DTI sets up website for investors’ needs

Subscribe Now May 30, 2012 at 03:35pm

A website for potential investors was recently created by the Department of Trade and Industry (DTI) in Davao Region. DTI-11 Regional Director Marizon S. Loreto said that the setting up of the National Economic Research and Business Assistance Center (NERBAC) portal www.nerbac11.com was anchored on the idea of making investment infusion easier for investors since everything they want to know about the region’s competitive advantage is right on their fingertips.

The NERBAC was created through Republic Act 7470 of 1992. It specifically aims to provide comprehensive and highly integrated business support services to prospective investors.

Davao Region was the very first to implement it.

In the region, NERBAC is housed at the DTI Field Offices where investment-relevant agencies are pooled together under one venue for easier and faster transaction.

Among the agencies include Home Mutual Development Fund (Pag-ibig Fund), Social Security System (SSS), Philippine Health Insurance Corporation (PhilHealth), Bureau of Internal Revenue (BIR), Securities and Exchange Commission (SEC), Cooperative Development Authority (CDA), and the Department of Labor and Employment (DOLE).

The other government offices are the Department of Environment and Natural Resources (DENR), National Economic Development Authority (NEDA), Department of Foreign Affairs (DFA), Bureau of Customs (BOC), Philippine Exporters Confederation, Inc. (Philexport), and DTI.

“As information and communications technology (ICT) strides, the government must really look for ways on how to join the bandwagon. This means that we have to be visible on the web so that investors wouldn’t experience a hard time knowing the competitive edge of the region and why they should pour in their investments here,” Loreto said.

The NERBAC website provides important information on business registration and licensing requirements, frequently asked questions about doing business in the Philippines, provincial profiles, investment priority areas, investment opportunities, investment project briefs, industry profiles, and project feasibility studies.

Source: pia.gov.ph

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