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Government

BOI-APPROVED INVESTMENTS TOP P1T IN 2020 – LOPEZ

Department of Trade and Industry (DTI) Secretary and Board of Investments (BOI) Chairperson Ramon Lopez announced a P1.25T project approval target for the agency in 2021, following total approved investments of P1.02T last year. “We are working hard for a V-shaped Philippine economic recovery in 2021 and are hence targeting the original 2020 pre-pandemic goal for […]

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Government

COLD CHAIN INDUSTRY TO AID VACCINE STORAGE – BOI

The Board of Investments (BOI) and its partner industry stakeholders recently launched the Cold Chain Industry Roadmap, expecting to flourish as it plays a critical role in maintaining the safety and efficacy of the COVID-19 vaccines. The Cold Chain Industry Roadmap lays down the blueprint for industry expansion towards the “new normal” adept in coping […]

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Government

TOURISM PROJECTS THAT MEET ‘NEW NORMAL’ HEALTH STANDARDS TO GET BOI INCENTIVES – LOPEZ

The Board of Investments (BOI) will provide incentives to tourism projects involving upgrading and modernizing facilities that will ensure implementation of new health standards amid the ‘new normal’ due to the pandemic. The BOI said the investment promotion agency heeded the call of Tourism Secretary Bernadette Romulo-Puyat to put in place possible measures that will […]

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Politics

DTI, BOI MUST WORK DOUBLE TIME IN ATTRACTING INVESTORS SET TO EXIT CHINA – VILLAFUERTE

Deputy Speaker Lray Villafuerte is calling on the Department of Trade and Industry (DTI) and the Board of Investments (BOI) to work double-time in conducting roadshows abroad to attract foreign investors set on leaving China to relocate to the Philippines. Villafuerte at the same time called on the Senate to approve the state economic team’s modified version of the […]

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Government

GOV’T, PRIVATE SECTOR TEAM UP TO PRODUCE PPEs FOR FRONTLINERS – LOPEZ

Heeding the government’s call to produce more needed Personal Protective Equipment (PPEs) in the country, member-companies of the Confederation of Wearable Exporters of the Philippines (CONWEP) will start the local production of medical-grade PPE coveralls for frontline healthcare workers. “We need to protect our healthcare workers as they are in the frontline of our fight […]

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Government

INCLUSIVE INNOVATIVE INDUSTRIES NEED STRONGER GOV’T-PRIVATE SECTOR COLLABORATION – LOPEZ

Department of Trade and Industry (DTI) Secretary Ramon Lopez underscored the agency’s commitment in pursuing inclusive innovation in various industries through greater collaboration among other government agencies and the private sector as the world enters the Fourth Industrial Revolution (Industry 4.0). “In line with President Rodrigo Duterte’s vision of a future where all Filipinos have […]

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Government

BOI TARGETS 10% HIKE INVESTMENT APPROVALS IN 2019 – LOPEZ

The Board of Investments (BOI) is targeting to increase investment approvals this year in hopes of breaching the P1 trillion mark. Trade Secretary and BOI Chairman Ramon Lopez said the agency is eyeing a 10 percent growth in investment approvals this year from the P907.2 billion projects it had registered in 2018. Lopez noted that […]

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Government

BOI Approved Tourist Accommodation Facilities in Siquijor and Tagaytay – RODOLFO

  The Philippine Board of Investments (BOI) recently approved the Php62.4 million Casa Coco Hotel project of Altipeak Land Development, Inc. and the Php29.1 million Eco Container Hotel of Ecohotels Inc. These projects qualified as tourist accommodation facilities under the current Investments Priorities Plan (IPP). The Department of Tourism (DOT) endorsed the projects for approval […]