Philippine government launches business support campaign

Elevated, night view of Makati, the business district of Metro Manila.

The Philippine government has launched a campaign aimed at helping businesses adapt and recover from the Covid-19 pandemic.

The campaign, led by the Board of Investments (BOI), provides a dedicated website with information aimed at helping businesses and investors through the pandemic.

A range of policies and programmes are available, including guidance on how businesses can keep their goods and workers flowing through quarantined zones. Advice is also offered on taking advantage of special investment incentives, such as tax discounts and duty-free importation of capital equipment that will help them deal with the pandemic.

The website provides relevant information on investment opportunities, as well as links and contact information to various government agencies that can provide financial support on business loans and rents.

Businesses that require more dedicated help can book an appointment to talk to a dedicated BOI investment specialist, via the Book and Appointment link provided.

The resource is complemented by electronic newsletters regularly emailed to a distribution list. Those interested in receiving these newsletters can subscribe via a simple form.

The campaign comes as part of the government’s broader effort to help the country respond to and recover from the pandemic, following on from the landmark ‘Heal As One’ Act passed in March 2020.

Trade Undersecretary and BOI Managing Head Ceferino Rodolfo said: “We are constantly listening and talking to businesses across the Philippines in our efforts to help them through these difficult times. I am delighted to offer this resource, and the help of our dedicated business specialists, both of which are there to respond to the needs of businesses, whatever problems they may be having”

Clement Yang of Medtecs International Corporation, one of many businesses already helped by the campaign, said: “During GCQ/ECQ, transportation was suspended was difficult for our employees in Bataan. BOI helped with the shuttle bus rental so our employers could be picked up and driven to work on the production of face masks in the Philippines.”

Peachie Aquino, of Collins Aerospace, said: “The government has been supporting us in times of difficulty, like on importation of goods – something that’s crucial to our manufacturing and export activities. Many government agencies have been assisting us in resolving issues like this, which helps us mitigate any operation loss for our company.” (DTI Philippines)