BOI finalizes blueprint that ends BPO investment perks
The Board of Investments (BOI) is now finalizing the general polices and specific guidelines of the new three-year investment blueprint that includes a provision that ends the perks to business process outsourcing (BPO) firms. The BOI blueprint stated that the perks granted to BPO investments in Metro Manila will be lifted by 2019 as the government seeks to funnel fresh capital to the provinces. The 2017 Investment Priority Plan (IPP) includes more SME-oriented, innovation-drive, health and environment conscious activities. According to the memorandum, there is a deliberate policy to shift investments to the countryside.