The Board of Investments (BOI) has granted its green lane certificate to a ground-mounted solar farm in Mabini, Pangasinan. In a statement, the BOI said on Tuesday, Aug. 20, that the certification covers the 41.25-hectare Mabini solar power plant project owned by Spotlight Power Inc. (SPI) in Brgy....
SM Investments Corporation (SMIC), the flagship of the Sy family, is acquiring 184 hectares of land in Muntinlupa City from a nearly wholly-owned subsidiary, Intercontinental Development Corporation (ICDC), through a property-for-shares swap. In a disclosure to the Philippine Stock Exchange, SMIC...
The Board of Investments (BOI) vowed to enhance awareness of incentives for Energy Efficiency and Conservation (EE&C) projects to motivate companies to transition to renewable energy (RE). In a recent roadshow at the Clark Freeport Zone in Pampanga, the BOI presented new guidelines for...
Metro Pacific Agro Ventures (MPAV), a unit of conglomerate Metro Pacific Investments Corporation, is considering the chicken egg and carabao milk businesses while continuing to ramp up its dairy and vegetable capacities. In an interview, MPAV President Juan Victor Hernandez said their core strategy...
The Philippine Statistics Authority (PSA) reported that approved foreign investments tripled in the second quarter, reflecting strong investor confidence in the country's economic prospects. From April to June 2024, the total approved foreign investments soared 189.5 billion, a substantial increase...
The Board of Investments (BOI) has awarded the green lane certificates of endorsement to Vind Energy Corp.’s two offshore wind projects in Cavite and Guimaras. Department of Trade and Industry (DTI) Undersecretary and BOI Managing Head Ceferino S. Rodolfo awarded certificates to Alma...
The mammoth Terra Solar project of SP New Energy Corporation (SPNEC) of the Manila Electric Company (Meralco) group which will command aggregate investment of P190 billion has secured ‘green lane certification’ from the Board of Investments (BOI) that will enable it to avail of fast-tracked and...
Metro Pacific Investments Corporation (MPIC), now a privately-held conglomerate controlled by tycoon Manuel V. Pangilinan, expects 2024 to be a banner year and sees the company continuing to post all-time high profits in the coming years. In a press briefing, MPIC Chief Finance Officer...
The Board of Investments (BOI) is encouraging local manufacturers to decrease their reliance on conventional energy sources by embracing energy efficiency and conservation measures. During the first “Make REshift Happen" roadshow, Raquel Echague, BOI Resource-Based Industries Service director,...
The Sy-led SM Prime Holdings Inc. is allocating P10 billion of 10 percent of its capital expenditures to sustainable and resilient designs and using renewable energy as part of its commitment to preserving the environment. In a statement, SM Investments Corporation said SM Prime integrates rigorous...
The Board of Investments (BOI) has endorsed the green lane processing for the P7.5 billion renewable energy project by Freya Renewables Inc. in Talisay City, Cebu. In a statement, BOI Executive Director Bobby G. Fondevilla announced the issuance of a green lane certificate to Freya Renewables for...
SM Investments Corporation, the flagship of the Sy family and one of the country’s biggest conglomerates, reported a 10 percent improvement in consolidated net income to P40.2 billion in the first half of 2024 from P36.5 billion in the same period last year. In a disclosure to the...
