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...
SM Investments Corporation is seen to perform better in the second half of this year as it benefits from the traditionally stronger sales for the retail business during the long Christmas season. Macquarie Capital Securities (Philippines), Head of Research Gilbert Lopez said in a research reports...
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...
Alfamart, the SM Group’s super minimart chain, has opened its 2,000th store in a residential village in Sta. Rosa, Laguna, as it continues to enhance grocery accessibility in local neighborhoods and communities. "Alfamart sees immense value in serving underserved communities. Our 2,000th store...
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...
The Board of Investments (BOI) has partnered with South Korean lender Shinhan Bank to attract more foreign investors to the Philippines. The move comes as Manila anticipates the ratification of a Free Trade Agreement (FTA) with South Korea, which is expected to boost economic ties between the two...
Metro Pacific Water Solutions (MPWS), a unit of Metro Pacific Investments Corporation, sees strong potential for growth in the wastewater management business as it has currently tapped less than 10 percent of the market. MPWS President and CEO Christopher Andrew B. Pangilinan said in an interview...
The Board of Investment (BOI) said it will provide technical assistance to the Batangas government to improve the ease of doing business and expedite investment realization in the province. Trade Undersecretary and BOI Managing Head Ceferino S. Rodolfo said that they will enhance their...
The United States Department of Commerce's International Trade Administration (ITA) will lead a delegation of 12-15 American companies and trade associations to the Philippines in November to explore opportunities in digitalization and modern urban infrastructure. Dubbed as the Innovative...
The Board of Investments (BOI) announced on Wednesday, Sept. 4, that investments certified under the green lane program have surpassed P3 trillion. In a statement, BOI reported that 115 projects have been submitted to its One-Stop Action Center for Strategic Investments (OSACSI) as of August 2024,...
SM Investments Corporation, through its SMAC (SM Advantage Card) loyalty program, and Philippine Airlines’ (PAL) Mabuhay Miles, have renewed their partnership with the implementation of higher conversion rates. Effective Sept. 1, the conversion structure of SMAC Points to Mabuhay Miles and vice...
A high-profile Australian trade and investment mission is scheduled to take place in Manila this week, aimed at strengthening economic ties between Australia and the Philippines. The delegation, comprising 14 Australian businesses and led by Shemara Wikramanayake, managing director and chief...
