Parañaque creates investment promotions office

MANILA, Philippines — Citing the need to provide an enabling environment that will further generate and enhance economic activities in Parañaque, Mayor Eric Olivarez has issued an executive order creating a Local Economic Development and Investment Promotions Office (LEDIPO).

Through Executive Order 2023-20, Mayor Olivarez also named Lolita Duria as the LEDIPO head effective April 13.

Olivarez said the designation of a LEDIPO is in accordance with Department of the Interior and Local Government Memorandum Circular 2010-113 dated Oct. 13, 2010, which provides for the designation of a Local Economic and Investment Promotions Officer and renaming it as LEDIPO.

“We hope that, through the designation of Duria to the post, the city government shall be able to fulfill its role as a catalyst in creating an enabling environment to attract, retain or expand investments in the city of Parañaque,” he said.

Among Duria’s duties are facilitating the preparation, coordination and execution of local economic development policies and investment promotion projects and activities, including conducting trade missions and assisting prospective investors.

Duria is a former official of the local chapter of the Philippine Chamber of Commerce and Industry and has a firm grasp of the needs and requirements of the business and investment community, the city government said.

She will be working closely with the city planning and development coordinator to identify revenue generating and enterprise development projects of the local government unit.

Parañaque is one of the most economically dynamic cities in the Philippines and plays host to the Entertainment City, a bustling central business district that is home to numerous resort-hotels, shopping malls, entertainment venues and business offices, among others.