The presidential award to be given on July 10
TACLOBAN CITY – The provincial government of Northern Samar has received commendation from Malacañang for coming up with initiatives that have improved the business climate and attracted investments to the province.
Under Governor Edwin Ongchuan, and through its Provincial Economic Development and Investment Promotions Office (PEDIPO), Northern Samar will receive presidential recognition for outstanding development partner in the category of creating and improving the business climate, which will be awarded on July 10.
“This recognition not only validates our dedication but also serves as a catalyst for further investments, ultimately boosting the province’s economy and creating opportunities for its residents,” said Jan Allen Berbon, PEDIPO head.
Under Ongchuan’s leadership and in coordination with PEDIPO, the provincial government initiated strategic measures to foster a business-friendly environment, focusing on the creation of the provincial green lane.
This initiative was designed to streamline investment procedures and expedite business permits, making it easier for investors to process necessary documents and cut any red tape.
Among the significant multi-billion peso projects that have come to the province due to the improved business climate are those in the renewable energy sector.
Since the operation of the green lane or one-stop shop at the capitol in Catarman town, the province has already attracted two major investments.
These include a common cell sites project by Philtower Consortium and the P108 billion offshore wind power project by Copenhagen Infrastructure Partners and Aboitiz Infrastructure.
Additionally, a tidal energy project by Energies PH Inc., the first of its kind in the Philippines and Southeast Asia, is also in the pipeline. (JOEY A. GABIETA)
