P6.4-B IT projects get BOI incentives

Information technology projects approved by the Board of Investments (BOI) amounted to P6.356 billion from January to April this year, with Philweb.com Inc. accounting for the bulk of total approvals at P2.268 billion.

Philweb. com is an Internet service provider with other IT-enabled services such as but not limited to web development and hosting, hotel online program, e-padala and PhilCampus online enrollment.

The second biggest approval was that of Ayalaport Makati Inc. amounting to P1.069 billion. Ayalaport Makati Inc. is an Internet data center.

The third biggest approval for the review period was that of Sourcepilipinas.com with a total project cost of P447.863 million. Sourcepilipinas is an e-marketplace.

Next was the Vinta Systems Inc. with a project cost of P177.3 million. The firm is into software application development.

Another big project approved by the BOI was the P167.4-million project of Meridian Telekoms Inc. which is also an Internet service provider. – Marianne Go