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News » 1,325 BPO projects submitted for transfer to BOI

1,325 BPO projects submitted for transfer to BOI

1,325 BPO projects submitted for transfer to BOI
Photo from Santos Knight Frank

MANILA, PHILIPPINES – 1,325 business process outsourcing (BPO) projects submitted transfer of registration papers to the Board of Investments (BOI), according to Philippine Economic Zone Authority (PEZA) officer-in-charge (OIC) Tereso Panga. 

Panga said that most of the firms registered under PEZA or registered business enterprises (RBEs) wanted to be covered by the 30-percent WFH policy of PEZA, as most companies were also monitoring the national state of calamity and the chance of extending the paper registration to BOI.

“We requested for that extension to give way to last-minute filing of applications for paper transfer by our RBEs. Whatever it takes to keep the competitiveness of our IT locators, we are all for it. As our IT locators expect a seamless paper transfer to the BOI, we hope that all ease of doing business measures under the existing PEZA one stop facility will be retained,” Panga said.

Panga said while many IT-BPM locators wanted to stay with PEZA, they were apprehensive about the sustainability of the agency’s WFH policy.

“This is the preferred arrangement by our IT locators. Moving forward, we pray for the institutionalization of WFH, including amendment of Section 309, where both BOI and PEZA RBEs will be put on an equal footing following the objectives of the CREATE law and the Telecommuting Act,” Panga said.

Read more here. 

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