{"id":54454,"date":"2022-11-24T14:53:59","date_gmt":"2022-11-24T06:53:59","guid":{"rendered":"https:\/\/news.outsourceaccelerator.com\/?p=54454"},"modified":"2022-11-24T14:53:59","modified_gmt":"2022-11-24T06:53:59","slug":"p13-9bn-it-bpm-projects-to-transfer-from-peza-to-boi","status":"publish","type":"post","link":"https:\/\/news.outsourceaccelerator.com\/p13-9bn-it-bpm-projects-to-transfer-from-peza-to-boi\/","title":{"rendered":"P13.9Bn IT-BPM projects to transfer from PEZA to BOI"},"content":{"rendered":"

The Philippine Economic Zone Authority (PEZA) endorsed the transfer of 163 Information Technology- Business Process Management (IT-BPM) projects valued at P13.9 billion (US$244 million) to the Board of Investments (BOI).\u00a0<\/span><\/p>\n

In a statement, the ecozone authority said that the BOI is currently processing 55 of the 163 projects that have already paid the administrative fee.\u00a0<\/span><\/p>\n

This is in line with the policy allowing IT-BPM firms to adopt a 100% work-from-home (WFH) setup. In September, the Fiscal Incentives Review Board (FIRB) issued Resolution 026-22 that allows registered business enterprises (RBEs) under the IT-BPM sector to adopt up to 100% WFH arrangement by transferring their registration to the BOI from PEZA.<\/span><\/p>\n

According to the BOI, these firms shall have until Dec 31, 2022, to exercise the option to register under their agency.<\/span><\/p>\n

\u201cThose who did not exercise the option shall no longer be allowed to register and shall be covered by Sec. 309 of CREATE.\u201d<\/span><\/p>\n

In October, PEZA OIC and Deputy Director General for Policy and Planning Tereso Panga assured the IT-BPM sector of the agency\u2019s full support and assistance in the transfer of registration to allow the implementation of 100% WFH arrangements.<\/span><\/p>\n

\u201cWe in PEZA always strive to provide the best business ecosystem in the ecozones so we can continue to attract more investments and sustain the growth of this winner sector,\u201d Panga stated.<\/span><\/p>\n

PEZA will retain monitoring and reporting of the subject locators\u2019 performance and other compliance requirements.<\/span><\/p>\n

Read more here.<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Philippine Economic Zone Authority (PEZA) endorsed the transfer of 163 Information Technology- Business Process Management (IT-BPM) projects valued at […]<\/p>\n","protected":false},"author":12,"featured_media":54455,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[200],"tags":[],"yoast_head":"\nP13.9Bn IT-BPM projects to transfer from PEZA to BOI - Outsource Accelerator<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/news.outsourceaccelerator.com\/p13-9bn-it-bpm-projects-to-transfer-from-peza-to-boi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"P13.9Bn IT-BPM projects to transfer from PEZA to BOI - Outsource Accelerator\" \/>\n<meta property=\"og:description\" content=\"The Philippine Economic Zone Authority (PEZA) endorsed the transfer of 163 Information Technology- Business Process Management (IT-BPM) projects valued at […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/news.outsourceaccelerator.com\/p13-9bn-it-bpm-projects-to-transfer-from-peza-to-boi\/\" \/>\n<meta property=\"og:site_name\" content=\"Outsource Accelerator\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/outsourceaccelerator\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-24T06:53:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news.outsourceaccelerator.com\/wp-content\/uploads\/2022\/11\/P13.9Bn-IT-BPM-projects-to-transfer-from-PEZA-to-BOI.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"HJ Suroy suroy\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@outsourceaccel\" \/>\n<meta name=\"twitter:site\" content=\"@outsourceaccel\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"HJ Suroy suroy\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/news.outsourceaccelerator.com\/p13-9bn-it-bpm-projects-to-transfer-from-peza-to-boi\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/news.outsourceaccelerator.com\/p13-9bn-it-bpm-projects-to-transfer-from-peza-to-boi\/\"},\"author\":{\"name\":\"HJ Suroy suroy\",\"@id\":\"https:\/\/news.outsourceaccelerator.com\/#\/schema\/person\/f226e9b21c9720115eb44eadda5ea32a\"},\"headline\":\"P13.9Bn IT-BPM projects to transfer from PEZA to BOI\",\"datePublished\":\"2022-11-24T06:53:59+00:00\",\"dateModified\":\"2022-11-24T06:53:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/news.outsourceaccelerator.com\/p13-9bn-it-bpm-projects-to-transfer-from-peza-to-boi\/\"},\"wordCount\":243,\"publisher\":{\"@id\":\"https:\/\/news.outsourceaccelerator.com\/#organization\"},\"articleSection\":[\"Local\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/news.outsourceaccelerator.com\/p13-9bn-it-bpm-projects-to-transfer-from-peza-to-boi\/\",\"url\":\"https:\/\/news.outsourceaccelerator.com\/p13-9bn-it-bpm-projects-to-transfer-from-peza-to-boi\/\",\"name\":\"P13.9Bn IT-BPM projects to transfer from PEZA to BOI - 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