The Board of Investments (BOI) expects foreign investment pledges approved by the country’s investment promotion agencies (IPAs) to maintain their upward trajectory through the end of the year, despite a sharp decline in total approved investments in the first quarter. Department of Trade and...
Metro Pacific Water (MPW), a unit of tycoon Manuel V. Pangilinan’s Metro Pacific Investments Corp. (MPIC), has taken over the water distribution network of San Jose del Monte City in Bulacan on an interim basis. In a statement on Friday, June 5, MPW said the local government of San Jose del...
The Board of Investments (BOI) has certified ₱340.07 billion worth of investments under the green lane program for the first four months of the year, fueled by the growing appeal of the country as a renewable energy (RE) hub. In a statement, the BOI said these investments are from 14 proposed...
The government’s new list of economic activities eligible for incentives is expected to encourage the entry of investments aimed at propelling the country’s economic growth, according to the Department of Trade and Industry (DTI). Trade Secretary Cristina Roque said the government is looking...
Malacañang said President Marcos secured around P56.3 billion in potential investments from major Japanese companies during separate meetings on Thursday, May 28. This covers expansion projects in shipbuilding industries, advanced electronics manufacturing, semiconductor production, artificial...
The Philippines secured a total of P210 billion in investment commitments from Japanese corporations that met with President Marcos during his state visit to Tokyo. Malacañang disclosed that the high-level roundtable meeting with top Japanese business executives on Wednesday, May 27, yielded "an...
SM Investments Corp. (SMIC) increased its group-wide renewable energy sourcing to 31 percent of total electricity consumption last year, accelerating its shift toward cleaner energy across its sprawling retail, property, and banking empire. SMIC said its transition to green energy rose from 27...
Singapore-based Vena Group is strengthening its role in the Philippines’ ongoing transition to clean energy as it begins development of its two solar projects in Ilocos Norte valued at over ₱24 billion, according to the Board of Investments (BOI). The BOI said the groundbreaking of the Astra...
Foreign investment approvals by the country’s investment promotion agencies (IPAs) surged by more than half in the first quarter of 2026, although overall approved investments—including Filipino-led projects—declined sharply during the period, according to the Philippine Statistics Authority...
The Philippines is planning to ease existing hurdles to trade with Turkey as it looks to encourage investments in the country’s manufacturing and infrastructure sectors, according to the Board of Investments (BOI). In a statement, the investment promotion agency said BOI managing head Ceferino...
Metro Pacific Investments Corp. (MPIC) reported a five percent increase in first-quarter core profit as robust demand for power and healthcare services offset higher interest expenses and the diluted stake in its water utility. Manuel V. Pangilinan, MPIC chairman, president, and chief executive...
SM Investments Corp. (SMIC), the conglomerate controlled by the Philippines’ wealthiest family, is pushing ahead with a multi-billion-dollar reclamation project despite geopolitical headwinds in the Middle East, even as its banking unit opts for a “wait-and-see” approach on liquidating...
