BOI bullish on investment outlook for Visayas

Tourists walk along a rehabilitated beach in Boracay Island, a day after the popular tourist destination reopened in late October, to welcome tourists landing by boatloads on the resort island. AFP

KALIBO, Aklan – The Board of Investments (BOI) in the Visayas – its office based in Cebu City – is bullish with their positive outlook on the anticipated increase of investments in the three central regions this 2019.

In an interview, Ellorence Cruz, head of BOI-Cebu, said that both the tourism and agriculture sector remain the strongest economic drivers for the Visayas.

Cruz was in this province for a presentation on the BOI’s Investment Priorities Plan (IPP) for the year 2017 to 2019. The said program is supported by the Department of Trade and Industry and the Philippine Chamber of Commerce and Industry-Kalibo.

Cruz said that contributing to an increasing tourism investment trend in the Visayas is the reopening of Boracay Island. The Department of Tourism and local government units of the Visayas are also seen mounting widespread campaigns to promote their respective beach and ecotourism destinations to both local and foreign tourists.

The BOI also reported the possible lifting of geographical restrictions for agricultural and tourism accommodation facilities in the Visayas – excluding rehabilitated Boracay Island./PN


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