The Philippines is committed to becoming a regional powerhouse for smart and sustainable industries through ease of doing business that would facilitate a higher influx of investments, according to the Board of Investments (BOI).BOI Governor Marjorie Ramos-Samaniego issued this pledge as the...
The Board of Investments (BOI) has endorsed more than ₱5-trillion worth of projects under green lane status by the end of April, with the renewable energy (RE) sector having the bulk of investments.From January to April this year, the BOI endorsed a total of 26 projects valued at ₱631.22...
NexGen Energy Corp. announced that its subsidiary, Airstream Renewables Corp. (ARC), has secured green lane status for its four wind farm projects.In a disclosure to the Philippine Stock Exchange on Monday, April 7, NexGen Energy said ARC's wind projects, which are located in Quezon province, have...
Germany-based Glenwood GmbH has opened a pioneering facility aimed at supporting pharmaceutical companies globally, becoming the first pharmaceutical services project in the country, according to the Board of Investments (BOI).Glenwood Services Philippines Inc. (GSPI), a subsidiary of...
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 with...
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 an...
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, is...
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 Circular...
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. Rodolfo...
