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Bacolod City, Philippines Monday, March 2, 2020
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Capitol, 31 LGUs to craft
investment framework


Negros Occidental and its 31 local government units will start drafting their economic development framework to make it more attractive to investors, business leader Frank Carbon said yesterday.

Carbon, chief executive officer of the Metro Bacolod Chamber of Commerce and Industry, said the provincial government, the representatives of the 31 LGUs, and the business group will meet for three days, from March 3 to 5, to prepare their investment prospectus.

He said the activity will be led by former Rep. Alfredo Benitez, provincial consultant on economic affairs, while the business group will be there to guide the localities in drafting their investment framework.

He said the MBCCI will guide the LGUs to make their economy palatable to investors. “They have to focus on their competitive advantage and identify the existing businesses that need more investments,” he added.

He said LGUs also have to consider their resources and infrastructures when crafting their investment prospectus.

“We have to think global. We have to take a look at other opportunities, after sugar,” he added.

Carbon said it is the LGUs that will decide which businesses they will push, and focus its own economic activities. He added that they have to give attention to three big industries so they can generate more jobs for the residents and attract more investors.

Moreover, he said, the investment prospectus of the LGUs will be presented in a business forum in the province with the neighboring Asian countries, Australia, and Oceania region, in November.*


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