BOI holds regional cold chain roadshows in Cebu, Davao, and Pampanga

Aiming to grow investments in cold chain to increase warehousing capacity in the

Philippines, BOI holds regional cold chain roadshows in Cebu, Davao, and

Pampanga.

In an aim to grow investments in the country’s cold chain industry that is seen to eventually

increase the cold chain warehousing capacity nationally, the Philippine Board of

Investments (BOI) is holding a series of Supra-Regional Cold Chain Industry Roadshows

initially in three major regions of the country from October to November 2022 and the rest of

the other regions next year.

Described as inclusive, stakeholder-driven, and market-oriented, the Philippine Cold Chain

Industry Roadmap eyes to increase local cold chain warehousing capacity by 50,000 pallet

positions each year in the short term by generating investments in the industry and address

the increasing demand, particularly in the agribusiness sector.

The first leg was held in Mandaue City in Cebu on October 12. The subsequent roadshows

will be held in Davao City on October 25, and Clark in Pampanga on November 9.

The Cebu-round covered those coming from Regions 6 (Western Visayas), 7 (Central

Visayas), and 8 (Eastern Visayas). The Pampanga-round, meanwhile, will cover

participating firms from Regions 1 (Ilocos Region), 2 (Cagayan Valley Region), 3 (Central

Luzon Region), and Cordillera Administrative Region (CAR) . On the other hand, the Davao

roadshow will include Region 10 (Northern Mindanao), 11 (Davao Region), and 12 or South

Cotabato, Cotabato, Sultan Kudarat, Sarangani, and General Santos City

(SOCCSKSARGEN region).

During the roadshows, the National Economic Development Authority (NEDA) will provide

the regional economic situation, the Department of Agriculture (DA) will present the

Agriculture and Fisheries Performance and Cold Chain services needs while Land Bank of

the Philippines and Development Bank of the Philippines will present financing

opportunities. Also, initiatives of the United Nations Industrial Development Organization

(UNIDO) through its Food Cold Chain (FCC) Project specifically the Cold Chain Innovation

Hub will be discussed.

A significant part of each roadshow is the one-on-one consultation between the prospective

investors and the BOI, DA, UNIDO, LBP, and DBP.

The roadshows are BOI’s platform to inform prospective investors on the recent

legislative/policy developments such as the Corporate Recovery and Tax Incentives for

Enterprises (CREATE) Act and the Strategic Investment Priority Plan (SIPP) and

amendment of the Public Service Act (PSA) that liberalized foreign equity participation in

cold storage warehousing activities.

Significantly, the development of the country’s cold chain industry will lead to reduced post-

harvest losses, longer shelf life of food, a deeper linkage of the production and

manufacturing sectors, and deeper integration with the domestic and global value chains.

FOR MORE INFORMATION/REFERENCE, PLEASE CONTACT:

BOI Information and Communications Division

Office Address: 3/F Board of Investment Bldg. #385 Sen. Gil Puyat Ave. Makati City 1209

Telephones: 8897.3086 / 8897-6682 local 277 | E-mail: infocomms@boi.gov.ph

PR2022-090

Moreover, the roadshows will not only result in leads in generation for the cold chain but will

also be critical in meeting the BOI’s target to generate new cold chain capacity to serve

particularly the agribusiness sector.

The BOI is focused on the development of the country’s cold chain industry. Last February,

the BOI, the Environmental Management Bureau (EMB), and InsightSCS Corp. signed a

Memorandum of Understanding (MOU) to develop a cold chain integrated supply chain

solution in the Philippines – the “Development of a Cold Chain Integrated Supply Chain

Solution for Evidence-based Policy Making and Investment Programming.” The said

partnership aims to utilize data analytics to identify best locations for prospective cold chain

projects and digitally onboard cold chain operators through the DELIVER-E 2.0 platform.