THE Board of Investments (BoI) said it has approved the P391-million coconut processing plant project of Ahya Coco Organic Food Manufacturing Corp. and the P20.1 million business process outsourcing (BPO) project of Milenia Data Systems Inc.“With growing demand for coconut products abroad, the country, as one the world’s largest coconut producers,hopes to address such demand,” Trade Undersecretary and BoI Managing Head Ceferino Rodolfo said on Tuesday. The facility is producing canned coconut milk (7,286 metric tons a year or MTPY), canned coco water (6,970 MTPY), virgin coconut milk (485 MTPY) and coconut flour (1,061 MTPY). Exports of coconut products amounted to $1.41 billion in 2016, a .4-percent increase from $1.4 billion in 2015, according to the Philippine Statistics Authority. Rodolfo said that the health information management (HIM) sector has been a great catalyst for the growth of the Information Technology-Business Process Management (IT-BPM) industry in recent years. HIM is the practice of maintaining personal health information in hospitals or other healthcare organizations enabling the delivery of quality healthcare to the public.

Source: Manila Times May 09, 2017 17:15 UTC