The Board of Investments (BOI) and the Mindanao Development Authority (MinDA) have strengthened their partnership to fast-track investments and position Mindanao as a major driver of economic growth in the Philippines.
The two agencies formalized their collaboration through a Memorandum of Agreement aimed at boosting investment promotion, improving investor facilitation, and creating a more business-ready environment across the island.
The agreement was signed by Trade Undersecretary and BOI Managing Head Ceferino Rodolfo and MinDA Chair Secretary Leo Tereso Magno, signaling a coordinated push to attract high-impact investments and advance inclusive regional development.
Rodolfo said the partnership builds on BOI’s growing presence in Mindanao through its Business Extension Offices in Cagayan de Oro and Davao, while aligning investment efforts with the government’s Strategic Investment Priority Plan (SIPP).
He identified mining and mineral processing, renewable energy, and fisheries as key sectors expected to drive investment activity and generate broader economic opportunities in the region.
Magno emphasized that stronger collaboration between government agencies is critical to translating investment opportunities into tangible benefits for local communities.
“Partnership is essential in bringing investors to Mindanao and ensuring that development reaches the people on the ground,” he said.
Under the agreement, BOI and MinDA will implement a joint work program covering investment promotion, facilitation, aftercare services, and information sharing. Planned initiatives include investment roadshows, project teasers, location profiles for ready-for-occupancy sites, and streamlined coordination mechanisms designed to improve the investor experience.
The partnership also supports MinDA’s broader role as the Philippine coordinating office for the Brunei Darussalam–Indonesia–Malaysia–Philippines East ASEAN Growth Area (BIMP-EAGA), a regional cooperation platform aimed at accelerating economic integration and development.
By aligning their investment promotion efforts, BOI and MinDA aim to accelerate project realization, attract more strategic investments, and strengthen Mindanao’s position as one of the country’s most promising growth centers.
