The Board of Investments (BOI) has approved the modernization project for the Visayan Container Terminal (VCT) in Iloilo City, aiming to transform the old complex into a state-of-the-art facility and boost the country's shipping industry. Trade Undersecretary and BOI Managing Head Ceferino S....
Filipinos could be assured of stable food supply, more job opportunities, and sustainable resources as the Board of Investments (BOI) has already certified 173 projects worth a total of P4.5 trillion under its Green Lane initiative. BOI Investment Assistance Service Director Ernesto C....
Following the beyond-target approved investments this year, the Board of Investments (BOI) is now aiming to surpass this record by securing P1.75 trillion in approvals for 2025. BOI Director Lanie Dormiendo, during a Dec. 20 press briefing, said that this 18 percent increase from current levels...
The Department of Trade and Industry (DTI) has exceeded its 2024 investment targets, reaching a total of P1.834 trillion in investments from the Board of Investments (BOI) and the Philippine Economic Zone Authority (PEZA). According to the DTI, the major factors behind this achievement include...
The Board of Investments (BOI) is seeking to strengthen trade and investment relations with Hungary, focusing on electronics, semiconductors, IT-BPM, and software development. At the recent Philippine-Hungary Business Forum, BOI Managing Head and Trade Undersecretary Ceferino Rodolfo highlighted...
The Board of Investments (BOI) reported that it has approved a total of P1.58 trillion in investments in the first 11 months of the year, driven largely by a surge in renewable energy projects. In a statement on Wednesday, Dec. 4, the Department of Trade and Industry (DTI) attached-agency said the...
Buhawind Energy Philippines (BEP) has been awarded the green lane certification by the Board of Investments (BOI) for its three offshore wind power projects with a combined target capacity of 4,000 gigawatts (GW). In a statement on Wednesday, Nov. 20, the BOI said the certification was granted due...
Philippine Airlines (PAL) will be equipping its aircraft with locally-made main cabin seats produced by Collins Aerospace, marking the first time the flag carrier will use Filipino-made seating. In a statement on Friday, Nov. 15, the Board of Investments (BOI) said this milestone between PAL and...
The Philippines, the United States, and Japan have further enhanced their economic cooperation by promoting resiliency amid pressing global trade challenges. In a related development, American agricultural producers have expressed hopes that Manila and Washington could forge a free trade agreement...
The Board of Investments (BOI) and the Korea Trade-Investment Promotion Agency (KOTRA) have formalized their partnership to strengthen bilateral trade and investment ties between Manila and Seoul. In a Memorandum of Understanding (MOU) signed on Oct. 7, 2024, the two agencies committed to jointly...
Mabuhay Vinyl Corp. (MVC), the country’s sole chlor-alkali producer, has increased its production capacity at its plant in Iligan City, the Board of Investments (BOI) said. In a statement, the BOI said the MVC invested P630 million in the facility to meet the rising demand for essential chemicals...
The Board of Investments (BOI) has approved a total of P4.13 trillion in high-impact projects, including hundreds of renewable energy (RE) investments, through its green lane initiative. Of the 126 projects certified by the BOI, 119 are clean energy projects, with a combined investment value...
