Tag: BOI

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Philippines eyes $110B chip exports amid funding push

The Department of Trade and Industry (DTI), through the Board of Investments (BOI), has unveiled a roadmap to raise the Philippines’ semiconductor and electronics exports to USD110 billion annually by 2030, as it seeks to strengthen the country’s position in the global supply chain.

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.

P6.43T green lane projects advance toward implementation  

Projects endorsed under the government’s Green Lane Initiative are beginning to transition from approvals to execution, signaling early traction in the Philippines’ efforts to accelerate strategic investments across priority sectors.

Startup Nascent gains global battery recognition

A Philippine breakthrough in energy technology is drawing global attention, as Nascent Technologies Corp. secures a place in the Volta Foundation’s Annual Battery Report 2025, according to the Board of Investments (BOI).

BOI approvals jump on energy, foreign inflows 

Investment approvals by the Board of Investments (BOI) climbed sharply in February, fueled by strong activity in energy and a surge in foreign capital.

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Cebuana Lhuillier drives shift from access to active finance use

Financial inclusion in the Philippines has made significant strides, with formal account ownership nearly doubling since 2011 based on the World Bank’s Global Findex Database. But the deeper challenge is now emerging as access has expanded faster than sustained usage of financial services.

Customs fast-tracks digital shift in air cargo

The Bureau of Customs (BOC) is ramping up the rollout of the Electronic Airway Bill (e-AWB) under Commissioner Ariel F. Nepomuceno, signaling a more aggressive push to digitize export processing and modernize the country’s trade infrastructure.

STI 9-month net income steady at P1.6B; Q3 earnings drop on accounting shift

STI Education Systems Holdings Inc. reported flat net income of P1.6 billion for the first nine months of its fiscal year ending March, unchanged from the same period a year earlier.

JNEC to supply power to Manila Ocean Park, eyes expansion to other sites

Local power company Jin Navitas Electric Corp. (JNEC) will serve as the official retail electricity supplier of Manila Ocean Park under a two-year agreement, with an option to extend.

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