BOI green lights P35.2-M IT service project in Taguig
The Board of Investments (BOI) recently approved a P35.2-million project in Taguig City to improve the Philippine Information Technology-Business Process Management (IT-BPM) industry.
According to the BOI’s statement, the project’s approval — registered under DB Results (Philippines), Inc. — is part of Tier 1 of the Strategic Investment Priorities Plan (SIPP).
DB Results (Philippines) is a newly incorporated firm that offers services such as digital software development and solutions, cloud-managed services, software program management and delivery, systems implementation, and integration, and IT consulting.
The million peso project will soon open its site in Bonifacio Global City. It will provide digital software to improve companies’ operations in the financial services, retail, utilities, and pharmaceutical industries.
It will also adopt a 100% work-from-home (WFH) arrangement and is expected to generate 198 direct labor and selling or full-time administrative employees in the fifth year of its operation.
BOI Managing Head and Trade Undersecretary Ceferino S. Rodolfo said the project would boost the country’s IT-BPM industry.
“Attesting the competitive edge of the Philippines in the industry, this latest addition to the many thriving companies in the sector is a testament that the Philippines remains as a top destination for IT-BPM industry,” Rodolfo added.
