The Board of Investments (BOI) has endorsed ₱5.75 trillion worth of projects under the green lane status by the end of June, with the bulk of the investments directed to the renewable energy (RE) sector. Data from the BOI showed that 222 projects have been certified to go through the green lane...
The Department of Trade and Industry (DTI) is now awaiting the approval of the Fiscal Incentives Review Board (FIRB) for the government’s new incentives program for domestic electric vehicle (EV) manufacturing, which is poised to attract ₱120 billion in capital investments. In a statement, DTI...
The Board of Investments (BOI), the lead investment promotion agency of the Philippines, is expecting to process ₱1.12 trillion worth of investment pledges over the next two quarters, signaling the country’s growing appeal as an investment hub. The BOI said it is currently checklisting 65...
The Philippines is committed to becoming a regional powerhouse for smart and sustainable industries through ease of doing business that would facilitate a higher influx of investments, according to the Board of Investments (BOI). BOI Governor Marjorie Ramos-Samaniego issued this pledge as the...
The Board of Investments (BOI) has endorsed more than ₱5-trillion worth of projects under green lane status by the end of April, with the renewable energy (RE) sector having the bulk of investments. From January to April this year, the BOI endorsed a total of 26 projects valued at ₱631.22...
NexGen Energy Corp. announced that its subsidiary, Airstream Renewables Corp. (ARC), has secured green lane status for its four wind farm projects. In a disclosure to the Philippine Stock Exchange on Monday, April 7, NexGen Energy said ARC’s wind projects, which are located in Quezon province,...
Germany-based Glenwood GmbH has opened a pioneering facility aimed at supporting pharmaceutical companies globally, becoming the first pharmaceutical services project in the country, according to the Board of Investments (BOI). Glenwood Services Philippines Inc. (GSPI), a subsidiary of...
The Board of Investments (BOI) is looking to strengthen the Philippines’ trade relations with Canada, particularly in the critical minerals sector, as both nations explore the prospect of a potential free trade agreement (FTA). In a statement on Friday, March 7, the BOI said it engaged...
Investments for projects approved by the country’s leading investment promotion agencies (IPAs) reached a record-high of ₱1.9 trillion in 2024, reflecting the Philippines’ status as a rising investment destination. The total registered investments last year exceeded 2023 figures by over 29...
The Board of Investments (BOI) has awarded green lane certificates to Upgrade Energy Philippines Inc. (UGEP) to expedite regulatory approvals for its ₱3.62 billion solar power projects in Zambales and Capiz. UGEP's Cabangan solar project in Zambales, with a capacity of 56.771 megawatts (MW), has...
The Board of Investments (BOI) has set Friday, Feb. 14, as the deadline for businesses and other stakeholders to submit their inputs for the 2025-2028 Strategic Investment Priority Plan (SIPP). The SIPP, a three-year framework that lists economic activities that can qualify for fiscal incentives,...
The Board of Investments (BOI) has granted a green lane certificate to Sapang Balen Solar Sustainable Energy Corp. (SBSSEC), a subsidiary of TIGON Power Corp. The BOI said in a statement that the solar power project, located in Mabalacat City and Magalang Municipality, is expected to accelerate the...
