Treñas reactivates City Investment Incentives Board
Mayor Jerry P. Treñas has reactivated the Iloilo City Investment Incentives Board (ICIIB) through executive order number 44-07 and named the composition of the board.
"The board was in existence since last year through an ordinance passed by the city council called the Iloilo City Investment Incentives Code 2006 but I recently added individuals from the private sector to its membership since this is primarily for them," Treñas said.
The ICIIB is now composed of businessman Ernesto Borromeo, Jr. as chair and representative of the mayor, Iloilo Business Club president Antonio Jon as vice-chair and Councilors Jose Espinosa III (SP chair on trade, commerce and industry) and Armand Parcon (SP chair on tourism, culture and historical affairs); city tourism officer Benito Jimena, city treasurer Katherine Tingson, city planning and development coordinator Jose Roni Peñalosa, city legal officer Edgardo Gil, DTI provincial director Diosdado Cadena, DOLE-VI regional director Aida Estabillo, Fil-Chinese Chamber of Commerce Iloilo, Inc. president Roland Uy, Chamber of Commerce and Industry, Inc. president Angel de Leon, Bankers' Association Iloilo president Teresa Lao, Philippine Retailers Association-Iloilo Chapter president Francis Chung and Iloilo Hotels and Resorts and Restaurants Association president Robert Ferrer.
Some of the functions of the board are to disseminate rules and procedures for the implementation of the Code; approve applications for incentives under the Code; identify and regularly update Investment Priority Areas; periodically review incentive package and recommend amendments to the city council and seek for prolific partnerships with other entities for the effective implementation of the Incentives Code.
"This is in line with my administration's thrust of making this city as investor-friendly as possible," Treñas stressed.
(EAM/PIO)