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...
The Philippines said it is close to filling up the gaps in the value chains for the copper & nickel, electronics and automotive sectors to support its goal of becoming a major player in the electric vehicle (EV) market. Board of Investments (BOI) Managing Head Ceferino S. Rodolfo said...
The Philippines has identified 90 investment leads with estimated initial project cost of $24.1 billion that are expected to materialize within a year, according to Trade and Industry Secretary Ramon M. Lopez. Lopez, who is also chair of the country’s premier investment promotion and generation...
She may have described "Sk8er boi" in her song back in 2002, but on her recent Instagram post last Monday, Canadian Pop-rock artist Avril Lavigne rode the skateboard once more. The video and photo of her skating bears no caption, and it garnered more than 500,000 likes as of writing. Avril, 36,...
For manufacturer Manufacturers in the Philippines are allowed to carry over any operating loss from financial year 2020-2021 as tax deduction from gross income over the next five taxable years, according to the Board of Investments (BOI). BOI Managing Head Ceferino Rodolfo said this has been ...
The Department of Finance (DOF) and the Board of Investments (BOI), which is under the Department of Trade and Industry (DTI), are at loggerheads again. Finance Secretary Carlos G. Dominguez III and DTI Secretary and BOI Chairman Ramon M. Lopez both used the 46TH Philippine Business Conference to...
