BOI’s OWN launched to ease doing business in PH
With the recent launch of Board of Investments One Window Network (OWN), the Department of Trade and Industry (DTI) and Board of Investments (BOI) expect to improve business transactions with the government, and attract more investors to support the country’s goal of sustainable and inclusive growth.
“We recognize the importance of investment servicing and facilitation for both domestic and foreign investors in making investment decisions. We strive, on putting mechanisms to ensure predictability, transparency, and accountability of business transactions in the country,” DTI Investment Promotion Group Officer-in-charge and BOI Executive Director Raul V. Angeles said.
The BOI-OWN is a cloud based web portal and online system of coordination and facilitation that will hasten government agencies’ resolution of investor issues and concerns. It is government-to-government project of the BOI and the University of the Philippines Information Technology Development Center (UP-ITDC).
This project intends to improve the efficiency of delivering government frontline services by putting in place a cloud based web portal that contains business procedures, policies, and requirements; establishing online investment assistance for investor queries and complaints; and providing mechanisms for the monitoring of government’s compliance to Anti-Red Tape Act (ARTA) of 2007.
“Let us continue to cooperate for more effective and efficient government service in order to bring out the economic development that will redound to inclusive growth and employment opportunities to our countrymen,” Angeles said.