As the first local government unit that enacted an ordinance establishing a One-Stop Shop for Green Lanes, Northern Samar is expecting an influx of investments, particularly in the areas of renewable energy and digital infrastructure, according to the Board of Investments .
With this, “Officials of the BOI and the Provincial Government of Samar expect an influx of investments in Northern Samar, particularly in the areas of renewable energy and digital infrastructure.” The BOI highlighted that this tidal project is the first in the Philippines and Southeast Asia. BOI also noted that according to Antonio Ver, the company’s president, the firm has already secured a Certificate of Commerciality from the Department of Energy .
The visit of the Northern Samar LGU officials came on the heels of the signing of the memorandum of agreement entered between BOI and the LGU earlier this year. The MOA states that the LGU should also provide BOI with the Database of arising investment-related issues and concerns; Priority industries for development and promotion in the locality; Industry Profiles, including information on available raw materials; Cost of Doing Business , among others.