Shenzhen Grandsun Electronics Co. Ltd., a Chinese sub contractor of a European company, is planning to expand operation in the country in one of the economic zones in Batangas City. This was revealed by Trade and Industry Secretary Ceferino S. Rodolfo at the recent virtual meeting with members...
The Department of Energy (DOE) is laying down the guidelines and requirements for energy efficiency (EE) ventures seeking tax incentives with the Board of Investments (BOI). The DOE has recently issued an initial draft of the Circular, but this will still be subject to consultations with...
CARS (Comprehensive Automotive Resurgence Program Participants) Program participants Mitsubishi Motors Philippines Corp. (MMPC) and Toyota Motor Philippines (TMP) are still behind in the production volume commitment of their enrolled models. The Board of Investments (BOI), which administers the...
The Board of Investments has granted pioneer tax incentives to the P30.6576 billion project of Philippines Fiber Optic Cable Network (PFOCN), a Singaporean company, which is expected to spur the country’s telecommunications sector. Trade and Industry Secretary Ramon M. Lopez announced the...
The Board of Investments (BOI) targets to conclude by end June this year all discussions and resolve divergent issues of the free trade agreement (FTA) with South Korea. Trade and Industry Undersecretary Ceferino S. Rodolfo said that this timeframe is critical because the Philippines will be...
Taiwanese-owned Sercomm has ramped up production of telco equipment to 10 million units after completing its $45 million investments at its facility in Laguna. The telecommunications and broadband equipment manufacturer disclosed this milestone to Department of Trade and Industry – Board of...
The Board of Investments (BOI), the Philippines’ premier investment promotion agency, said more projects in the pipeline such as motorcycle engine assembly project, data centers and IT infrastructure network, advanced metal/plastic packaging manufacturing facility, modern textile assembly are...
The Philippines will not stop its ongoing domestic processes for the suspension of trade concessions to Thailand even if it agreed to the creation of a facilitator-led process at the World Trade Organization to come up with a comprehensive solution to Bangkok’s continuing non-compliance to the...
Two local pharmaceutical firms are in “advanced stage and very serious interest” of their proposed COVID-19 vaccine manufacturing plans while at least four foreign companies have also been identified as potential vaccine technology providers, but a Philippine produced COVID-19 may have to wait...
The Board of Investments (BOI) does not see any problem is the proposed executive order that will extend by three years for a total of 9 years the compliance period for CARS Program participants. Trade and Industry Undersecretary Ceferino S. Rodolfo, who is also BOI managing head, the EO is...
The Board of Investments (BOI) has approved a total of P137 billion worth of projects as of middle March this year, reflecting a significant 64.65 percent increase from P83 billion in the same period last year. Trade and Industry Secretary Ramon M. Lopez (Bloomberg file photo) Trade and Industry...
TRINX Bicycle Sport Technology Corp. (TBSTC), a 60-40 Filipino-Chinese joint venture, is investing P356.4 million in the Philippines for the production of various types of bicycles for export and domestic markets. The Board of Investments (BOI) has approved the registration of TRINX, which...
