The BOI is spearheading this year the conduct of Online Investment Assistance Training for Investors specifically how businesses and investors can maximize BOI’s One Window Network (BOI-OWN).
BOI-OWN is a cloud-based web portal and mobile application system that enables investors not only to lodge queries and concerns online, but also access a databank of information related to business and investments. It also includes a system that can track and monitor real time status of an investor’s inquiry online. BOI-OWN can also be used to request for pre-investment, post-investment, inbound mission and joint venture assistance. It also has a mobile application version called PH Board of Investments.
In my attempt to understand how the government in general and the Department in particular works, I decided to look at the manual for the Organizational Performance Indicator Framework of OPIF. The OPIF Reference Guide developed by DBM defines Organizational Performance Indicator Framework (OPIF) as a results-based management approach being mainstreamed by the Government of the Philippines (GOP) as one of the pillars of its public expenditure management (PEM) reforms. Through OPIF and other reforms, the PEM seeks to change the orientation of expenditure management from focusing on rules and processes to focusing on three key objectives or outcomes: fiscal discipline – living within the means or resources available to the government; allocative efficiency – spending money on the right things or right priorities, and; operational efficiency – obtaining the best value for the money or resources available.
The Reference Guide that I got from the DBM website is comprehensive and I must say that it opened my eyes to a lot of budgetting stuff that I often ignore in my 13 years working here. I’ve long wondered what is covered by MOOE, PS, CO, etc. The Guide provided a definition for all these and many other terminologies relevant to budgeting.
OPIF provides a direct line from the societal goal to the individual’s performance. It’s amazing really how it is able to do that. The line towards the top may not be very clear however but at the minimum it provides a way for one to know how you contribute to the societal goal of the government.