La Union Updates Investment and Incentives Code
By: Mia Jayn Ochoco, GPC-LEEIPU | Photos By: GPC-LEEIPU | Date: May 7, 2021
With the aim to bolster economic activities and attract investors amidst the pandemic, the Provincial Government of La Union (PGLU) along with the Department of Trade and Industry - La Union (DTI-LU) is extending technical assistance to component Local Government Units (LGUs) to update their Local Investment and Incentives Code (LIIC).
As the La Union Investment and Incentives Board (LUIIB) secretariat, the Local Economic Enterprise and Investment Promotions Unit (LEEIPU) headed by Ms. Charito C. Dator assisted in the creation of a Technical Working Group (TWG) to guide in updating their LIIC during their monthly meeting held on May 7, 2021 via video conferencing.
The TWG, headed by DTI-LU Provincial Director, Merlie D. Membrere, will also assist the LGUs in crafting the Implementing Rules and Regulations of their LIIC.
The TWG aspires to align the LIICs with the recently signed Corporate Recovery and Tax Incentives for Enterprises Act, producing more competitive incentives and attracting investors to make the Province of La Union a preferred investment area.
The La Union Investment and Incentives Board Meeting was presided by Vice Chairperson Lina Flor G. Hizon. Also present were other board members: Sangguniang Panlalawigan Member Jonathan Justo A. Orros; Engr. Cherish Rillera-Caasi representing Mayor Stefanie Ann Eriguel; Mr. Cesar Ocampo; Mr. Ronald Dy; and Dr. Catherine Bada representing Atty. Felix S. Racadio. Guests from the PGLU who served as resource persons in their field of expertise were Provincial Legal Officer Atty. Dominique Jose S. Puzon; Atty. Marion Guerrero; and Acting Provincial Treasurer Janet Molina.
