LINGAYEN–The Sangguniang Panlalawigan (SP) approved on September 16, 2013 a resolution creating an ad hoc technical working committee that will be tasked to update and revise the Pangasinan Investment Code.

The ad hoc technical working committee will be composed of heads of the different concerned departments of the provincial government and the SP.

The committees will (1) develop a work plan for the revision and updating of the 2013 investment code; (2) conduct research/inventory on existing national and local policies, rules, and regulations relative to investment and incentives to ensure coherence and harmony; (3) consult and coordinate with relevant government agencies and institutions concerned on matters relating to investment regulation and promotion; (4) draft the new Pangasinan Investment Code and its Implementing Rules and Regulations; and (5) perform other functions necessary in the performance of its duties and responsibilities.

The last investment code of the province was enacted nine years ago through Provincial Resolution No. 109-2004.

“Due to the passage of time, there is a need now to update or revise the Pangasinan Investment Code of 2013 in harmony with the new and appropriate national and local policies and programs of directing the inflow of investment in Pangasinan,” reads Resolution No. 110-2013.

One of the provincial government’s vision is to make Pangasinan “the best place to invest in”.—Johanne R. Macob

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