investment Board (BIB) chaired by Gov. Erico Aumentado recently endorsed two proposed economic zones to the Philippine Economic Zone Authority (Peza).

These are the Frankho Saltern Corp. Properties and the Gershon Pharmaceutical Laboratories, Inc.

Frankho has a 120-hectare area in Barangay Achila in Ubay town. It intends to go into lime processing as well as establish a Jatropha processing plant.

On the other hand, Gershon has 50 hectares, 30 of which are contiguous, in Barangay Tanghaligue in Talibon town. It intends to expand its pharmaceutical laboratories, preferably with a foreign partner, and set up a carrageenan processing facility.

It also intends to go into agricultural research and development, particularly on carrageenan and DHA, an additive for milk, as well as lactose byproducts.

The site is adjacent to Barangay Bagacay, which already has a municipal port – making it doubly ready for when it decides to export its products.

Maria Fe Dominise, head of the Bohol Investment Promotion Center (BIPC) that is the secretariat of the BIB, says economic zones provide physical and non-physical incentives to developers. They enjoy attractive incentives from PEZA and the Board of Investments like waived gross taxes and duty-free imports of equipment.

Local governments also provide incentives. In the case of Bohol, she said on top of realty tax holidays, among others, it also offers assistance in complying with documents and their processing in order to attract investors.

A plus factor in setting up economic zones, she added, is that Peza and the Bureau of Customs (BOC) also locate in the area, making subsequent document processing even easier. - June S. Blanco

Popular posts from this blog

Panglao Bohol International Airport Update

The Department of Transportation and Communication (DOTC) has endorsed Gov. Erico Aumentado's request to frontload the 2010 budget for the Panglao Bohol International Airport to 2009.
  In a letter to Budget and Management Secretary Rolando Andaya, DOTC Secretary Leandro Mendoza favorably endorsed Aumentado's request seeking the frontloading, citing among other reasons, that 2010 is an election year.
  As such, Aumentado had explained, Congress might not be able to approve on time the calendar year 2010 General Appropriations Act (GAA), giving the country no other choice but to operate on a reenacted budget.
  A reenacted budget would jeopardize the airport project, the governor pointed out, because the 2009 budget carries only P307.5 million for the airport. The balance of the amount that President Gloria Macapagal-Arroyo earlier approved for DOTC to come up with stands at P690,971,398 for a total allocation needed of P998,471,398.
  The Manila International Airport Authority (MI…

Bohol Tourist Spots - Bohol Attractions

Heading east from Tagbilaran along the south coast takes you first to the coastal fishing town of BOOL , 5km away. Said to be the oldest settlement on the island, it's also the site of the  Blood Compact Site, marked by an attractive bronze sculpture on the seafront. This is the spot where local chieftain Rajah Sikatuna and Miguel Lopez de Legazpi concluded an early round of Philippine–Spanish hostili-ties in 1565 by signing a compact in blood. Every year for one week in July, Boholanos gather in Bool for the  Sandugo  (One Blood)  festival  which, apart from the usual beauty pageants and roast pigs, includes a passionate re-enactment of the blood ceremony.
About 2km east of Bool, BACLAYON  is the site of  Baclayon Church, the oldest stone church in the Philippines. Much of the existing facade was added by the Augustinian Recollects in the nineteenth century, but the rest dates back to 1595 and was declared a national historical landmark in 1995. The church's convent has been t…

Muslims in Bohol Philippines

The Muslim communities scattered all over Bohol stood us one Friday to make an unfavorable position of the hasty agreement defining the so-called ancestral domain of the Bangsamoro people.The ethnic leaders assembled Friday at Camp Dagohoy to witness the blessing and inauguration of the  new police center catering to Muslim issues and concerns. It is called Sala'am Center.It was an opportune time for the Post to get the reaction of the Muslim leaders given the combustible issue of a peace agreement between the government and the Moro Islam Liberation Front (MILF) now catching fire from all segments of Philippine society.The government and the MILF on Tuesday were set to sign a memorandum of agreement on ancestral domain following 10 years of off-and-on negotiations. But the Supreme Court stopped the ceremony after local Mindanao officials protested the inclusion of their areas in an expanded Moro homeland without consultations.Critics said the broad economic and po…