The Board of Investment (BOI)’s One Window Network (OWN) is all set for its soft launch of a cloud-based web portal and mobile application system, which will enable investors to lodge queries and concerns online, as well as access a databank of information related to business and investments.
The BOI-OWN project has also included a system that can track and monitor the real time status of investors’ inquiries and concerns using personal computers or smart phones.
The soft launch is scheduled for today (August 19) at 2 pm in the BOI Audio Visual Room, located in the agency’s headquarters at 385 Senator Gil J. Puyat Avenue in Makati City.
To promote full transparency and accountability, the system is designed to lodge all investment-related requirements, policies and procedures “under one roof” and will be able to fast track the resolution of investors’ issues and concerns through online coordination and facilitation.
OWN is part of the BOI’s transformation program with the goals to better serve its stakeholders by encouraging a competitive business and investment environment in the country, and developing a more conducive atmosphere for industry development and global value chains.
OWN as an online investment facility will deploy a more efficient content management system, the agency said. The system design and development of OWN’s web application is expected to ensure user- or customer-friendly response by using the latest cloud applications. The BOI Investment Action Center (IAC) has been delegated full responsibility for maintaining the web application.
To date, Memoranda of Agreements (MOA) related to the data project have been signed with four members of the Investment Promotions Unite (IPU) Network. These are Department of Environment and Natural Resources –Environmental Management Bureau (DENR-EMB), Securities and Exchange Commission (SEC), Food and Drug Administration (FDA), and Department of Tourism (DOT). The MOA will ensure the smooth and continuous flow of information and coordination among IPU Network members. This will also strengthen the operating procedure of OWN. With the MOA in place, network members will provide IAC with periodic updates of all relevant rules, regulations and procedures of all business and investment related information.
“The agency is committed to ensuring that investment applications and issue and concerns are efficiently address by all stakeholders. With the soft launch of OWN, it has redoubled its efforts to strengthen its Information and Technology platforms and systems to provide accurate, relevant and timely information to its stakeholders. As soon as it is formally in place, OWN hopes to generate the necessary mileage with timely and highly impactful services that are at par with international standards of investor awareness and facilitation,” DTI Undersecretary and BOI Managing Head Adrian S. Cristobal Jr. said.
OWN was conceptualized by BOI Investment Assistance Service (IAS) and developed with the close collaboration of the University of the Philippines’ Information and Telecommunications Development Center (UP-ITDC).