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BOI update for Farmout’s Call Center Philippine Operations

Farmout is pleased to note that BOI has approved our request to have the terms and conditions of our BOI Certificate REg no 2005-168 from :

“The ITH incentives shall be limited only to the revenues generated from this Call Center activity”

To:

“The ITH incentives shall be limited only to the revenues generated from the ICT enabled services”

This effectively allows our Philippine call center operations to offer more services and still be covered by the terms of the Board of Investments