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...
Toy manufacturers from Hong Kong are considering of investing in the Philippines as they showed strong confidence in the country. This was disclosed by the officers and members of the Toys Manufacturers’ Association of Hong Kong (TMHK) who joined an online information session with the Philippine...
Foreign direct investments (FDI) last year dropped 24.6 percent to a net inflow of $6.542 billion from $8.671 billion in 2019, but it was more than the Bangko Sentral ng Pilipinas’ (BSP) $6-billion projection for 2020. “The disruptive impact of the pandemic on global supply chains and the weak...
Hocheng Philippines Corporation (HPC), a leading manufacturer of bathroom equipment, is planning to expand its operations in the Philippines including the assembly, promotion, and distribution of COVID-19 screening devices. In a statement, Trade Undersecretary and Board of Investments (BOI)...
Committed investments approved by the Board of Investments in the first two months this year jumped 156 percent to P121.9 billion (approximately $2.5 billion) vis-a-vis P47.625 million in the same period in 2020, indicating that recovery is within sight. This was revealed by Trade and Industry...
The Board of Investments (BOI) has recently approved the application of CHRG Electric Vehicle Technologies, Inc. as a new domestic producer of electric vehicles (EV) fast chargers and retrofit kits on a non-pioneer status under the current Investments Priorities Plan listing of Innovation...
The Department of Trade and Industry through the Board of Investments (BOI) is exploring a P7-billion investment lead purportedly for a vaccine production project in the Philippines between a local pharma distributor company and LG, a leading Korean chaebol engaged largely in the electronics...
Italian businessmen have committed to prioritize the Philippines for their expansion programs in the ASEAN region. Enrico Letta, President of Associazione Italia-ASEAN said during the recent “Italy-Philippines: Discovering the Opportunities” webinar, co-organized by the Italian Chamber of...
