BOI grants more fiscal perks

MANILA, Philippines - Thirteen new and expansion projects, including a wellness services venture and housing developments in the provinces, will enjoy fiscal incentives from the Board of Investments (BOI). The BOI recently approved fiscal perks for more than P3 billion worth of projects. The biggest project to qualify for BOI’s incentives is Makati Medical Center’s (MMC) P1.7 billion expansion plan, which involves the construction of a 12-storey building to house additional healthcare and wellness facilities of the hospital. Other projects getting fiscal perks include the P413-million low-cost and mass housing project of P.A. Alvarez Properties and Development Corp. in San Pedro, Laguna; the P307-million economy housing project of Stateland, Inc. in Imus, Cavite; the P200-million fishery and agribusiness venture of A&J Seafoods and Marine products; and the P44-million banana chips production project of Prime Xynergies Food Corp. in Davao del Sur. - GMANews.TV