The Board of Investments (BOI) reported that it has approved a total of P1.58 trillion in investments in the first 11 months of the year, driven largely by a surge in renewable energy projects. In a statement on Wednesday, Dec. 4, the Department of Trade and Industry (DTI) attached-agency said the...
Buhawind Energy Philippines (BEP) has been awarded the green lane certification by the Board of Investments (BOI) for its three offshore wind power projects with a combined target capacity of 4,000 gigawatts (GW). In a statement on Wednesday, Nov. 20, the BOI said the certification was granted due...
Philippine Airlines (PAL) will be equipping its aircraft with locally-made main cabin seats produced by Collins Aerospace, marking the first time the flag carrier will use Filipino-made seating. In a statement on Friday, Nov. 15, the Board of Investments (BOI) said this milestone between PAL and...
The Philippines, the United States, and Japan have further enhanced their economic cooperation by promoting resiliency amid pressing global trade challenges. In a related development, American agricultural producers have expressed hopes that Manila and Washington could forge a free trade agreement...
The Board of Investments (BOI) and the Korea Trade-Investment Promotion Agency (KOTRA) have formalized their partnership to strengthen bilateral trade and investment ties between Manila and Seoul. In a Memorandum of Understanding (MOU) signed on Oct. 7, 2024, the two agencies committed to jointly...
Mabuhay Vinyl Corp. (MVC), the country’s sole chlor-alkali producer, has increased its production capacity at its plant in Iligan City, the Board of Investments (BOI) said. In a statement, the BOI said the MVC invested P630 million in the facility to meet the rising demand for essential chemicals...
The Board of Investments (BOI) has approved a total of P4.13 trillion in high-impact projects, including hundreds of renewable energy (RE) investments, through its green lane initiative. Of the 126 projects certified by the BOI, 119 are clean energy projects, with a combined investment value...
The Department of Energy (DOE) is making a bold promise to power plant investors that it will be extending utmost help so they can secure warranted permits with the national government agencies (NGAs) as well as with their host-local government units (LGUs) so that the P1.29 trillion worth of...
The Board of Investments (BOI) has approved the registration of Nakashin Davao International Inc.'s 519.2-kilowatt peak Solar PV Rooftop System project, the first renewable energy (RE) initiative to receive energy efficiency incentives. With a projected budget of P26 million, the Solar PV Rooftop...
The Board of Investments (BOI) announced that it has achieved investment approvals totaling P1.35 trillion from January to mid-September, exceeding its initial target of P1.26 trillion for the year. This year-to-date figure represents a substantial 82 percent increase compared to the P741.98...
The Board of Investments (BOI) granted ACEN Corp. a green lane certificate of endorsement for its 587-megawatt solar power plant in Zambales. In a statement, BOI said the construction of the San Marcelino solar power plant project will "employ up to 2,000 skilled workers, with Phases 1 and 2 alone...
The Board of Investments (BOI) and BDO Unibank, Inc. have entered into a partnership to promote investments in the Philippines. According to BOI, the agreement signed on Sept. 3 strengthens their collaboration on investment seminars and promotion activities, noting that “the partnership also aims...
