The Board of Investments (BoI) has granted tax incentives to about half a billion pesos (PHP)-worth of projects led by a modern poultry project of Biotech Farms Inc. and real estate projects.

Manila Bulletin reports that Biotech Farms Inc. is investing PHP 200 million as a new producer of fresh chicken eggs and other by-products of poultry layer project in barangay 6 Banga, South Cotabato.

The facility is expected to produce 39.254 million a year of fresh chicken eggs, 135,360 culled layers and 28,569 bags of manure.

Based on its application, Biotech will construct a modern poultry layer facility using special pre-fabricated panels and accessories for all its facilities, equipment and state-of-the-art climate-controlled systems.

The climate-controlled system will produce safe and high quality eggs products free from any harmful bacteria and adulteration of any chemicals that can cause human illnesses.

The project will also produce other by-products such as culled layers and manure which will serve as raw materials for organic fertilisers.

The project will start commercial operation in January 2010 employing 16 people. Its major stockholders include Wilfredo T. Chiang, Josefina T. Chan, Jocelyn T. Chiang, Chan Shui Lam, Faustino L. Condura and Dunga T. Chan.

The three approved real estate projects are Casa Regalia Inc., Forte Realty Corp. and Lynville Realty and Development Corp., according to Manila Bulletin. Lynville Realty is investing PHP 140.93 million for the construction of a 340 low-cost mass housing units over 2.72 hectares of land in Sta. Cruz, Laguna. The Lynville Homes Phase 3 East Gate will be a bungalow style, two-storey single attached and single detached units.