IT and Business Process Association of the Philippines (IBPAP) President Jack Madrid said about 150 RBEs under the IT-BPM industry have already been endorsed to the BOI as of November 27, to adopt up to 100 percent WFH arrangement. Know more:
IT and Business Process Association of the Philippines President Jack Madrid said about 150 registered business enterprises under the IT and Business Process Management industry have already been endorsed to the Board of Investments as of November 27, to adopt up to 100 percent work-from-home arrangement.
Madrid expects the number to be much higher in the coming days, knowing that Peza is “working very hard to process and endorse these applications.”Meanwhile, Madrid said once the BOI gets the endorsement of the Peza, the effectivity of the paper transfer should already be “pretty much immediate.” Under this paper transfer registration, BOI will issue a certificate of registration to the transferee RBEs for their conduct of 100 percent WFH. However, Peza earlier clarified that it will continue to administer to them the fiscal and non-fiscal incentives for the “sunset period.”
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