Local fruit growers seek BOI perks

MANILA, Philippines - Local fruit grower Mont Manna Fruits, Inc. is seeking incentives from the Board of Investments (BOI) for a project in Leyte.

In a published notice, the BOI said “Mont Manna Fruits, Inc. is applying for registration with the BOI as new producer of pineapple buckers on a non-pioneer status.”

The project is located in Ormoc, Leyte.

The project has an annual capacity of 3.5 million pieces.

The firm could get perks such as income tax holidays should its application be approved by the BOI.

To promote investments, the government is offering incentives for activities under the Investment Priorities Plan (IPP).

Agriculture or agribusiness and fishery are among the preferred activities under the IPP.

Apart from agriculture or agribusiness and fishery, other preferred activities that can qualify for incentives are creative industries or knowledge-based services; energy; shipbuilding; mass housing; infrastructure; research and development; green projects; motor vehicles; strategic projects; disaster prevention, mitigation and recovery projects; iron and steel; and hospital or medical services.

Mont Manna Fruits is engaged in growing fruits such as pineapples and bananas in Ormoc.