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PH gov’t planning to put up wafer fabrication plant

The Philippine government, through the Board of Investments (BOI), said it is looking to venture into semiconductor design and establish a lab-scale wafer fabrication plant in the country.

BOI records highest investment approval at P1.16 trillion for 2023

The information and communications technology (ICT) sector demonstrated strong growth, securing approvals totaling P96.16 billion.

Gov’t greenlights P858-M BPO project in Davao, to create 1,500 jobs

The new project, which will be based in The Uprise Building-C in Davao City, will provide information technology, call center, and back-office operations services, primarily targeting the export market, particularly Optum Technology, a US subsidiary of UnitedHealth Group Incorporated (UHG).

163 BPO firms transferring registration from PEZA to BOI

The transfers are merely “paper-transfer”, which means the BPO firms do not have to relocate outside economic zones or IT parks under PEZA and will still enjoy their current tax perks.

P47-M e-learning project from UP-based firm gets BOI approval

TAGPROS, which is based at the University of the Philippines Diliman campus in Quezon City, has invested P46.7 million for its Learning Management Systems (LMS) project. The company is now in operation, employing about 874 personnel, majority of which are teachers.

PH gov’t allows WFH setup for BPOs without losing tax perks

BPO firms can become eligible for increased work-from-home (WFH) setup by shifting their registration from the Philippine Economic Zone Authority (PEZA) to the Board of Investments (BOI).

PH gov’t approves Amazon’s P524.33-M virtual customer services project

The Virtual Customer Services (VCS) project, which will adopt 100% work-from-home operations for its contact center agents, will provide customer and vendor management services to support Amazon’s global retail business and sellers.

UP-based firm gets gov’t permit to produce fast chargers for EVs

The Board of Investments (BOI) has recently approved the application of CHRG Electric Vehicle Technologies Inc. as a new domestic producer of electric vehicles (EV) fast chargers and retrofit kits.

Japan firm puts up P230-M factory in PH to make car communications equipment

Japanese firm Yokowo recently decided to choose the Philippines as the site of a new subsidiary for automotive wiring harness and components manufacturing and assembly operations.

Covid-19 drives BOI investments down by 71% in Q1

Cumulative investments recorded by the Board of Investments (BOI) reached P84.1 billion in the first four months of 2020, reflecting a 71-percent slowdown from last year’s P286.7 billion in the same period.
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