The Philippines continued to attract foreign direct investments (FDI) despite the pandemic, according to the Board of Investments (BOI). Trade and Industry Undersecretary Ceferino S. Rodolfo, who is also managing head of the country’s premier investment promotion agency - BOI, told...
The business sector has proposed a ten-point recommendation to the Duterte to push for economic recovery. At the Sulong Pilipinas Pre-SONA forum of the Economic Development and Infrastructure Clusters, Ambassador Benedicto V. Yujuico, president of the Philippine Chamber of Commerce and...
Implementation of the Strategic Investment Priorities Plan (SIPP), a list of priority areas that will be entitled to tax incentives under the new Corporate Recovery and Tax Incentives for Enterprises (CREATE) Law, is expected to take effect in January 2022. Trade and Industry Undersecretary...
Power and energy projects registered with the Board of Investments (BOI) jumped by 2,800 percent to P122 billion in the first quarter this year as against P4.2 billion only in the same period in 2020. According to BOI Managing Head Ceferino S. Rodolfo, the latest committed investment is the P1.22...
Biotech Farms, Inc. is investing P1.33 billion to expand its annual hogs production capacity by 48 percent to help address the huge shortage of meat products in the country caused by the African Swine Flu on local piggery farms. The Board of Investments has already approved the grant of tax...
Shenzhen Grandsun Electronics Co. Ltd., a Chinese sub contractor of a European company, is planning to expand operation in the country in one of the economic zones in Batangas City. This was revealed by Trade and Industry Secretary Ceferino S. Rodolfo at the recent virtual meeting with members...
The Department of Energy (DOE) is laying down the guidelines and requirements for energy efficiency (EE) ventures seeking tax incentives with the Board of Investments (BOI). The DOE has recently issued an initial draft of the Circular, but this will still be subject to consultations with...
CARS (Comprehensive Automotive Resurgence Program Participants) Program participants Mitsubishi Motors Philippines Corp. (MMPC) and Toyota Motor Philippines (TMP) are still behind in the production volume commitment of their enrolled models. The Board of Investments (BOI), which administers the...
The Board of Investments has granted pioneer tax incentives to the P30.6576 billion project of Philippines Fiber Optic Cable Network (PFOCN), a Singaporean company, which is expected to spur the country’s telecommunications sector. Trade and Industry Secretary Ramon M. Lopez announced the...
The Board of Investments (BOI) targets to conclude by end June this year all discussions and resolve divergent issues of the free trade agreement (FTA) with South Korea. Trade and Industry Undersecretary Ceferino S. Rodolfo said that this timeframe is critical because the Philippines will be...
Taiwanese-owned Sercomm has ramped up production of telco equipment to 10 million units after completing its $45 million investments at its facility in Laguna. The telecommunications and broadband equipment manufacturer disclosed this milestone to Department of Trade and Industry – Board of...
The Board of Investments (BOI), the Philippines’ premier investment promotion agency, said more projects in the pipeline such as motorcycle engine assembly project, data centers and IT infrastructure network, advanced metal/plastic packaging manufacturing facility, modern textile assembly are...
