Optum Global Solutions (Philippines), Inc. is investing P858 million to further expand its healthcare information management (HIM) operation in the Philippines and create 1,500 new jobs for the new project in Davao City. The Board of Investments (BOI), which approved the Optum Philippines...
Over a thousand companies inside special export processing zones (EPZs) will undergo a fiscal incentives review after the Department of Finance (DOF) found the incentives system being abused, Finance Secretary Benjamin Diokno said on Tuesday, May 30. Finance Secretary Benjamin Diokno at the Palace...
Mass housing developers have asked the Board of Investments (BOI) to raise to P4 million from the current P2 million threshold price per housing unit that would be eligible for government tax incentives, and extend the income tax holiday (ITH) availment period to six years from four years. In its...
A total of 1,370 IT business process management (ITBPM) firms with combined investments of P8.185 billion have transferred their registration to the Board of Investments (BOI) from other investment promotion agencies (IPAs) to continue enjoying fiscal perks even if they operate under the...
A total of 1,370 IT business process management (ITBPM) firms with combined investments of P8.185 billion have transferred their registration to the Board of Investments (BOI) from other investment promotion agencies (IPAs) to continue enjoying fiscal perks even if they operate under the...
The domestic nickel industry said the government should first provide a stable policy environment for the mining industry, primarily on nickel, to be able to attract more foreign investors and participate in the electric vehicle (EV) global value chain. FNI and PNIA President Dante R. Bravo...
The Marcos administration has been aggressively promoting the country's priority sectors, such as green, innovative, and sustainable manufacturing and services, to attract more foreign investors, Malacañang said. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of Malacañang) Citing...
The Board of Investments (BOI) has placed at $24.7 million the initial investments from the committed projects during the recent promotion drive in Switzerland. Trade and Industry Undersecretary Ceferino S. Rodolfo, who is also BOI managing head, said in a statement that the potential investments...
The Semiconductor Industry Association (SIA), which is composed of the world’s electronics giants, has remained confident that the Philippines will remain a critical player in the global semiconductor industry and a major hub for semiconductor assembly and test manufacturing. SIA members visited...
SATECO AG, one of the world's leading manufacturers of high-precision silicone keypads and silicone sensors, is already planning of expanding in the Philippines even if its state-of-the-art manufacturing operations in Pampanga is yet to come on stream later this year, citing rosy investment...
The Fiscal Incentives Review Board (FIRB) has extended until Jan. 31, 2023 the deadline for the transfer of registration of Information Technology and Business Process Management (IT-BPM) firms from the Philippine Economic Zone Authority (PEZA) to the Board of Investments (BOI). FIRB announced...
The Philippine Economic Zone Authority (PEZA) has endorsed the registration transfer of 452 registered business enterprises (RBEs) involving 1,325 IT business process management (IT-BPM) projects to the Board of Investments (BOI). The transfer of these RBEs to BOI from PEZA are meant to ensure they...
