Tag: BOI

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Lapu-Lapu, BOI tie-up targets Cebu investment surge

A new partnership between the Lapu-Lapu City Government and the Board of Investments is expected to strengthen Cebu’s investment climate, with private sector participation—particularly from Aboitiz InfraCapital—seen as a key catalyst for long-term growth.

Philippines courts Japanese capital with banking alliance

The Philippines is sharpening its pitch for Japanese capital, formalizing a three-way partnership between the Board of Investments (BOI), Sumitomo Mitsui Banking Corp. (SMBC), and Rizal Commercial Banking Corp. (RCBC).

Gov’t targets 2027 to settle CARS dues

The government is aiming to fully settle its remaining obligations under the Comprehensive Automotive Resurgence Strategy (CARS) Program by 2027, according to Ceferino Rodolfo, managing head of the Board of Investments.

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.

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.

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DOE opens bidding guidelines for Mindanao-focused renewable energy auction

The Department of Energy has released the terms of reference for the seventh round of the Green Energy Auction, which will prioritize renewable energy projects in Mindanao.

NFA steps up palay purchases as wet-season support prices rise

The Department of Agriculture (DA) confirmed that the National Food Authority (NFA) is expanding its palay procurement efforts to boost the country’s rice buffer stocks.

Another round of steep fuel price hikes expected this week

Local fuel retailer Jetti Petroleum has warned that another significant increase in pump prices for gasoline and diesel is set to take place this week.

SEC adopts updated financial reporting standards

The Securities and Exchange Commission has formally adopted the latest set of financial reporting pronouncements to ensure the country’s reporting framework keeps pace with changing global accounting standards and growing demands for sustainability-related disclosures.

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