BOI improves frontline services
MANILA – The Board of Investments (BOI) is strengthening its National Economic Research and Business Action Center (NERBAC), which was created to guide new investors on how to jumpstart their plan to do business in the country.
The unit is the expanded institutional successor of the former BOI One-Stop Action Center.
The move is consistent with the pronouncement of President Benigno Simeon Aquino III to reduce the cost of doing business by streamlining procedures and facilitating business transactions.
NERBAC, headed by Director Ramon Rosales, was created in response to the desire of the business community to simplify dealings on investment matters with government agencies. It offers the services to all types of business no matter how small or big the business is.
Services range from rendering general business process counseling, discussing various options on investment prospects tailored to investor plans; providing timely information to help investors make informed business decisions; assisting in conferring with other national and local government agencies on investor concerns; and providing guidance on documentation procedures to realize investment goals.
From January to June 2010, the NERBAC assisted 635 potential investors through face to face counseling, telephone and emails.
A total of 19 firm investments leads were generated totaling an estimated P10 billion in project costs.
The NERBAC is backed up by the entire BOI organization and enjoys a wide network of agencies and private sector partners for possible interface with investors.
It has access to extensive knowledge-based data and information and manned by competent professionals always ready assist.*PNA
