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...
The Board of Investments (BOI), the Philippine premier investment generation agency, has set a P1.25 trillion investments target in 2021, following the approval of P1.02 trillion in committed investments last year. “We are working hard for a V-shaped Philippine economic recovery in 2021 and are...
Philippines and Indonesia have committed to forge closer economic and bilateral ties to further deepening collaboration for both countries copper industry. This developed after the Board of Investments (BOI) recently held an online Copper Industry Dialogue with its Indonesian counterpart,...
MB file photo The Philippine Metalworkers Alliance (PMA-SENTRO) has called for a review of the automotive industry development plan stating the imposition of the safeguard measure is not enough to save the domestic automotive industry and stop car companies' exodus from the Philippines. PMA...
The Philippines’ Board of Investments (BOI) has approved and granted pioneer status to the P2.28 billion PETValue Philippines, set to be the country’s first bottle-to-bottle, food-grade recycling facility. The multi-phased project is a partnership between Coca-Cola Beverages Philippines,...
Board of Investments (BOI) Managing Head Ceferino S. Rodolfo is amenable to a three-year delay in the compliance of the volume requirement by participants of the Comprehensive Automotive Resurgence Strategy (CARS) Program in consideration of the setback caused by the pandemic. Rodolfo made...
