BOI managing head Usec. Ceferino Rodolfo (left) and MinDA chairperson Sec. Leo Magno (right) sign a memorandum of agreement to strengthen investment promotion and investor facilitation efforts in Mindanao.
Keen on attracting more trade and economic activities in southern Philippines, the Board of Investments (BOI) has partnered with the Mindanao Development Authority (MinDA) to boost investment promotion and facilitation in the country’s main southern island group.
Established in 2010, MinDA is the government’s lead agency for promoting investments in Mindanao and serves as the Philippine coordinating office for the Brunei Darussalam-Indonesia-Malaysia-Philippines East Asean Growth Area.
The BOI-MinDA agreement was signed on June 17 by trade undersecretary and BOI managing head Ceferino Rodolfo and MinDA chairman Leo Tereso Magno.
Under the partnership, the two agencies will implement a joint work program focused on investment readiness, promotion, investor facilitation, aftercare services and information sharing.
Rodolfo cited that key initiatives include developing ready-for-investment location profiles, preparing project teasers, conducting investment missions and forums and streamlining coordination between BOI and MinDA to support investors.
“The agreement will help strengthen investment readiness and speed up the implementation of priority projects in Mindanao through the BOI’s offices in Cagayan de Oro and Davao,” the BOI top executive pointed out.
He also cited that the BOI’s 2026 Strategic Investment Priority Plan as a framework for promoting high-impact sectors such as mining and mineral processing, renewable energy and fisheries.
On the other hand, Magno opined that MinDA’s partnership with BOI reflects a shared goal of transforming Mindanao into a premier investment destination, noting that collaboration is essential to attract investors and development partners.
“The agreement supports the government’s efforts to improve ease of doing business, attract strategic investments and promote inclusive regional growth,” he asserted.