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The Department of Trade and Industry – Board of Investments (DTI-BOI) reported that manufacturing output has rebounded, based on recent data released by the Philippine Statistics Authority (PSA) and IHS-Markit. This point toward industry stabilization as manufacturing output sees an upside in the months ahead with the ongoing rollout of the vaccination program and ease […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]