The action taken by the Bangko Sentral ng Pilipinas (BSP) on allowing banks to expand green financing facilities is expected to accelerate renewable energy (RE) installations in the country that will usher in comprehensive decarbonization of the Philippine economy moving forward. As cited by Energy...
The 13.2-megawatt (MW) Nabas-2 Wind Power Project of PetroWind Energy Inc. (PWEI) has secured fiscal incentives from the Board of Investments (BOI). PWEI is a joint business between Yuchengco's PetroEnergy Resources Corporation (20 percent), PetroGreen Energy Corporation (PGEC) (40 percent), and...
Foreign investments approved by Department of Trade and Industry’s (DTI) investment promotion agencies since the start of the administration of President Marcos has reached P1.4 trillion, Trade and Industry Secretary Alfredo Pascual said. Trade and Industry Secretary Alfredo Pascual (Photo from...
In response to the call from developers, the Philippine Board of Investments (BOI) has announced the increase of threshold price per housing unit eligible for government tax incentives from P2 million to P3 million during the National Developers Convention in Cebu City last October 5, 2023 hosted...
Ampleon, the world’s third largest radio frequency (RF) power products manufacturer based The Netherlands, is exploring the country’s tax incentives regime to help them grow their existing business in Laguna. A BOI statement released Friday, Aug. 4, said the company based in Nijmegen, The...
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...
Mass housing developers have asked the Board of Investments (BOI) to raise to P4 million from the current P2 million threshold price per housing unit that would be eligible for government tax incentives, and extend the income tax holiday (ITH) availment period to six years from four years. In its...
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...
The Marcos administration has been aggressively promoting the country's priority sectors, such as green, innovative, and sustainable manufacturing and services, to attract more foreign investors, Malacañang said. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of Malacañang) Citing...
