Region 8 launches
National Economic Research and Business Action Center
By Philippine Information Agency (PIA 8)
TACLOBAN CITY –
Regional Officer in Charge Desiderio Belas Jr. of the Department of
Trade and Industry Regional Office 8, informed that the National
Economic Research and Business Action Center or NERBAC 8 is scheduled
to be blessed on April 6, 2010.
NERBAC 8, Director
Belas said, is located at the DTI 8 Regional Office Building at
Pawing, Palo, Leyte.
The blessing is set at
1:00 o’clock in the afternoon. The program which will follow after the
Mass will be highlighted by the signing of the NERBAC Memorandum of
Agreement and the presentation of the updates from R)DG Usec Merly M.
Cruz, Director Belas added.
The National Economic
Research and Business Action Center (NERBAC) in
hopes to accelerate entry of investment and to improve the business
environment of the region.
NERBAC is expected to
answer the call of the business sector in the region for a coordinated
and facilitative government support for investment promotion and for
businesses to operate and grow by providing them timely and relevant
A one-stop action
center envisioned to reduce the processing time and cost of acquiring
business permits and licenses by pooling all the government agencies'
representatives involved in licensing and registration under one roof,
NERBAC will collect and disseminate economic, technical and industry
information useful for business enterprises and investors.
It also aims to
identify and promote investment opportunities in accordance with the
investment priorities of the government for possible business match-up
and improve the business environment through policy and regulation
will include the following services: Investment Promotion and Business
Information Management to handle investment promotion and provide
assistance on the preparation of business plans and maintain
information database of all the concerned sectors.
One Stop Business
Registration and Licensing will process mandatory permits and licenses
for start-up business with participating agencies, such as the local
government unit (LGU) of Cagayan de Oro, DTI,
BIR, SSS, DOLE, PHIC,
HDMF, CDA, IPO and PCAB.
will streamline processing of the required export permits, through the
facilitation of member agency representatives and other export-related
agencies, such as Philexport-10 and the Bureau of Customs (BOC).
Facilitation will enable investors to avail of the Bureau of
Investments (BOI) and local investment incentives including the
processing of investor visa and other BOI registration.
will also be conducted to actively gather and provide research
information and materials to both potential and existing businessmen
and maintain an inventory of financing facilities available for