Home / Knowledge / News / Apparel/Garments / Philippines' BOI okays tax benefits to two garment units
Philippines' BOI okays tax benefits to two garment units
Jul '13
The Board of Investments (BOI), Government of Philippines, has approved the grant of tax benefits to two garment units, in order to revive the country’s garment sector exports.
The BOI has approved the P9.64 million project of H&S Inc for expansion of its existing production factory at Binangonan in Rizal province. The project is for adding capacity of 150,000 dozens of apparels annually, to the existing capacity to produce 31,200 dozens of garments per year.
The commercial operation of H&S’s expanded facility began last month, providing employment to 200 people. All the clothing produced at the extended facility would be exported to the US and the South American countries, BOI said.
BOI has also approved P4 million investment of I2 Industries Manufacturing Inc. for setting up a garment manufacturing unit in San Ildefonso, in Bulacan province, where commercial operation is expected to start in August 2013.
The new facility will employ 85 people and would have capacity to produce 25,000 dozens of kidswear, meant for export to the US and Australia.
Both the garment projects would be given tax incentives as they fall under the Export Activities component of the Investments Priorities Plan that identifies priority sectors for increasing investment inflows and generating more jobs, the BOI said.
Last year, Philippines’ garment exports declined by 17 percent year-on-year to US$ 1.57 billion, according to the National Statistics Office. 
From January to April 2013, for which figures are available, Philippines’ exported apparel worth US$ 546.90 million, down 12 percent compared to US$ 621.70 million exports made during the corresponding period of last year.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 20th Feb 2017

UK textile & apparel exports up 7.05% in 2016: UKFT

The exports of apparel and textiles from the UK have increased by...

Textiles | On 20th Feb 2017

Himatsingka Seide incorporates subsidiary in Europe

Himatsingka Seide Ltd, one of the largest producers of home textiles...

Courtesy: Green Initiatives

Apparel/Garments | On 20th Feb 2017

Green Initiatives launches Re:Form to end textile waste

Green Initiatives, a non-government institution, has launched...

Interviews View All

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search