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.
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).
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.
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.
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).
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.
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.
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.
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.
