The Board of Investments (BOI) is looking to strengthen the Philippines’ trade relations with Canada, particularly in the critical minerals sector, as both nations explore the prospect of a potential free trade agreement (FTA). In a statement on Friday, March 7, the BOI said it engaged...
Investments for projects approved by the country’s leading investment promotion agencies (IPAs) reached a record-high of ₱1.9 trillion in 2024, reflecting the Philippines’ status as a rising investment destination. The total registered investments last year exceeded 2023 figures by over 29...
The Board of Investments (BOI) has awarded green lane certificates to Upgrade Energy Philippines Inc. (UGEP) to expedite regulatory approvals for its ₱3.62 billion solar power projects in Zambales and Capiz. UGEP's Cabangan solar project in Zambales, with a capacity of 56.771 megawatts (MW), has...
The Board of Investments (BOI) has set Friday, Feb. 14, as the deadline for businesses and other stakeholders to submit their inputs for the 2025-2028 Strategic Investment Priority Plan (SIPP). The SIPP, a three-year framework that lists economic activities that can qualify for fiscal incentives,...
The Board of Investments (BOI) has granted a green lane certificate to Sapang Balen Solar Sustainable Energy Corp. (SBSSEC), a subsidiary of TIGON Power Corp. The BOI said in a statement that the solar power project, located in Mabalacat City and Magalang Municipality, is expected to accelerate the...
The Board of Investments (BOI) has set its sights on fostering international collaboration to bolster the country’s education sector and promote academic excellence. This comes after the agency made key amendments to the 2022 Strategic Investment Priority Plan (SIPP) through its Memorandum...
The country’s renewable energy sector is expected to garner more funding as Masdar, a clean energy firm based in the United Arab Emirates (UAE), has signed a deal to facilitate prospective investments. A Memorandum of Understanding (MOU) was signed on Wednesday, Jan. 15, between the...
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...
