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...
The Board of Investments (BOI) has approved on a pioneer status the P2.3-billion state-of-the-art recycling facility for the plastic bottle packaging used by Coca-Cola Beverages Philippines Inc. (CCBPI). BOI Managing Head Ceferino S. Rodolfo said the project called PetValue is a joint venture...
Board of Investments Managing Head Ceferino S. Rodolfo has conceded that approved investment commitments in 2020 would fall short of its goal for another P1 trillion mark for the – year. In a briefing with the BOI press, Rodolfo said that as of their latest Board meeting they are still at...
The Board of Investments (BOI) expects to sustain its P1 trillion investment generation level next year and growth in exports albeit at a slower pace. Trade and Industry Secretary Ramon M. Lopez, who is also chair of the BOI, said that despite the challenges of the pandemic, the...
(Ali Vicoy/Manila Bulletin) The Philippines net foreign direct investments (FDIs) declined by 8.6 percent to $4.832 billion for the first three quarters this year as against $5.289 billion in the same period last year as the COVID-19 pandemic continued to dampen investor sentiments. “The decline...
A major motorcycle manufacturer is relocating its engine production and assembly facilities from two ASEAN countries for consolidation in the Philippines, while a copper processing venture is keen on locating in Leyte, according to the Board of Investments (BOI). BOI Managing Head Ceferino S....
Robinsons Land Corp. (RLC) is investing P4.1 billion for the construction of Westin Sonata Palace Hotel project of Robinsons Land Corporation (RLC) in Mandaluyong City. The Board of Investments has approved the project with incentives upon the endorsement of the Department of Tourism (DOT)....
Connovate Philippines, Inc. (CPI) is expanding its operation as new producer of modular housing components as it looks to supply huge demand for housing construction in the country. The Board of Investments (BOI) recently approved CPI’s P93 million expansion to Panabo Cit, Davao del Norte, its...
