Economy
BOI mulls coal incentives amid Semirara uncertainty
The Board of Investments (BOI) is considering whether coal mining and production should be added to the list of activities eligible for fiscal perks under the upcoming Strategic Investment Priority Plan (SIPP), a move that could benefit Semirara Mining and Power Corp. (SMPC), the country’s largest coal producer.
Customs collections top Q1 target, hit P239B
The Bureau of Customs (BOC) raised P239.05 billion in revenues in the first quarter, beating its internal goal by 1.3 percent and higher by 3.3 percent from a year earlier, according to preliminary data.
World Bank cuts Philippine growth forecast as global risks rise
The World Bank expects Philippine economic growth to slow to 3.7 percent in 2026, down from 4.4 percent in 2025, according to its East Asia and Pacific (EAP) outlook released on April 8.
Philippines maps 3-tier strategy to attract investments
The Philippines is positioning itself as a regional hub for smart, sustainable, and innovation-driven industries under the draft 2025–2028 Strategic Investment Priority Plan (SIPP), which outlines priority investment areas across a three-tier system.
Philippines drops RACE, pivots to EV incentives
The Philippine government has scrapped its long-planned Revitalizing the Automotive Industry for Competitiveness Enhancement (RACE) program, opting instead to fast-track a new incentive framework focused on electric vehicles, a senior investment official said.
