Sunday, March 3, 2024

Gov?t to unveil online facility for investors in PH

The Board of Investment (BOI) is all set for the soft launch on Aug. 19 of the One Window Network (OWN), a cloud-based portal system that allow investors to lodge queries and concerns online.


The technology initiative, which will also become available via a mobile app, will also enable access to a databank of information that is related to business and investments.

The Web project also includes a system that can track and monitor the real-time status of investor?s inquiry and concerns using personal computers or smartphones.

DTI Undersecretary and BOI managing head Adrian S. Cristobal Jr. is expected the lead the unveiling of the online facility at the BOI office in Makati City.

The portal will contain all investment-related requirements, policies, and procedures under one place and will be able to fast-track the resolution of investors? issues and concerns through online coordination and facilitation.

The BOI said OWN is part of its transformation program to improve the competitive business and investment environment in the country. The BOI?s Investment Action Center (IAC) has been designated as the unit responsible for maintaining the Web facility.

To date, four agencies have signed an agreement to connect to the portal. These are Department of Environment and Natural Resources?Environmental Management Bureau (DENR-EMB), Securities and Exchange Commission (SEC), Food and Drug Administration (FDA), and Department of Tourism (DOT).

With the agreement in place, the agencies will provide the IAC with periodic updates of all relevant rules, regulations, and procedures of all business and investment-related information.

OWN was conceptualized by the BOI?s Investment Assistance Service (IAS) and developed with in close collaboration of the University of the Philippines IT Development Center (UP-ITDC).


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