Saturday, May 18, 2024


Malaybalay city gov’t launches new office to attract more investors


Central Mindanao Newswatch - local newspaper

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The City Government of Malaybalay successfully launched the Local Economic Development and Investment Promotions Office (LEDIPO) on March 28, 2023, at Loiza’s Pavilion, Brgy. Casisang, Malaybalay City

The office was created to facilitate the preparation, coordination, and execution of local economic development and investment promotion policies, programs, and activities. More so, it will assist the Local Investment and Incentives Board (LIIB) in carrying out the objectives of code 926 or also known as the Revised Malaybalay City Investment and Incentives Code.

The launching was attended by department heads of the City Government of Malaybalay and LEPIDO Board Members.

Hon. Cromwell Kiril Dinlayan as the Vice Chair of the Local Investment and Incentives Board gladly welcomed the participants and highlighted that the launching of LEDIPO marks the beginning of the mission in promoting Malaybalay City as a destination for investors.

City Mayor Hon. Jay Warren Pabillaran gave his words of encouragement to continue every endeavor that has been started so that both Malaybalay and the investors could avail the opportunities in the future.

Hon. Pabillaran also persuaded other offices to give their full support in the objective to make Malaybalay a business-friendly city and to maintain transparency in order to attract more investors.

Likewise, Vice Mayor Hon. Estelito Marabe, the author of the Revised Investment and Incentive Code, encouraged the offices in creating strategies to promote Malaybalay as a potential area for investments.

The creation of LEDIPO that will focus on fiscal and non-fiscal incentives will likely invite more investors, Hon. Marabe added.

On the plenary, Ms. Amalia Propia, CLGOO presented the DILG MC 2020-167 or the guidelines on promoting local economic development and investment promotion and the establishment of LEDIPO.

Meanwhile, Ms. Famelah Raquel Villanueva, PD of the Department of Trade and Industry) DTI Bukidnon discussed DTI’s Devolution Transition Plan emphasizing DTI functions to be devolved to LEDIPO.

More importantly, Mr. Romeo Lapeciros, Jr. LEDIPO- Designate, clearly expressed the salient features of Ordinance 926 or the Revised Malaybalay Local Investment and Incentives Code (LIIC), which includes the fiscal and non-fiscal incentives for the investors whose businesses or enterprise is registered in line with the investment priority areas (preferred projects) indicated in the LIIC.

City Administrator Atty. Anna Marie R. Bergado, CPA stressed in her concluding message that the launching of LEDIPO is another step forward and that the success of these efforts will not be achieved without the collective efforts of all offices.

Thereafter, the first Local Investment and Incentives Board Meeting followed with Mayor Pabillaran presiding over the meeting being the Chairman of the Local Investment and Incentives Board.

Among present were members of the Board with Hon. Cromwell Kiril Dinlayan as the Vice Chairperson and with members Hon. Brian Nelson Flores, Hon. Christopher Soria, Hon. Bonifacio Valiente, Mr. Romeo Lapeciros, Jr., Juancho Chiong and Mr. Roberto Tinsay, representative of the Malaybalay City Chamber of Commerce and Industry.

Agenda includes the presentation of projects, programs, and activities of LEDIPO, the Business Forum, and the proposal for the additional members of the board. (LGU Malaybalay)

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