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Page 1 of 34
RBOI Annual Accomplishment Report 2016
I. MANDATE
I.1 LEGAL BASIS
I.1. The Omnibus Investment Code of 1987- Executive Order No. 226
Registration of investments with incentives pursuant to E.O. 226 otherwise known as the Omnibus Investments Code of 1987.
I.2. Executive Order No. 458.
Devolving the powers and functions of the Board of Investments over investments within the Autonomous Region in Muslim Mindanao to the Autonomous Regional Government and for other purposes signed by then President Corazon C. Aquino on May 17, 1991.
Section 27, Article XIII of Republic Act No. 6734, otherwise known as the Organic Act of the Autonomous Region in Muslim Mindanao (ARMM) provides that the Autonomous Regional Government (ARG) shall regulate and exercise authority over the foreign investments within its jurisdiction in accordance with its goal and priorities, subject, however, to the Constitution and National policies.
I.2.MANDATE
a. Investments Promotion in the ARMM
a. Develop investments promotion strategy for the ARMM
b. Build effective partnerships towards investments promotion with the LGUs
c. Target, anticipate and generate investments
d. Identify effective marketing approaches; and
e. Services investments client’s needs
b. Development of Industries
a. Register, monitor and administer investment incentive to registered enterprises
b. Coordinate activities aimed at creating an investor friendly business environment
including after care services to investors
c. Prepare positions on industry and investment related concerns
d. Oversees the development and promotion of industries and sectors that are not
under the jurisdiction of any government agency; and
e. Formulate guidelines for the rationalization of certain industries
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RBOI Annual Accomplishment Report 2016
II. EXECUTIVE SUMMARY
II. INTRODUCTION
The Regional Board of Investments (RBOI) is the agency responsible in the promotion and generation of investments. It also grants incentives to qualified investors engaged in projects that boosts economic activities in the region. The agency is geared towards increasing investment and employment generation. These projects are expected to bring about gainful employment, provide income for the people of ARMM, address security issues and most importantly sustain the economic growth of the region.
II. a. INVESTMENT GENERATION
(Table 1.) 2016 Annual Target vs. Actual Accomplishment
Performance Indicator (MFO7)
Annual Target
Actual Accomplishment
Percentage of Accomplishment
Remarks
No. of applications approved/evaluated
16 4 25% 2 evaluated 2 approved
Value of Investments Generated
Php900 M Php2.111B 235% Exceeded target by Php1.2B
Jobs Created 900 1,034 115% Exceeded target by 134
This year, the agency has evaluated and approved 2 applications for RBOI registration with a
combined project cost of Php 2.11 billion with total jobs created of 1,034. The two (2) firms approved and registered by RBOI were Gintong Agri Corporation and Kaltimex Rural Energy Corporation.
(Table 2.) CY 2012 to 2016 – Registered Investments and Jobs Generated
YEAR TOTAL INVESTMENTS
(Php’000) JOB GENERATION
2012 569 M 1,016
2013 1.463 B 1,743
2014 3.867 B 3,433
2015 6.579 B 4,894
2016 2.111 B 1,034
TOTAL 14.589B 12,120
A total of Php14.589 billion worth of investment projects have been poured in the region since the start of the Hataman Administration in 2012 up to the present year 2016 and recorded a total job generation of 12,120.
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RBOI Annual Accomplishment Report 2016
II. b. MONITORING OF REGISTERED FIRMS
This 2016, the agency has monitored 30 firms per quarter or total monitoring activities of 120 in the whole year. This is to check and monitor the firms’ compliance to the terms and conditions of its registration and policies promulgated by the Board.
(Table 3). 2016 Annual Targets vs. Actual Accomplishment
Performance Indicator (MFO-7) Annual Target
Actual Accomplishment
Percentage of Accomplishment
Firms Monitored 30 30 100%
Incentives Monitored/ Supervised/Dispensed
8 8 100%
Percentage of clients who rated the services as satisfactory or better
100% 100% 100%
No. of Inter-agency/Industry Linkages/Investments/
Consultations Conducted 4 14 350%
Eight (8) incentives/services were dispensed to four (4) RBOI registered firms this 2016.These
incentives are in the forms of Income tax holidays, equipment importation, genetic materials importation and tax credit. Two firms were issued with certificates of good standing or Unique Reference Numbers (URNs).
II.c. INVESTMENT PROMOTION ACTIVITIES II. c.1.The 2017-2019 ARMM Investment Priorities Plan (IPP)
As mandated under EO 458, devolving the powers and functions of BOI to ARMM Regional Government, the Regional Board of Investments (BOI) is the agency responsible in identifying priority activities to be registered and administered in the IPP for projects locating in the ARMM.
The 2017-2019 ARMM Investment Priorities Plan (IPP) is formulated based on the
updated Philippine Development Plan (PDP) 2017-2019 and ARMM Regional Development Plan. Anchored on the present Administration’s zero + 10-point Socio Economic Agenda and Ambisyon Natin 2040, the 2017 ARMM IPP List aspires to promote investments in preferred economic activities and sectors that will have direct and positive impact on the lives of the Filipinos in the ARMM region to attain prosperity for all.
The process of the RBOI in the formulation of the 2017 ARMM IPP involves a series of consultation sessions with the public and private sectors and civil society and evaluating the potential contribution of these identified economic activities and industries to create quality jobs, move up the value chain, diversify the region’s agri-fishery base, generate “spillover effects,” and engender a more competitive environment.
The economic activities listed in the ARMM List will be entitled to fiscal and non-fiscal incentives
under Executive Order No. 226 otherwise known as the Omnibus Investments Code of 1987, as amended, provided they qualify certain criteria and fulfill the terms and conditions of registration with RBOI.
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RBOI Annual Accomplishment Report 2016
II.c.2. The 2017 ARMM IPP lists
The 2017-2019 ARMM List in the IPP 2017-2019 has the following as priority activities: export industry; agriculture and aquaculture; basic industries; infrastructure; industrial service facilities; engineering industries; logistics; BIMP-EAGA related investment enterprises; tourism; health and education services and facilities; Halal industry; bank and non-bank financial institutions including Islamic banking and finance; and energy.
II.c.3. RBOI as IPA member of PIPP
RBOI is also an active member of the Philippine Investment Promotion Plan (PIPP) Team. Through the PIPP, the agency is able to work with the Subic Bay Metropolitan Authority (SBMA), Philippine Economic Zone Authority (PEZA), Clark Development Export Zone (CDC) and other Investment Promotion Agencies (IPAs) in the country. This will enable the region to widen its investment reach both domestic and foreign, broadened its network and linkages of investors, partner agencies and institutions. The PIPP is the blueprint for all IPAs to synchronize strategies in investment promotion. II.c.4 RBOI Linkages and Networks.
The agency was able to link with fourteen (14) institutions on investment related activities and projects towards mutual cooperation and partnerships. RBOI made networks with the following agencies/organizations/LGUs namely: Mindanao Development Agency (MinDA), Unfruitti Group of Companies, Hineleban Foundation Inc., Philippine Business for Social Progress, DTI-Board of Investments National Office, the ARMM Regional Economic and Linkage Cluster (EGL) through RPDO, Bangko Sentral ng Pilipinas (BSP), Regional Economic Zone Authority (REZA), LGU-Marawi City, LGU-Tawi-Tawi Province, LGU-Upi, Maguindanao, LGU-Parang, Maguindanao, Embassy of Switzerland and Japan International Cooperation Agency (JICA). II. d. TOP 10 MAJOR ACCOMPLISHMENTS IN 2016
1. Registered total investment amounting to Php2.11 billion in 2016. RBOI has surpassed its target of Php 900 million by 235%. Also exceeded job generation target of 900 to about 115% or 1,034 jobs.
2. For the last four (4) years, the agency has been consistent in generating investments at Php1
billion per year. Since 2013, the agency has achieved total investments value of Php 14 billion. Even with the Mamasapano incident in 2015, investments in 2016 did not suffer much as the agency still reached the 1 billion mark.
3. The significant achievement of attracting power investments in Tawi-Tawi through the power
plant project of Kaltimex Rural Energy Corporation which is set to expand in Sulu and Basilan
4. The ARMM List of the 2017-2019 Investment Priorities Plan (IPP) has been formulated and submitted through DTI-National for approval and signing of President Rodrigo Roa Duterte this January 2017. For the first time, consultations for the IPP ARMM List was brought to the island provinces like Tawi-Tawi and Basilan. Other IPP Consultations were conducted in Cotabato City, Marawi City, Upi and Parang, Maguindanao
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RBOI Annual Accomplishment Report 2016
5. RBOI for the second time received an award as “Outstanding Partner in the Report for Regional Economic Development from the Bangko Sentral ng Pilipinas (BSP) for the agency’s contribution in providing timely, comprehensive and relevant reports to BSP;
6. RBOI is also an active member of the Philippine Investment Promotion Plan (PIPP) Team and is regularly participating in the PIPP meetings and activities;
7. RBOI heads the ARMM Cabinet- Economic Growth and Linkage Cluster. This year, the cluster had four regular meetings. RBOI also later this year became the Chair of the Regional Economic Development Committee (REDC);
8. Conducted a well-attended “Forum on the Business Experience of Autonomy vis-vis Federalism: The ARMM Case on September 7, 2016, Cotabato City.
9. Co-organized with DTI-BOI-National Office the 16th of a series of Regional Conferences dubbed
as “Industry Roadmaps and the AEC Game Plan: Roadmap Localization for Competitiveness on December 13, 2016 at Em Manor Hotel, Cotabato City
10. Made initial discussions with the Philippine Business for Social Progress (PBSP), Hineleban
Foundation Inc. and Unifruitti Group of Companies regarding the Bangsamoro (ARMM) to achieve Inclusive Development and Growth (BRIDGe) Project that aims to facilitate the development of the Bangsamoro-specific business investment standards and protocols that will empower both communities and businesses to engage into sustainable business enterprises. The project will start its implementation after a Memorandum of Understanding (MOU) is signed by the parties involved in the project on January 23, 2017.
From Left. Shamera A. Abobakar of RBOI, Iluminada T. Sicat, Managing Director of BSP-Regional Monetary Affairs Sub-Sector, Atty. Ishak V. Mastura, Chairman/Managing Head of RBOI holding the Eagle Trophy Award from Bangko Sentral ng Pilipinas (BSP) as 2016 ARMM Outstanding Partner, Perry B. Dequita, Deputy Director, BSP-Cotabato Branch and Jaime Nartatez of RBOI
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RBOI Annual Accomplishment Report 2016
III. THE REPORT: PHYSICAL ACCOMPLISHMENT III. A. Firms approved and registered by RBOI in 2016
1. Approved the application for registration of Gintong Agri Corporation located at Brgy.
Sifaran, Datu Odin Sinsuat Maguindanao engage in Palm Oil Plantation and Milling of Crude Palm Oil with capacity of 30 FFB MT/HR. The total project cost is One Billion Three Hundred Million Pesos (P 1,300,000,000.00) to generate 1,000 workers upon its full operations.
2. KALTIMEX Rural Energy Corporation (KREC) company will be setting up an 8MW capacity diesel power plant in Bongao, Tawi-Tawi worth P811 million creating 34 jobs. The company is set to provide a 24/7 round the clock power supply through the Tawi-Tawi Electric Cooperative, Inc. (TAWELCO) to service the development requirements of the Province of Tawi-Tawi. Kaltimex, specializing on providing power to off-grid areas will also be expanding their operations in Basilan and Sulu.
(Table 4.) Summary List of Firms approved and registered by RBOI in 2016
Name of Firm Business Address Project Activity Project Cost Employment Generation
1. Gintong Agri Corporation
Brgy. Sifaran, Datu Odin Sinsuat Maguindanao
Palm Oil Plantation and Milling of Crude Palm Oil
Php 1.3 B 1,000
2.KALTIMEX Rural Energy Corporation (KREC)
Bongao, Tawi-Tawi 8MW capacity diesel power plant
Php 811 M 34
Philippine President Rodrigo Roa Duterte (center) in his first visit in ARMM awarded the RBOI Certificate of Registration to Rodrigo E. Cabrera (2
nd right), President/CEO of Kaltimex Rural Energy Corporation
on October 29, 2016 in Cotabato City. Witnessing the awarding ceremony is ARMM Regional Governor, Mujiv S. Hataman (1
st left).
Page 7 of 34
RBOI Annual Accomplishment Report 2016
Php569 M
Php1.4B
Php3.8B
Php6.5 B
Php2.1 B
0
1,000,000,000
2,000,000,000
3,000,000,000
4,000,000,000
5,000,000,000
6,000,000,000
7,000,000,000
2012 2013 2014 2015 2016
Graph 1. Value of Investments Registered CY 2012-2016
1,016 1,743
3,433
4,894
1,034
0
1,000
2,000
3,000
4,000
5,000
6,000
2012 2013 2014 2015 2016
Graph 2. Jobs Created CY 2012-2016
A.1. Comparative Report on ARMM Investments from CY 2012 to 2016
As shown in the Table 2. RBOI
registered a total approved investment of P 14.589 billion and recorded a total of 12,120 employment from 2012-2016. The surge of investments registered in the last three years (2013, 2014, and 2015) can be attributed to the signing of the Framework Agreement on the Bangsamoro (FAB) in the later part of 2012 and in 2014, the signing of the Comprehensive Agreement between the Moro Islamic Liberation Front (MILF) and the Government of the Philippines (GPH) on the Bangsamoro (CAB).
The said peace agreement encouraged confidence among businessmen to invest in the region
and take advantage of this positive business conditions.
Year 2015, recorded the highest
investments registered amounting to P6.5
billion, this is due to the registration of three
big firms namely: (1) Al Sahar Agri Ventures
Inc. with Php 3.7 billion investment for the
development of banana plantations in
Maguindanao with total land area of 2,600
hectares spread in the Municipalities of
Talayan, Buldon, Barira, and Mangudadatu; (2)
Chan C. Mining with P742 million investment
for a mining and quarrying project inthe
Barangays of Karaha, Dungon, Panglima, Sugala all in Tawi-Tawi; and (3) Lamsan Power Corporation
which invested Php 687 million worth of renewable energy project in Sultan Kudarat, Maguindanao.
In 2016, there is a slowdown of investments registered due to the effect of the synchronized
local and national elections. This may have caused investors to pause some time to wait and see and
assess the socio-economic and political situation of the region before finally deciding to invest in ARMM.
Page 8 of 34
RBOI Annual Accomplishment Report 2016
Basilan, 0.06%
Lanao del Sur,
1.30%
Maguindanao, 71% Sulu, 0
Tawi-Tawi, 28%
Agriculture 49%
Mining & Quarrying
28%
Energy and Petroleum
20%
Construction 2.5% Trading
.07%
Graph 4. Percentage of Investments by Industry CY 2012-2016
Table 5. Investments by Province (2012-2016)
As shown in Table 5, Maguindanao is the top investment destination in ARMM which generated total investments of Php 10.323 billion or 71% of the total approved investments from 2012-2016. Tawi-Tawi ranked second highest investments registered with RBOI in the region. The province generated Php 4.06 billion or 28% of the total approved investments from 2012-2016. Lanao del Sur came third with total value registered of Php 194 million representing 1.3% of the total investments in ARMM and has recorded 176 jobs from year 2012-2016 while Basilan registered Php 10 million worth of investments mainly on BIMP-EAGA trading creating 153 jobs. Sulu has no registration from 2012-2016.
Table 6. Investments by Industry CY 2012-2016
Agriculture industry is consistent top industry with the biggest investments in the region from
2012-2016. Agriculture projects account P7.215 billion or 49% of all investments approved from 2012-
2016. Mining and Quarrying came second top industry which comprise 28% or with total investments of
P4.061 billion while Energy and Petroleum industry ranked third representing 20% or P2.937 billion of
the total investments registered from 2012-2016. Other industries such as construction and trading, all
comprise about 3% of the total investments approved by RBOI from 2012-2016.
Province Investment Cost Percentage
Basilan Php 10 M .06%
Lanao del Sur Php 194 M 1.3%
Maguindanao Php 10.323 B 71%
Sulu 0 0
Tawi-Tawi Php 4.061 B 28%
Total Php 14,589 B 100%
Sector Investment
Cost Percentage
Agriculture Php 7.215 B 49%
Mining & Quarrying
Php 4.061 B 28%
Energy and Petroleum
Php 2.937 B 20%
Construction Php 365 M 2.5%
Trading Php 10 M 0.07%
TOTAL Php 14,589 B 100%
Graph 3. Investments by Province 2012-2016
Page 9 of 34
RBOI Annual Accomplishment Report 2016
Php 1.111B (71%)
Php 232M (15%) Php 210 M
(13%)
Php5 M (0%)
0%
10%
20%
30%
40%
50%
60%
70%
80%
CavendishBanana
pineapplefresh
crude palm oil woodworks
Graph 5. 2016 Export Sales Report
Php 400 M (65%)
Php 13M (2%)
Php 11 M (2%)
Php 133 M (22%)
Php 55 M (9%)
0
50,000,000
100,000,000
150,000,000
200,000,000
250,000,000
300,000,000
350,000,000
400,000,000
450,000,000
Graph 6. 2016 Domestic Sales
A.2. 2016 Export and Domestic Sales Report
(Table 7). 2016 ARMM Export Sales
Industry Export Sales
Cavendish Banana
Php 1,111,918,160 B
Pineapple fresh
Php 232,292,544 M
Crude palm oil
Php 210,415,757 M
woodworks Php 5,479,087 M
Total Php 1,560,105,548 Note: Data is as of September 2016
RBOI has recorded total Php 1.5 billion worth of export sales as of September 2016. Cavendish banana is the biggest export product and comprises 71% of the total exports produced in ARMM this year while, pineapple comprise (15%) and crude palm oil (13%). (Table 8.) 2016 ARMM Domestic Sales
Note: Data is as of September 2016
RBOI has recorded a total of Php 615 million worth of domestic sales as of September 2016. Cassava starch comprised 65% of the total domestic sales or the biggest domestic product produced in the region in 2016. Other products produced in ARMM and sold domestically are crude palm oil (22%), woodworks (9%), cornstarch (2%) and pineapple fresh (2%).
Industry Domestic Sales
Cassava starch 400,938,341
Cornstarch 13,936,000
Pineapple fresh 11,649,894
Crude palm oil 133,477,091
woodworks 55,852,600
Total Php 615,853,926
Page 10 of 34
RBOI Annual Accomplishment Report 2016
III. B. 2017 INVESTMENT LEADS
(Table 9) 2017 INVESTMENT LEADS
The potential inventors in the above list have signified their interest to invest in ARMM. At present, they are still on the process of gathering information, doing research, logistics and other preparations in relation to their business plans in the region. Estimated potential investments from the four is in the region of P6 billion.
III. C. INVESTMENT PROMOTION SUPPORT AND ACTIVITIES
The Research and Special Support Division (RSSD) leads in the formulation and implementation of the agency’s investment promotion plans design to attract investors local and foreign. The Division provides business counseling and information to investors on how to do business in ARMM. The Division organizes and makes necessary preparations in conducting investment promotion activities such as investment fora, business matching sessions and business meetings with company CEOs. Handles special projects such as investment related regional conferences, facilitate participation of ARMM participants to investments missions (inbound and outbound). Coordinate with other relevant agencies and organizations on business related concerns. Lead in the preparation of the Investments Priorities Plan
(IPP) for ARMM by conducting public consultations. The following were the activities participated and initiated by the RSSD:
1. Conducted brief orientation to the officers and members of Tabun Halal Cooperative on how to conduct a Business Matching Session. They have requested RBOI to assist them prepare for the visit of delegates from Johor, Malaysian Business Group of which they will have a business meeting/agreements with them. The briefing was held on January 14, 2016 at RBOI Office, Cotabato City.
2. Facilitated business matching meeting with the delegates of Johor, Malaysian Business Group and RBOI registered firms on January 26, 2016 at Al Nor Tower Hotel, Cotabato City.
Name of Firm Proposed Project Location
1.Kaltimex Rural Energy Corp.
Power Generation Project (26MW) Isabela City, Basilan Lamitan City, Basilan Sumisip Municipality
2.MFJS Inland Shipping Lines
Tawi-Tawi Shipping Lines Tawi-Tawi Province
3. Mactan Rock Industry Bulk Water Treatment and Supply Sultan Kudarat, Maguindanao
4.TierOne Communications International, Inc.
Telecommunication and international gateway facility in ARMM
Sultan Kudarat, Maguindanao
Page 11 of 34
RBOI Annual Accomplishment Report 2016
3. Assisted in the facilitation of Business to Business Meeting/Session during the BIMP-EAGA
Meeting on February 24, 2016 at Marco Polo Hotel, Davao City, which some of the delegation of Malaysia requested for a business matching with local businessmen from ARMM.
4. Conducted series of multi-sector public consultations on Investments Priorities Plan (IPP) in
coordination with ARMM Local Government Units (LGUs) participated by representatives from the local business sector, RBOI registered firms and ARMM concerned line agencies. The IPP consultations were conducted to allow sectors with interests to participate in the planning for the ARMM IPP covering year 2017 to 2019.
IPP consultations were organized as early as mid of 2015 starting the review in Lamitan City,
Basilan Province followed by multi-sector public consultations in Cotabato City, Parang, and Upi
Maguindanao, Bongao, Tawi-Tawi and Marawi City. A total of six (6) multi-sectoral
consultations were conducted to craft the 2017 ARMM List. All inputs and recommendations
during consultations were consolidated, evaluated and processed by the RBOI IPP-Technical
Working Group (TWG). The final draft was presented to the Board of Governors for final review
and endorsement then submitted to BOI-Manila. The final ARMM List was consolidated with the
National IPP and submitted to Malacañang, for the promulgation of President Rodrigo Roa
Duterte.
IPP Consultations were held as follows:
ARMM- Investment Priorities
Plan (IPP) Consultation on
March 14, 2016 at Al Nor
Convention Hall, Cotabato
City. RPDO Executive Director,
Baintan Ampatuan,CSEE
(2nd
left) presented on ARMM
Gains and Accomplishments
during the Hataman
Administration, (2nd
right) is
RBOI Chairman, Atty. Ishak V.
Mastura answered queries
during the open forum. Also
present is RBOI Exec. Dir.
Moner K. Dumama (1st
left)
and RBOI member of the
Board f Governors, Sukarno
Baraguir (1st
right)
Page 12 of 34
RBOI Annual Accomplishment Report 2016
ARMM- Investment
Priorities Plan (IPP)
Consultation on April 6,
2016 in Parang,
Maguindanao
ARMM- Investment Priorities
Plan (IPP) Consultation on April
27, 2016 in Upi, Maguindanao.
ARMM- Investment Priorities Plan (IPP) Consultation on November 26, 2016 in Bongao, Tawi-Tawi.
Page 13 of 34
RBOI Annual Accomplishment Report 2016
5. Participated in the Region-wide ARMM Roadmap Community Consultation from June 20-24, 2016. RBOI personnel visited the provinces all throughout the region to meet the grassroots and know their issues and concerns affecting their lives and participate in finding solutions of which the ARMM government can initiate and support.
ARMM- Investment
Priorities Plan (IPP)
Consultation on
December 6, 2016 in
Marawi City
Page 14 of 34
RBOI Annual Accomplishment Report 2016
6. The Regional Board of
Investments-ARMM conducted a “Forum on the Business Experience of Autonomy vis-vis Federalism: The ARMM Case” on September 7, 2016 Golden Lace Hall, Cotabato City. The forum was organized to raise public awareness on the issue of changing the present unitary-presidential form of government to federalism and to present the ARMM experience of
autonomy as a baseline for federalism.
Lawyer, Ishak V. Mastura, Chairman and Managing Head of RBOI said that the forum is just timely since the Duterte administration is pushing for a federal form of government claiming that it is favorable to the country due to its diverse ethnic population and existing social pluralism. The RBOI wants to take part in making the people understand the issue and develop the right decision if federalism is good or not for Filipinos, specifically to the Bangsamoro, and tackle in the forum possible advantages to business if ever a Bangsamoro State will be established under a federal government, Mastura added.
One of the speakers of the forum, Atty. Naguib Sinarimbo, former Executive Secretary of ARMM during the Adiong Administration said that Federalism in a Bangsamoro State could decentralize processing and approval of licenses and permits, could allow the region to access to robust capital market and may lead to stability of policies.
Atty. Rasol Mitmug Jr. Chief of Staff of the Office of the Regional Governor (ORG- ARMM) also one of the speakers said that ARMM is the closest actual experience that the Philippines has with Federalism. Federalism is about “Autonomy” and how to deal with it through institutions, Mitmug Jr., further said.
Another resource person, Mr. Edgar L. Bullecer, Director of Unifrutti Group Philippines shared their company’s success of almost 20 years of doing business in the ARMM despite concerns on peace and order, inadequate infrastructure, poor state of education, among others.
Participants during the Regional Board of Investments-ARMM conducted a “Forum on the Business Experience of Autonomy vis-vis Federalism: The ARMM Case” on September 7, 2016 at Golden Lace Hall, Cotabato City
Atty. Ishak V. Mastura, RBOI Chair delivering his opening statements during the “Forum on the Business Experience of Autonomy vis-vis Federalism: The ARMM Case” in Cotabato City.
Page 15 of 34
RBOI Annual Accomplishment Report 2016
7. Co –organized with DTI- BOI-National Office the 16th of a series of Regional Conferences dubbed as “Industry Roadmaps and the AEC Game Plan: Roadmap Localization for Competitiveness on December 13, 2016 at Em Manor Hotel, Cotabato City
Dubbed as “Industry Roadmaps and the AEC Gameplan: Roadmaps Localization for Competitiveness”, the regional conference aims to build the capacities of local industries and stakeholders including micro, small and medium enterprises (MSMEs) in crafting their localized industry roadmaps aligned with the national industry roadmaps. The conference also aims to discuss the economic opportunities and potentials for local industries and sectors in ARMM and how they can take advantage of the many opportunities with the ASEAN Economic Community (AEC) already in place
RBOI ARMM Chairman Atty. Ishak V. Mastura who delivered the opening remarks emphasized the importance of crafting customized industry roadmaps for the region considering the ever-growing and fast changing developments in the competitive business environment. “In an age where there are no more borders in trade, our industries in the region should shape up and move up. Though we are independent from the rest of the regions in the country, it is important to link and align our strategies with that from the national level,” Chairman Mastura said.
RBOI Chairman, Atty. Ishak Mastura (center) formally submitting the ARMM Investment Priorities Plan (IPP) to DTI-National Office through DTI Assistant Secretary Rafaelita Aldaba (1st right) during the Regional Conference on Industry Roadmaps and the AEC Gameplan on December 13, 2016 in Cotabato City. Beside Atty. Mastura is DTI-ARMM Secretary, Atty. Anwar Malang
RBOI Chair, Atty. Ishak V. Mastura presenting the 2017-2019 ARMM Investment Priorities Plan (IPP) during the Regional Conference on Industry Roadmaps and the AEC Gameplan: Roadmap Localization for Competitiveness on December 13, 2016 at Em Manor, Cotabato City
Page 16 of 34
RBOI Annual Accomplishment Report 2016
Trade Assistant Secretary for Industry Development Rafaelita Aldaba who discussed the Philippines’ new industrial policy and linking local producers to the global value chains (GVC) during the multi sector conference said, ARMM offers a lot of economic opportunities and potentials given its inherent strengths in the agriculture. “There is no reason for ARMM to be poor. We can transform the region by moving from traditional agriculture into a more modern agribusiness to allow us to confidently participate in GVCs,” Assistant Secretary Aldaba said.
The localization of roadmaps in ARMM focused on coffee, cacao, rubber, and palm oil as these were earlier identified as agriculture-based produce with potentials for growth and can be aligned and linked with the national industry roadmaps. Presenting the industry situationers and potentials for growth in these sectors were resource persons from the private and government sectors namely: DTI Mountain Province Director and Regional Coffee Point Person Juliet Lucas for coffee; DTI-XI Assistant Regional Director and National Coordinator for the Cacao Cluster Engr. Edwin Banquerigo for cacao; and Philippine Palm Oil Development Council Secretary/Director Dr. Pablito Pamplona for palm oil. The activity closed with a way forward from Urooj Malik, Chairman and CEO of Hineleban Foundation, and a remark from Engr. Philroy Malana, Senior Operations Manager of Agumil Philippines Incorporated.
III. D. TECHNICAL SERVICES AND ACTIVITIES: The Technical Division is tasked to assist investors until the project is registered, attends to the
requirements of the investors after the registration of projects and provides aftercare support and services to convince investors decision to retain, expand and or diversify operations/investments in the region. It also supervises and monitors the operation of RBOI registered firms. It also processes applications for incentives and certificates and endorsements required under various laws.
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RBOI Annual Accomplishment Report 2016
III. D.1. TECHNICAL SUPPORT SERVICES
RBOI provided various services to the following companies and individuals that were interested to invest in the region or apply for RBOI registration:
1) Conducted investments coaching to former DSWD-12 Director Kunesa Sekaka at the RBOI Office, Cotabato City. She was briefed on the procedures on the application for availment of incentives under E.O No. 226 otherwise known as Omnibus Investment Code 1987 as amended;
2) Facilitated a meeting with the Legal Counsel and Technical Consultant of Gintong Agri
Corporation regarding the rules and procedures on the Issuance of Certificate of Registration and discussed also their future expansion plans of their palm oil plantations in Talayan and Guindulungan, Maguindanao. The meeting was held on March 30, 2016 at the RBOI Office, Cotabato City.
3) Facilitated meeting with Director Chiang Siew Kay of L’ecole Food Company Pte Ltd, a
company based in Midview City, Singapore and Atty. Wilfred S. Babano on April 13, 2016 at RBOI Office, Cotabato City. The foreign company is proposing a project venture on Sand and Gravel Aggregate intended for export to be based in Sultan Kudarat, Mguindanao.
4) Facilitated meeting with local investor, Mr. Felipe Eleazar and Atty. Jose Moises
Salonga, representatives of Energence Management Consulting Corporation regarding their plan to venture into Solar Power Energy Project to be located in Tapian,Datu Odin Sinsuat, Maguindanao. The meeting was held at the RBOI Office, Cotabato City on April 2016;
5) Facilitated meeting with Mr. Arvind Kumar, CEO of Kaltemix Energy Philippines, Inc. on May 20, 2016 at the RBOI Office, Cotabato City regarding their plan to put up a power plant project in Bongao, Tawi-Tawi and they plan to register it with RBOI;
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RBOI Annual Accomplishment Report 2016
6) Facilitated meeting with Mr. Rocky Sabal, a representative of MINMETAL International Trading Corporation, Re: Rules and Procedures on Application for Registration pursuant to the Guidelines for registration and Incentives Availment of the Downstream Oil Industry under Republic Act No. 8479.
7) Facilitated meeting with the Manager of Procurement & Logistics of Gintong Agri
Corporation, Mr. MuraleedharanChandran regarding their request for certificate of importation of capital equipment and genetic materials on June 21, 2016at RBOI Office, Cotabato City;
8) Investment Meeting with Iranian Ambassador participated by investors from the ARMM region and RBOI headed by its Chairman, Atty. Ishak V. Mastura at BOI Manila.
III. D.2. MONITORING AND SUPERVISION OF REGISTERED FIRMS
This 2016, the agency has monitored 30 firms per quarter or total monitoring activities of 120 for the whole year. This is to check and monitor the firms’ compliance to the terms and conditions of its registration and policies promulgated by the Board. The monitoring of registered firms was done quarterly through actual visits, telephone calls, text messages and emails by the monitoring team.
RBOI staff during a monitoring visit at Matling Industrial and Commercial Corporation (MICC) on October 5, 2016 in Malabang, Lanao del Sur. Senior officials of the company showing a diorama (model) of its cassava starch processing plant site development plan which the company will register to RBOI after completing all the documentary requirements
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RBOI Annual Accomplishment Report 2016
III. D.3. INCENTIVES/SERVICES DISPENSED
In 2016, eight (8) incentives were dispensed to four (4) RBOI registered firms .These incentives are in the forms of Income tax holidays, equipment importation, genetic materials importation and tax credit on excess input vat. The office issued two Certificates of Good Standing to two (2) registered firms. (Table 10). List of incentives/services provided to RBOI registered firms in 2016
Name of Company Incentives/Services Dispensed/Provided
1. La Frutera Inc. Certificate of Good Standing Certificate of Tax Credit on Excess Input VAT
2. Lamsan Power Corporation Certificate of Authority to Import Capital Equipment
3. Al SaharAgri Ventures Inc. Approved 5 requests for Certificate of Authority to Import Capital Equipment and Genetic Materials
4. Delinanas Development Corporation Certificate of Entitlement for availment of ITH - Income Tax Holiday
5. Minrico Lumber Corporation
Certificate of Good Standing
IV. LINKAGES and NETWORKS
1) Conducted a Business and Peace Meeting with Her Excellency Ambassador Andrea Reichlin (2nd left sitting) and Human Security Advisor, Ms. Martina Schimdt(2nd right-sitting) of Switzerland with the Local Business Sector and ARMM Registered Firms on March 10, 2016 at the RBOI Office, Cotabato City.
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RBOI Annual Accomplishment Report 2016
2) Organized a meeting requested by the Asian Development Bank (ADB) participated by representatives from RBOI registered firms, local business organizations and concerned ARMM agencies regarding ADB’s proposed employment generation project held on March 14, 2016 at Al Nor Convention Center, Cotabato City.
3) Facilitated meeting with Japan International Cooperation Agency (JICA)
representatives regarding the Harnessing Agribusiness Opportunities through Robust and Vibrant Entrepreneurship Supportive of Peace Transformation (HARVEST) Project. HARVEST is a scheme envisage by the Philippine government for agri-business operations through Land Bank of the Philippines (LBP). The project is expected to generate investments and create sustainable employment and income generation opportunities in ARMM. The meeting was held on June 2, 2016 at the RBOI Office, Cotabato City. JICA has always been a partner of RBOI
4) Facilitated series of meeting with the representatives of the Philippine Business for
Social Progress (PBSP) regarding the Project -Brokering Business Investments in the Bangsamoro to Achieve Inclusive Development and Growth (BRIDGe). RBOI is a member of the Program Advisory Committee (PAC) of the said BRIDGe-Project. The 18-month project is design to increase mutual confidence between business firms and communities for increased business investments in the Bangsamoro. The meeting was held on June 29, 2016 at the RBOI Office, Cotabato City.
5) Facilitated several meetings with Hineleban Foundation Inc. and Unifruittii Group of Companies regarding the cooperative roles among project players, RBOI, Unifruitti and Hineleban, to ensure the successful implementation of the BRIDGe Project lead by PBSP.
6) RBOI is Head of the ARMM Cabinet Economic Growth and Linkage (EGL) Cluster and in October 2016, RBOI became the Chair of the ARMM-Regional Economic Development Committee (REDC).
RBOI Chair, Atty. Ishak V. Mastura (2
nd left) and
Jun Macalawan (1st
right) discusses with the President and CEO of Hineleban Foundation Inc., Dr. Urooj Malik (center) in a meeting on December 14, 2016 at the RBOI office regarding the concept of the BRIDGe Project which is to be implemented in 2017.
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RBOI Annual Accomplishment Report 2016
7) Participated in the Orientation Seminar for BOI-registered enterprises regarding
the availment of incentives on September 9, 2016 at Pinnacle Hotel, Davao City organized by the DTI- Board of Investments-Davao City. It also featured a briefing on the Rules and Regulations to implement the Tax Incentives Monitoring and Transparency Act (TIMTA). RBOI has already informed its registered enterprises about the TIMTA Compliance requirements.
8) Attended several capacity building trainings conducted by the Mindanao
Development Agency (MinDA). Some of these trainings are related to investment promotion and public private partnership (PPP) undertakings.
9) Strengthened linkages with DTI-BOI National Office through the conduct of the 16t
of a series of Regional Conferences entitled “Industry Roadmaps and the AEC Game Plan: Roadmap Localization for Competitiveness on December 13, 2016 at Em Manor Hotel, Cotabato City;
10) Attendance to series of meetings and activities called by the Regional Economic Zone
Authority (REZA). RBOI is a member of the REZA Board of Directors;
11) Conducted Investment Priorities Plan (IPP) Consultation in close coordination with the Local Government Unit (LGU) of Parang, Maguindanao;
12) Conducted Investment Priorities Plan (IPP) Consultation in close coordination with the Local Government Unit (LGU) of Upi, Maguindanao;
13) Conducted Investment Priorities Plan (IPP) Consultation in close coordination with
the Local Government Unit (LGU) of Marawi City; and
14) RBOI is a member of the Board of Directors of the Philippine Palm Oil Development Council, Inc.
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RBOI Annual Accomplishment Report 2016
IV. THE REPORT: FINANCIAL ACCOMPLISHMENT
Budget Table 1
BUDGET ITEM 2015 2016 VARIANCE % INC/
(DECREASE) DISTRIBUTION
PS 14,328,000.00 13,987,000.00 (341,000.00) -2 % TLB 220,899.00 1,232,274.00 1,011,375.00 458% PEI 811,371.00 - (811,371.00) 0 % PBB 205,500.00 - (205,500.00) 0 % Salary
standardization - 1,279,000.00 1,279,000.00 100%
14 th Month Pay - 811,000.00 811,000.00 100%
Sub Total 15,565,770.00 17,309,274.00 1,743,504.00 11% 71%
MOOE 6,880,000.00 6,998,000.00 118,000.00 2% 29%
CO - - TOTAL 22,445,770.00 24,307,274.00 1,861,504.00 8% 100%
Note : TLB
PEI
PBB
`
The RBOI-ARMM was allocated a total amount of P24.307 Million for CY 2016 , an increase of P1.8 Million or 8%
from the 2015 budget of P22.44 Million. The Fund allocation is to achieve its mandate of promoting and
generating investments and employment in ARMM. For the CY 2016 , the Board has targeted P900 million pesos
in investments registration with corresponding 900 job creation. As gleaned from the budget Table 1, 71 percent
of the approved budget is allocated for Personal Services (PS) and only 29 percent for MOOE with no approved
allocation for Capital Outlay (C.O.). The budget allocation is subject to DBM ceiling rendering desired and
appropriate fund requirement futile.
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RBOI Annual Accomplishment Report 2016
Program,
Projects, and
Activities
Physical Accomplishment Financial Accomplishment
2014
Actual 2015
Actual
2016
Actual 2014
Utilization
Actual 2015
Utilization
2016 Budget (P ‘000)
Actual
Target
Actual
Accomplish
ment
% Released Disbursed %
MFO7 Investments
Promotion
/Registration 1. No. of
Applications Evaluated
and Approved 2. Amount
of Investment Generated 3. No. of Job
Creation
22
Php
3.867
B
3,433
16
Php 6.579 B
4,894
16
Php
900M
900
4
Php
2.111 B
1,034
25%
235%
115%
Php 20,520,494
Php21,217,420 Php 23,060,399
Php 23,060,399
100%
Physical and Financial Report, FY 2014-2016
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RBOI Annual Accomplishment Report 2016
Program, Projects,
and Activities
Physical Accomplishment Financial Accomplishment
2014
Actual 2015
Actual
2016
Actual
2014
Utilization
Actual
2015 Utilization
2016 Budget (P ‘000)
Actual
Target
Actual
Accomplis
hment
% Release
d Disburse
d %
MFO7 Investments
Promotion
/Registration 4. No. of Firms
Monitored/
Supervised 5. No. of Incentives
Monitored/ Supervised 6. No of inter-
agency
Linkages/investment
s consultations
conducted
22 9 10
26 13
12
30
8
4
30
13
14
100%
162%
350%
Php 20,520,49
4
Php
21,217,42
0
Php 23,060,399
Php 23,060,399 100
%
Physical and Financial Report, FY 2014-2016
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RBOI Annual Accomplishment Report 2016
Programs Under Local Funds
FY 2014 Physical/Financial Accomplishment
Program, Projects and Activities
Physical Accomplishments Financial Accomplishments
2014 Annual Targets
2014 Actual
Accomplishment
Percentage Accomplis
hment
Released
Disbursed
%
1.Networking on Investments for Local Executives (NILE) 2. Enhanced Investment Promotion -Activities conducted -Promo Materials produced 3.Investment Research Studies
1
2
100
3
1
2
100
3
100%
100%
100%
100%
Php 2,026,000 M
Php 2,026,000 M
100%
Programs Under Local Funds FY 2015 Physical/Financial Accomplishment
Program, Projects and
Activities Physical Accomplishments Financial Accomplishments
2015 Annual Targets
2015 Actual
Accomplishment
Percentage Accomplish
ment
Released
Disbursed
%
Building Capacity for ARMM/Bangsamoro towards investments promotion and generation - No. of Industry and Investments Road Map - No. of Investments Planning/Training/ Consultation/Seminar Workshop conducted - No. of Investments Forum Conducted
6
4
4
6
5
4
100%
125%
100%
Php 2,532,000 M
Php 2,532,000 M
100%
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RBOI Annual Accomplishment Report 2016
Programs Under Local Funds FY 2016 Physical/Financial Accomplishment
Program, Projects and
Activities Physical Accomplishments Financial Accomplishments
2016 Annual Targets
2016 Actual
Accomplishment
Percentage Accomplish
ment
Released
Disbursed
%
MFO-7 I. Investment Regulatory Services -No. After Care Services II. Investment Promotion Campaign -No of Investment Planning -No. Promotion activities -No. of Inter-agency linkages - Public Consultations III. Human Resource Development -No of women staffs
trained
2
4
4
4 -
11
2
5
4
7
5
31
100%
125%
100%
175%
281%
Php 2,361,000.00
Php 2,347,302.00
93%
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RBOI Annual Accomplishment Report 2016
V. SPECIAL CONCERNS
V.1 . Compliance to Good Governance Conditions The agency’s Citizen’s Charter is placed at the entrance area of the office as information bulletin. It can also be accessed through RBOI’s website: http://www.rboi.armm.gov.ph/citizencharter . The guidelines for the system of ranking delivery units/institutions can be accessed in the RBOI website through this link: http://rboi.armm.gov.ph/transparencyseal-files/Guidelines-on-Ranking-System.pdr All RBOI personnel had complied with their 2015 Sworn Statement of Assets and Liabilities and Net Worth (SALN) and is now processing their 2016 SLN. The agency has posted in the website http://www.rboi.armm.gov.ph/noticeofnophilgeps Certificate of No PhilGEPS Posting since RBOI has NO approved budget for procurement above Php500,000.00 in 2016. RBOI has been consistently complying with the requirements of Sec. 93 Transparency Seal (TS) R.A. No. 10155 (General Appropriations Act FY 2012). The agency achieved 100% TS compliance based on the ICTO Website Assessment from 1st quarter to the 4th quarter of 2016. The RBOI Transparency Seal can be accessed through http://www.rboi.armm.gov.ph/transparencyseal
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RBOI Annual Accomplishment Report 2016
V.2. ARMM CONVERGENCE/ ECONOMIC CLUSTER
RBOI is Head of the ARMM Cabinet-Economic Growth and Linkage (EGL) Cluster.
The first regular meeting of the
Economic Growth and Linkage (EGL) Cluster was held on April 29, 2016. The meeting was focused on the identification of a Programme on Jobs Creation in the Autonomous Region in Muslim Mindanao by the European Union (EU) Mission. The members of the cluster provided inputs on the concern of the EU particularly on the opportunities and institutions capable of carrying out the project. The project is based on agriculture but open to other sectors.
The second EGL Regular Meeting held on May 25, 2016 was focused on the launching
of the High Carbon Stock Approach (HCSA) Project. The HCSA is part of the Bangsamoro Sustainability Framework (BSF) that aims at promoting sustainable agricultural investments in the Bangsamoro. The meeting was attended by representatives from the International Finance Corporation of World Bank, Hineleban Foundation, Unifruitti Philippines and Philippines Business for Social Progress.
On June 3, 2016, the third meeting was called to discuss issues regarding the shutting
down of the Malaysia-Philippine-Sabah cross border trade relations. The meeting was aimed to come up with policy recommendations on the Sabah Trade Blockage in Sulu Sea, Southern Philippines. Members of the EGL Clusters were assigned with tasks to help ease the pressure in the area especially that many families of merchants depend mainly their source of livelihood in the said cross border trading who are mostly from the ARMM island provinces of Tawi-Tawi, Sulu and Basilan.
The fourth meeting was held on October 26, 2016 at Em Manor Hotel, Cotabato City.
The EGL agency members were requested to prepare and present their draft sectoral and sub-sectoral strategic plans 2017-2022. These plans will be consolidated by RPDO to be submitted to the Office of the Regional Governor and to be consolidated in the National Regional Development Plans (RDP).
RBOI later became the Chair of the Regional Economic Development Committee (REDC).
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RBOI Annual Accomplishment Report 2016
V. 3. GOVERNANCE AND ADMINISTRATION The Board of Governors is composed of four members to include the chairman who are appointed by the ARMM Regional Governor. In the first semester of 2016, the members of the Board of Governors were complete in number but after Regional Governor Hataman’s reelection and resumption on the 2nd half of the year, he has appointed only three members of the Board to include the Chairman/Managing Head. The present composition led by the Chairman and two members is active and working closely to fulfill the Board’s functions and responsibilities as the policy making body of RBOI. The Board meets every quarter and holds special meetings when there are urgent concerns that need to be decided promptly. The Board approves or denies applications for registration based on Executive Orders 226 and 458. This year, the Board had three (3) meetings approving two projects with total investment value of P2.11 billion and jobs created of 1,034. Discussed also by the members of the Board were matters on employee promotion, hiring of new employees and granting of incentives to RBOI registered firms. The agency also has a working Management Committee (ManCom) assisting the Board in their policy making decisions at the same time assisting the Managing Head/Chairman in the daily operations of the office. The Board of Governors and ManCom work hand in hand to achieve the goals of the agency.
V.4. DATA MANAGEMENT
RBOI requires all registered firms to submit their reportorial commitments every quarter. Usually, reports submitted by the registered firms are in hard copies. Important data are being culled and encoded in the computer. Each Division, the Technical, Research and Administrative are provided with internet ready computers and printers. This is to ensure that important data such as communications and reports related to technical, administrative and financial are properly recorded and kept. Reports are generated, stored and retrieve through the computer. Data on the list/profiles of RBOI registered firms, both active and inactive are prepared and saved in Microsoft wordand Excel formats in the computer. The agency also maintains a Human Resource Information System (HRIS) for easy access, updating and reporting of personnel data. RBOI also maintains an up and running website http://www.rboi.armm.gov.ph/ where reports, news, investment opportunities, industry profiles, citizen charter, transparency seal and other details/data about the agency can be accessed by the public.
V.5. GENDER and DEVELOPMENT (GAD) A GAD project which includes a wellness package which include body massage, physical fitness, cooking of healthy foods and personality development is being implemented by the office. This is to promote healthy lifestyle among the personnel and live a productive life.
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RBOI Annual Accomplishment Report 2016
VI. PERSONNEL REPORT Personnel Component:
The Regional Board of Investments-ARMM by virtue of Executive Order 458 was created last May 17, 1991.The powers and functions of the Board of Investments was devolved to the Autonomous Regional Government and with it the supervision of all BOI – registered firm in the ARMM.
However, the devolution only allowed 20 permanent personnel which comprises the following, to wit:
a) Four (4) Board Members b) One (1) Executive Director c) Three (3) Administrative Staff d) Six (6) Technical Staff e) Six (6) Support & Research Division.
The management in order to compliment the staff component, hired Twelve (12) job order
support staff to augment the administrative operation which is charged to Local Fund.
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RBOI Annual Accomplishment Report 2016
Plantilla Positions Total Filled Unfilled Reason for
Vacancy
Regular
Chairman 1 1 0
Board Members 3 2 1
Executive Director 1 1 0
Admin Position 3 2 1 Death of
incumbent AO 111
Technical 12 9 3 2 personnel
promoted
1 personnel failed
to report
VACANCIES*** 5
Total 20 15 5
LOCAL FUND
Contract of Service 12 12 0
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RBOI Annual Accomplishment Report 2016
VII. CHALLENGES
1. The year 2016 was election period. Hence, investors may have felt skeptical or had keep on hold of their business plans in the region until such time that the election fever has toned down and that socio- economic political situations are back to its normal phase.
2. Sustainability of generating investments for the ARMM is a big challenge considering issues on
land documentation since agriculture is the main area of investment in ARMM.
3. Concerns on peace and order like the presence of terrorist groups like Abu Sayaf in Sulu, Maute Group in Lanao del Sur and Bangsamoro Freedom Fighters in Maguindanao have dragged down the image of ARMM which has reinforced negative perceptions among investors to do business in the region.
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RBOI Annual Accomplishment Report 2016
VIII. A. WORK AND FINANCIAL PLAN/MFO TARGETS FOR 2017 GENERAL FUNDS
Programs, Activities and
Projects (PAPs)
Performance Indicators
2017 Targets
Schedule of
Implemen-tation
2017 Budget
Source of
Funds
Remarks
MFO-7 I. Investment Regulatory Services 1. No. of application for registration evaluated/approved 2. Percentage (%) of clients that rated the services as satisfactory or better 3. Value of Investments Registered 4. No. of jobs created 5. Percentage of application for registration acted upon within 5 days
*16
100%
P 1B 1,000 100%
4/qtr
P 250 M/qtr
250/qtr
Php 26,307
M
General Funds
II. Firm Monitoring and Supervision 1. No. of firms monitored/ supervised 2. No of incentives monitored/supervised/ dispensed 3. No. of inter-agency/industry linkages/investments consultations conducted
*136
8
6
34/qtr
2/qtr
1/qtr
Notes *16 (8 evaluated and 8 approved applications for RBOI registration) *136 (34 monitored firms x 4 quarters in a year)
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RBOI Annual Accomplishment Report 2016
VII. B. 2017 AGENCY TARGETS UNDER LOCAL FUNDS
Programs, Activities and
Projects (PAPs)
Performance Indicators
2017 Targets
Schedule of
Implemen-tation
2016 Budget
Source of
Funds
Remarks
MFO-7 I. Investment Regulatory Services -No. of After Care Services II. Investment Promotion Campaign -No of Investment Planning, training, consultations and seminar-workshops conducted (IPP, NILE) -No. investment promotions/forum conducted -No. of Inter-agency linkages attended and conducted III. Human Resource Development -No of trainings attended by officers and staff of RBOI -No of employees trained and updated on new incentives, scheme and its IRR -No of employees trained on personality development (within the organization
1
4
4
12
5
20
20
2nd/sem
1/qtr
1/qtr
3/qtr
at least 1/qtr
5/qtr
5/qtr
Php 2,532,00
0.00
Local Funds