Northern Samar recognized for investment policies and initiatives

Northern Samar has gained recognition as a leading investment area after receiving an award from the president. The award celebrates the province's One-Stop Action Center for Strategic Investments. This center is the first local government "green lane" for investments in the Philippines. The honor was given during a ceremony at Malacañang Palace on March 13. This acknowledgment highlights Northern Samar's growing reputation as a business-friendly place. The province was recognized alongside other regions like Laguna and Bulacan for effective business processes and economic development support. Jhon Allen Berbon from the Provincial Economic Development and Investment Promotions Office said the award shows Northern Samar is ready for large-scale investments. Governor Edwin Ongchuan praised the successful cooperation between provincial departments and local governments. He noted that the investment achievements are a result of teamwork and unity, emphasizing the province's strengths in renewable energy projects. In 2024, Northern Samar was also honored for launching initiatives that brought in over P150 billion in investments, especially in renewable energy. This success has attracted interest from global financial institutions, such as the World Bank and the Asian Development Bank, which want to study Northern Samar's practices for use in other areas.