(6) Provide technical support to the Board in the conduct of Investment promotion
activities both local and foreign; and
(7) Perform other related work as directed by higher authorities.
SEC. 29. The Administrative and Finance Division. - This division shall be headed by
a Chief Administrative Officer and shall perform the following functions:
(1) Provide administrative and finance support to all operating units of the office in
matters pertaining to personnel management and development, records management,
accounting, budgeting, disbursements, general services, procurement of supplies and
equipment; and
(2) Perform other functions as maybe necessary.
SEC. 30. RBOI Satellite Offices. – The RBOI may establish Satellite Offices in the
provinces within the region when deemed necessary by the Board. The head of office and its
staffing pattern shall be determined by the Executive Director and concurred in by the Board. It
shall perform the following functions:
(1) Receive and evaluate applications for registration in the provincial level and submit it
to the Regional Office for final review and approval/disapproval of the Board;
(2) Provide technical assistance to prospective investors directly visiting their Office;
(3) Assist in the monitoring and supervision of registered enterprises or firms as to
compliance of Terms and Conditions of Registration;
(4) Collate and analyze statistical data submitted by registered firms;
(5) Provide inputs/data in the determining the investment priorities to be included in the
Investments Priorities Plan of the Region; and
(6) Perform other related work as may be directed by superiors.
SEC. 31. Investments Priority Plan. - The Autonomous Regional Government shall be
guided by the Annual Investments Priority Plan of the national government in the determination
of incentives to be granted to investors.
SEC. 32. Regional Investments Priority Plan (RIPP). - The Autonomous Regional
Government shall prepare a Regional Investments Priority Plan consistent with Article 27 to 31,
Chapter 11 of the Omnibus Investment Code of 1987 and the Regional Investments and
Incentives Code of ARMM.
The preferred areas on investment to be listed in the Regional Investment Priority Plan
shall be based on long-run comparative advantage, taking into account the value of social
objectives and employing economic criteria along with market, technical and financial analysis.
169
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