The gigawatt-scale of offshore wind projects being advanced into commercial development by London-headquartered Corio Generation had secured ‘green lane’ certification from the Board of Investments (BOI) as underpinned by Executive Order 18 issued by President Marcos. The certification will...
The Board of Investments (BOI) reported that it had approved six projects following President Marcos’ decision in February to raise the investment promotion agencies (IPAs) threshold to P15 billion. According to the Department of Trade and Industry's (DTI) IPA, the BOI greenlit six projects...
The Board of Investments (BOI) has granted approval for agricultural projects totaling nearly P10 billion to bolster the country’s food security and resilience. In a statement, the Department of Trade and Industry’s (DTI) investment promotion agency said the Department of Agriculture (DA)...
The Board of Investments (BOI) reported on Tuesday, July 9, that the government is crafting a strategic roadmap to propel the development of the domestic bioplastics sector. In a statement, the Department of Trade and Industry’s (DTI) investment promotion agency said it aims to formalize the...
The Board of Investments (BOI) has committed to tackling the persistent challenges faced by local and foreign investors in the country through enhanced policy alignment and increased collaboration among government agencies. In a statement on Wednesday, July 3, Bobby G. Fondevilla, BOI executive...
Singapore-headquartered Nexif Ratch Energy Investments Pte. Ltd. (NREI) has secured "green lane" certification from the Board of Investments (BOI) that will streamline the permitting processes for its wind and solar projects in the Philippines. According to the company, the green lane endorsement...
The P4.8 billion Pampang hydroelectric power project of FDC Renewables Corporation of the Filinvest group, which has an installed capacity of 33.4 megawatts, had been granted with ‘green lane certificate of endorsement’, based on the approval accorded by the Board of Investments. With the...
The Board of Investments (BOI) reported that the total value of investments granted green lane certifications has surpassed P2 trillion. Data from the One-Stop Action Center for Strategic Investments (OSAC-SI) showed that 74 projects amounting to P2.32 trillion have been certified as of June 20,...
The Board of Investments (BOI) approved P640.22 billion worth of investments for the first five months of this year, led by domestic investments and continuous projects in the renewable energy (RE) sector. This year’s end-May investment figure was 14 percent higher than the P562.90 billion...
While the Energy Regulatory Commission (ERC) is partly blamed for the power supply mess in the country due to its slow action on issuance of warranted rules and approvals of power supply agreements (PSAs), it has opted to sign a memorandum of agreement (MOA) with the Board of Investments (BOI) for...
In response to the call from developers, the Philippine Board of Investments (BOI) has announced the increase of threshold price per housing unit eligible for government tax incentives from P2 million to P3 million during the National Developers Convention in Cebu City last October 5, 2023 hosted...
Ampleon, the world’s third largest radio frequency (RF) power products manufacturer based The Netherlands, is exploring the country’s tax incentives regime to help them grow their existing business in Laguna. A BOI statement released Friday, Aug. 4, said the company based in Nijmegen, The...
