Start-up renewable energy (RE) firm Matuno River Development Corporation (MRDC) is advancing on to the commercial operation of its 8-megawatt hydroelectric power generating facility before the end of this year. The company announced that the run-of-river power project, which is sited in Bambang,...
Participants and domestic autoparts manufacturers in the Comprehensive Automotive Resurgence Strategy (CARS) program expect to receive an estimated P2.6 billion in fiscal tax incentive claims. Ferdinand Raquelsantos, president of the Philippine Parts Makers Association (PPMA), said that of the...
Chinese firms are investing in electric vehicle assembly, telecoms and steel manufacturing projects in the Philippines, while Filipino investors in China are also coming back and reinvesting in the country. Board of Investments (BOI) Managing Head Ceferino S. Rodolfo said this during the virtual...
The Board of Investments (BOI) has approved the application of OIKOS Sustainable Solutions Inc.(OIKOS) as new producer of environment friendly hidrobags under the newly-enacted Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act. The project has qualified for incentives because its...
The Philippines will be prioritizing 7 sectors in the Philippines Skills Framework (PSF), an inter-agency initiative to build the skills and competencies of the country’s human capital and better prepare them for the work of the future as 48 percent of current jobs could be displaced by...
The singer-songwriter is now among celebrities making most of the novel app. Avril Lavigne made her TikTok debut recently, making it special for fans jamming to her iconic hit "Sk8er Boi." And she tapped a special guest, too. It's none other than skateboarding legend Tony Hawk. The video opened...
There has been strong interest from American firms to invest in the Philippines from manufacturing, infrastructure and services, according to the top official of the Board of Investments (BOI). At the virtual Philippines-US Make It Happen In the Philippines Business Dialogue, BOI Managing Head...
Dyson, the world’s leading innovative home appliance manufacturer, is in discussion with the Board of Investments (BOI) for the establishment of a full blown R&D Center in the Philippines as the country becomes a more viable location for foreign manufacturers. Trade and industry...
Do you want to learn more about home-grown technologies? dost Check out the “Compendium” set up by the Department of Science and Technology-Philippine Council for Industry, Energy and Emerging Technology Research and Development (DOST-PCIEERD) and the Department of Trade Industry (DTI)- Board...
The Board of Investments (BOI) is eyeing some Japanese pharmaceutical manufacturers to look at the Philippines as a viable location for their expansion and exports to ASEAN countries. BOI Managing Head Ceferino Rodolfo, who is also undersecretary of the Department of Trade and Industry, made...
The Implementing Rules and Regulations (IRR) of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act is expected to be finalized this month but the new Strategic Investment Priorities Plan (SIPP) has to wait until early next year yet. “We’re hoping to sign the IRR within this...
A micro fruit processing enterprise in Agusan del Norte has been granted tax and fiscal incentives by the Board of Investments. With a modest project cost of P1.46 million, KOR-Palm Agricultural Development Philippines Corporation (KADC) has established a fruit processing plant with a maximum...
