Officials from the Lapu-Lapu City Government and Board of Investments during the ceremonial signing of the Memorandum of Agreement to strengthen investment promotion and business facilitation in the city.
LAPU-LAPU CITY, Cebu — The Lapu-Lapu City Government and the Board of Investments (BOI) have formalized a strategic partnership aimed at strengthening investment promotion and improving investor facilitation services in the city, marking a significant step toward enhancing its competitiveness as a business and tourism hub.
The Memorandum of Agreement (MOA), the first of its kind in Cebu, seeks to streamline investment processes, enhance investor assistance, and create a more business-ready environment through improved regulatory frameworks and more efficient permitting systems.
Under the agreement, the city will work closely with the BOI to enhance its investment code—establishing clearer policies, fair incentives, and long-term strategies to support sustained economic growth.
Lapu-Lapu City Mayor Cindi King-Chan emphasized the importance of the partnership in driving economic activity and expanding opportunities for local enterprises, highlighting the city’s strong potential as a destination for business events, conferences, and tourism, supported by world-class resorts, improving infrastructure, and global accessibility.
This momentum is further supported by Cebu’s continued role in hosting major international engagements, including ASEAN-related activities, reflecting the region’s growing relevance as a destination for regional and global gatherings.
The city’s strategic accessibility is anchored by the Mactan-Cebu International Airport, an award-winning gateway that facilitates seamless connectivity to domestic and global markets. This robust infrastructure supports the consistent flow of travelers and commerce essential to the region’s vitality.
As a member of the Lapu-Lapu City Chamber of Commerce, Aboitiz InfraCapital (AIC) remains committed to initiatives that streamline business processes and foster a more conducive investment climate. By enhancing regulatory frameworks, investor support systems, and a competitive incentives regime, Cebu will be in a better position to attract new capital while empowering local enterprises to modernize, expand, and innovate.
These developments are expected to translate into increased economic activity, job creation, and expanded opportunities for local communities—further reinforcing Lapu-Lapu City’s position as a competitive and investment-ready destination.
The partnership reflects a shared commitment among government, industry, and local stakeholders to build a more dynamic and future-ready economy, where infrastructure, connectivity, and business growth work together to deliver long-term value for the region.