OroChamber President Antonio Uy is calling all local government Executives in Region 10 to enact business-friendly policies and ordinances.
In a dialogue held yesterday with the Officials of the Municipality of Villanueva, the OroChamber Chief echoed the major concerns of potential locators on fees and licenses duplication and processes.
“By business-friendly policies and ordinances, we mean that potential investors should not be overly taxed and subjected to go through protracted processes in registering the business and even in maintaining existing plants,” Mr. Uy shared.
It is even advisable to come out with a revenue code as this will serve as a ready blueprint guiding every interested locator on the things to accomplish and to be paid for.
But just like any other blueprint, a revenue code should be well-founded and well-researched to avoid duplications that can dissuade possible investors.
Promote CDO President Ruben Vegafria said that in cases where there are duplications, businesses will review other options. Chances are, investors would go to other areas supportive of their profitability and sustainability goals.
Several business organizations e.g. Cagayan de Oro Chamber of Industries, PHIVIDEC Industries Association, MOFCCCI, and Promote CDO Foundation were also present in the meeting.
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