The Board of Investments (BOI) reported that it approved 155 projects with combined investment pledges of P698 billion in the first half this year for a dramatic 203 percent increase versus the P230 billion in the same period in 2022 with renewable energy projects accounting for the bulk of the new...
Optum Global Solutions (Philippines), Inc. is investing P858 million to further expand its healthcare information management (HIM) operation in the Philippines and create 1,500 new jobs for the new project in Davao City. The Board of Investments (BOI), which approved the Optum Philippines...
Over a thousand companies inside special export processing zones (EPZs) will undergo a fiscal incentives review after the Department of Finance (DOF) found the incentives system being abused, Finance Secretary Benjamin Diokno said on Tuesday, May 30. Finance Secretary Benjamin Diokno at the Palace...
The Philippines and the United Kingdom will develop a refreshed Joint Action Plan on Trade, Investment, and Economic Cooperation for 2023 to 2024, as both partners agreed to pursue efforts, including improving ease of doing business in the Philippines, to further promote bilateral economic...
A total of 1,370 IT business process management (ITBPM) firms with combined investments of P8.185 billion have transferred their registration to the Board of Investments (BOI) from other investment promotion agencies (IPAs) to continue enjoying fiscal perks even if they operate under the...
A total of 1,370 IT business process management (ITBPM) firms with combined investments of P8.185 billion have transferred their registration to the Board of Investments (BOI) from other investment promotion agencies (IPAs) to continue enjoying fiscal perks even if they operate under the...
The domestic nickel industry said the government should first provide a stable policy environment for the mining industry, primarily on nickel, to be able to attract more foreign investors and participate in the electric vehicle (EV) global value chain. FNI and PNIA President Dante R. Bravo...
President Ferdinand "Bongbong" Marcos Jr. bared that there are 90 active investment leads from Chinese companies following his state visit to China in January. Marcos announced this as he spoke at the 33rd Biennial Convention of Federation of Filipino-Chinese Chambers of Commerce and Industry,...
The Board of Investments (BOI) is confident it would hit its P1 trillion investment approvals target for 2023, citing serious interests from global investors. Trade and Industry Secretary Alfredo E. Pascual, who is also BOI chairman, attributed the renewed interest of multinationals following the...
The Board of Investments (BOI), the country’s lead industry development and investments promotion arm, is conducting an appraisal study to develop the Philippine Plant-based Food Industry Roadmap. A six-month Rapid Industry Appraisal (RIA) Study aims to better understand the industry’s status,...
The Board of Investments (BOI) has thrown its strong support behind the full development and promotion of the 40-hectare Bukidnon Domestic Industrial Zone in Mindanao as hub for global food producers. BOI Managing Head Ceferino S. Rodolfo said the agency has facilitated the meeting of all...
The Board of Investments (BOI) has placed at $24.7 million the initial investments from the committed projects during the recent promotion drive in Switzerland. Trade and Industry Undersecretary Ceferino S. Rodolfo, who is also BOI managing head, said in a statement that the potential investments...
