MANILA -- The Board of Investments (BOI) has recognized outstanding large enterprises as well as micro, small, and medium enterprises (MSMEs) during the 2017 Guinogulan Awards.
This is the first time for the investment promotion agency to recognize BOI-registered enterprises for their significant contribution in improving the economic environment of the country.
The country’s oldest palm oil company, Kenram Palmoil Industries, Inc. (KPII), bagged the Business Excellence Award for the Most Outstanding Business Enterprise.
BOI said Kenram’s investments have significantly impacted communities, particularly in Mindanao, through its inclusive business model.
The Sultan Kudarat-based palm oil and kernel producer services about 810 individual palm growers and cooperatives farming 16,500 hectares in SOCCKSARGEN region and Maguindanao.
Kenram also extends financial support and agronomic assistance to encourage oil palm farming.
The first Guinogulan Award for Large Enterprises is Razon family’s International Container Terminal Services, Inc. (ICTSI), the operator of Manila International Container Terminal.
The Filipino port operator has been expanding in different parts of the world, now with facilities in Argentina, Australia, Brazil, China, Colombia, Congo, Croatia, Ecuador, Georgia, Honduras, Indonesia, Iraw, Madagascar, Mexico, Nigeria, Pakistan, and Poland.
ICTSI has 8,000 employees worldwide as of 2016.
The BOI has recognized Kenneth Cobonpue’s company, Interior Crafts of the Islands, Inc. (ICII) as Guinogulan Award for Medium Enterprise.
ICII has introduced innovative techniques in furniture while combining natural and synthetic materials.
Its impeccable craftsmanship made ICII a world-renowned producer and designer of quality furniture.
From 80 employees in 1986, Cobonpue’s business now hires 320 workers.
A Christmas and holiday décor maker in Pasay City was awarded by BOI as outstanding small enterprise.
From holiday decors, Dekokraft, Inc. evolved to producing stylish candleholders, boxes, photo frames, centerpiece, and votives.
Dekokraft has also been active in participating in international trade fairs to promote its products and expand its markets.
Bulacan-based garment manufacturer and exporter Royal Touch International Corp. received the 2017 Guinogulan Awards for Micro Enterprises.
Its world-class standards of fabric and clothing and incorporating new technology in its operation like computerized sewing machine, while providing free electricity to its community and free lodging and utilities to its workers who wish to stay within the community made Royal Touch to stand out among many micro enterprises in the country.
“The award does not only supports Philippine global branding but also further highlights the competitive advantages of doing business in the Philippines with the awardees as living proofs and testimonies to the viability and profitability of doing business in the country,” Trade Undersecretary and BOI Managing Head Ceferino Rodolfo said. (PNA)
