Highlights of the 2014 Investments Promotion Unit Network (IPU-Net) Meeting
On 22 April 2014, the Board of Investments (BOI) held the annual Investments Promotion Unit Network (IPU-Net) Meeting at the AVR, BOI Building, Makati City. One of the objectives of the meeting was strengthen and renew the commitment of each member agencies to the IPU-Net. The meeting provided the venue to develop “breakthrough” initiatives in rendering efficient services to investors.
The Investments Promotion Unit Network (IPU-Net) is composed of 27 government agencies working together to fast track the resolution of investors’ issues and concerns. The IPU network came about as a result of a Memorandum of Agreement (MOA) entered into by BOI with several government agencies sometime in April 2007. The BOI serves as the secretariat of the group and handles the referral/coordination system, including the tracking and monitoring of unresolved issues.
Among those who attended the meeting were officers from the Department of Agriculture (DA), Bureau of Customs (BOC), National Commission on Indigenous Peoples (NCIP), National Intelligence Coordinating Agency (NICA), Department of Science and Technology (DOST), Office of the Ombudsman (OMB), Department of Finance (DOF), Civil Service Commission (CSC), Department of Foreign Affairs (DFA), Bureau of Immigration (BI), Department of Energy (DOE), National Economic Development Authority (NEDA), Bangko Sentral ng Pilipinas (BSP), Securities and Exchange Commission (SEC), Information and Communications Technology Office (ICTO), Department of Labor and Employment (DOLE), Department of Tourism (DOT), Bureau of Internal Revenue (BIR) and Manila International Airport Authority (MIAA).
During the meeting, the accomplishment of the group and the collaborative effort of the member agencies were discussed. In addition, the plans and programs for 2014 were also highlighted.
One of the initiatives of the IPU Net is the creation of the BOI Single Window Investment Facilitation (BOI-SWIF) project. The BOI-SWIF is a system that allows investors to lodge their issues and conerns with a single body, anytime and anywhere. It aims to fast-track the government agencies’ action, and the eventual resolution of issues and concerns ONLINE, using cloud application. The SWIFT project will also allow the concerned investor to check the status of the concerns online, without going through circuitous personal interaction. It is envisioned that the stakeholders of the system will be updated in real time, and would also enable them to send feedback immediately. This initiative is still a work in progress. During the meeting, the IPU-Net members gave their suggestions to improve the conceptual framework of the SWIFT-ESC project .