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BOI concludes CREATE MORE Roadshow in Davao, solidifying investment opportunities in Mindanao

DAVAO CITY—The Board of Investments (BOI) successfully concluded the final leg of its domestic CREATE MORE Roadshow series in Davao City on June 10, 2025, further reinforcing the government’s commitment to advancing Mindanao’s economic growth through strategic investment promotion.

The Davao event, which gathered around 100 industry stakeholders, members of the diplomatic corps, and government representatives, yielded investment interests from manufacturing, logistics, and food-security related activities. This outcome reflects the growing confidence of investors in the region’s expanding business landscape and the enabling environment created by the CREATE MORE Act.
BOI Director for Domestic Investment Promotion Service (DIPS) Rosario Dominguez opened the program, underscoring the agency’s ongoing role in facilitating investor engagement and addressing regional investment priorities. Mindanao Development Authority (MinDA) Secretary Leo Magno delivered the keynote address, highlighting the critical role of Mindanao in national development and the transformative potential of CREATE MORE in unlocking new growth corridors.

In photo: (Top) MinDA Secretary Magno delivering his keynote message; (Bottom) BOI IAC Exec. Director Fondevilla and BOI IPPS Dir. Recolizado addressing inquiries during the open forum

BOI Investment Policy and Planning Service (IPPS) Director Sandra Recolizado presented an overview of the Strategic Investment Priority Plan (SIPP), detailing priority sectors and activities aligned with national development goals and eligible for incentives under the CREATE MORE framework. Meanwhile, BOI Investment Assistance Center (IAC) Executive Director Bobby Fondevilla followed with a comprehensive briefing on the CREATE MORE Act’s provisions, emphasizing enhanced tax incentives, improved regulatory clarity, and flexibility measures designed to attract and retain investments.

The roadshow concluded with a robust open forum and synthesis led by Department of Trade and Industry (DTI) Region XI Acting Assistant Regional Director, Rachel Remitio, providing participants with an opportunity to clarify implementation concerns and discuss strategies to optimize the law’s benefits for Mindanao’s socio-economic advancement.

Enacted as Republic Act No. 12066, CREATE MORE enhances the country’s investment climate by extending tax incentives, introducing additional enhanced deductions, clarifying VAT zero-rating treatments, facilitating flexible work arrangements, and harmonizing local taxation. The roadshow series has been integral to ensuring stakeholders nationwide are well-informed and equipped to leverage these improvements to catalyze sustainable economic growth.

Recognizing the impact of the CREATE MORE initiative and the efforts of the BOI in driving it forward, MinDA Secretary Leo Magno emphasized Mindanao’s vital role in national progress, stating, “Mindanao is not just a footnote in the national economy, it is a growth engine with a capacity to transform industries, uplift communities, and power a more inclusive Philippines. There are not enough words for me to say thanks to those responsible for this roadshow.”

With the domestic roadshow series now complete, the BOI continues to Make it Happen in the Philippines as it prepares for upcoming international investment promotion missions aimed at showcasing the country as a competitive and resilient investment destination. -END-

BOI Brings “CREATE MORE” Roadshow to Cebu: Unlocking Strategic Incentives and Boundless Investment Opportunities

CEBU CITY, Philippines—The Board of Investments (BOI), an attached agency of the Department of Trade and Industry (DTI), pursued the second leg of the “CREATE MORE: Making Investments Happen in the Philippines” domestic roadshow, held on June 4, 2025, at the Radisson Blu Hotel. The event convened over 150 participants, including business leaders, local government officials, investors, and representatives from foreign and local chambers, reaffirming Cebu’s position as a key economic driver in the Visayas.

The roadshow forms part of BOI’s broader effort to promote awareness and uptake of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act and its newly enacted counterpart, Republic Act No. 12066 or the CREATE MORE Law. The law builds on the foundation of CREATE by institutionalizing a more transparent, performance-based, and time-bound system for granting fiscal incentives. It also strengthens the mandate of the Fiscal Incentives Review Board (FIRB) and Investment Promotion Agencies (IPAs) to streamline processes, cut bureaucratic red tape, and provide more responsive support to enterprises engaged in strategic and innovation-led activities.

Making it Happen in Cebu. Participants gathered for the CREATE MORE Roadshow to learn about the enhanced incentives and investment opportunities under the updated CREATE Law.

In her opening remarks, Maria Rosario J. Dominguez, Director of the BOI’s Domestic Investments Promotion Service, emphasized the importance of extending the benefits of investment facilitation to the regions. “This exclusive, high-level gathering is part of our ongoing efforts designed to spotlight investment opportunities across the country and bring the opportunities offered by CREATE MORE closer to our regional partners,” she said.

In photo: BOI Director Maria Rosario J. Dominguez delivers opening remarks during the Cebu leg of the CREATE MORE roadshow.

Jennifer C. Bretaña, Regional Director of the Department of Economy, Planning, and Development, delivered the keynote address and highlighted Central Visayas’ favorable outlook for economic growth in 2025. She cited the importance of stable inflation, sustained investment inflows, and sound management of external risks. She also underscored the role of political stability, infrastructure development, and workforce upskilling as key enablers of continued regional expansion.

A key presentation during the event was delivered by Mariane Genelou S. Reyes, Chief Investments Specialist at the BOI’s Research and Policy Division, who provided an overview of the Strategic Investment Priority Plan (SIPP) and its role in guiding incentive approvals.

Ms. Reyes reported that from the time the 2022 SIPP took effect in June 2022 until its end in December 2024, the BOI had approved a total of Php3.38 trillion worth of investments. She noted that the top-performing sectors included renewable energy, which accounted for Php2.58 trillion; digital infrastructure at Php295.14 billion; and logistics and supply chain-related investments totaling Php168.24 billion. These figures demonstrate the country’s strong positioning to attract high-value, sustainable, and forward-looking investments.

Atty. Bobby G. Fondevilla, Executive Director of the BOI Investments Assistance Center, presented the key features of the CREATE MORE Law. He discussed the law’s expanded menu of incentives, including longer periods of income tax holidays and enhanced deductions for qualified enterprises. He clarified issues that previously caused uncertainty among investors, particularly around the VAT-zero rating of certain transactions.

In photo: Atty. Bobby G. Fondevilla discusses the key provisions of the CREATE MORE Law during the technical briefing.

He also highlighted that the new law institutionalizes flexible work arrangements for registered business enterprises located in special economic zones, providing greater adaptability in terms of working conditions. Executive Director Fondevilla emphasized that the reforms embedded in CREATE MORE were crafted in direct response to feedback from the private sector and are intended to support a competitive and innovation-friendly business environment.

An open forum followed the presentations, where attendees asked about registration procedures, sector eligibility, and implementation timelines. BOI officials responded to queries and encouraged local businesses to coordinate closely with the BOI Cebu Extension Office for guidance on how to navigate the incentives system and register their projects.

In photo: Attendees participate in an open forum, engaging directly with BOI officials for investment guidance.

In her closing remarks, Melanie C. Ng, Area Vice President for Visayas of the Philippine Chamber of Commerce and Industry (PCCI), welcomed the BOI’s efforts to engage regional stakeholders and called on the business community to make full use of the opportunities now available under the CREATE MORE framework.

The Cebu leg of the roadshow was held in partnership with the Philippine Chamber of Commerce and Industry (PCCI), the European Chamber of Commerce of the Philippines (ECCP), and the American Chamber of Commerce of the Philippines (AmCham). It forms part of a broader initiative by the BOI to bring investment facilitation directly to stakeholders across the country. The final leg of the CREATE MORE roadshow will take place in Davao City, as BOI continues its mission to promote strategic investments and unlock regional growth potential. —END—

BOI Promotes PH’s Pursuit of Role in Global Education Sector through Transnational Higher Education Act in Australian Forum

PH as a destination for education opportunities. BOI Executive Director Ma. Corazon Halili-Dichosa discusses the “Philippine Opportunities in the Higher Education Sector” during the Transnational Education Opportunity Forum in Sydney, Australia on April 28, 2025.

SYDNEY, AUSTRALIA—The Board of Investments (BOI) joined the Commission on Higher Education (CHED) in promoting the country’s aim to elevate its role in the global education sector through the passage of Republic Act (RA) No. 11448 or the Transnational Higher Education (TNHE) Act during the Transnational Education (TNE) Opportunity Forum.

Recognizing that globalization has rapidly transformed the landscape of education, fostering a climate of borderless teaching and learning, BOI Executive Director Ma. Corazon Halili-Dichosa emphasized the importance of the TNHE Act in addressing the growing need for accessible higher education and advanced learning technologies in the Philippines.
“This is a significant step for the BOI to present the Philippines as a strategic location for investments and partnerships in the education sector. Education is a priority of the government and thus enjoys support, including incentives and investment facilitation with a “whole-of-government” approach,” Executive Director Halili-Dichosa said in the forum, which was co-organized by the Education Center of Australia (ECA).

The TNHE Act aims to provide Filipino students access to international education and ensure the global competitiveness of higher education in the Philippines.

“Strategically located, the Philippines is within reach of major Asian capitals, thereby facilitating the mobility of students, experts, and industries within the region. The Filipinos are globally recognized for their English proficiency, and thus, foreign students and faculty do not need to learn a new language. Lastly, the country’s affordable cost of living provides higher education at a relatively lower expense, making the Philippines attractive to overseas students,” she added.
President and Chief Executive Officer (PCEO) Agnes Devanadera of Clark Development Corporation (CDC) also spoke during the forum and offered Clark as a location for prospective education cities and branch campuses of Australian universities in the Philippines.
The Forum was attended by Australia’s leading universities, such as Charles Sturt University, University of the Sunshine Coast, University of Technology Sydney, University of Canberra, Victoria University, University of New South Wales, Australian Catholic University, and University of Western Sydney.

The Philippine delegation also visited industry-linked facilities of the Australian universities. Among those visited was Flinders University’s Factory of the Future, which was built to foster relationships between manufacturing leaders and the University’s researchers and professionals to solve problems and reveal opportunities.

The factory is equipped with a range of advanced technologies, including augmented and virtual reality headsets, a range of robot welding and assembly work cells, vision systems, various sensors, precision laser scanning, upper body exoskeletons, and metal 3D printing. Located in the globally recognized Tonsley Innovation District, the facility works with several global brands such as Siemens, Sage Automation, ZEISS, Micro X, and Tesla, among others.

Executive Director Halili-Dichosa (fifth from right) during the tour at ThincLab of the University of Adelaide.

The Filipino delegation also visited ThincLab and the South Australian Health and Medical Research Institute (SAHMRI). ThincLab is the University of Adelaide’s business incubator facility supporting students, alumni, staff, and start-ups. It helps founders and start-ups through tailored coaching and programs from a variety of industry experts. SAHMRI also houses a comprehensive set of equipment and expertise in the areas such as medical imaging, pathology, cryogenics and animal research. Some of its facilities are available to external researchers on a per-use basis while others are available through collaboration with SAHMRI staff.

“This Mission to Australia was a milestone for BOI, as this is our first outbound activity to promote Memorandum Circular 2024-08 that included Education City and Branch Campus as preferred activities in the Strategic Investment Priority Plan (SIPP) to implement the Academe-Industry Matching Program. It aligns well with our AIM! Strategy on supporting internationalization with CHED to foster matching between local and foreign academic institutions and facilitate access to advanced technologies and knowledge. Likewise, the Mission allowed us to benchmark our facilities, initiatives, and programs with leading economies,” Executive Director Halili-Dichosa added.

As preferred activities, Education City and Branch Campus projects may be entitled to fiscal incentives under the CREATE Act, as amended by RA 12066.

In 2024, the BOI launched the AIM! Program, which is focused on developing human capital by aligning academic efforts with the current and future needs of local industries, particularly those identified under the government’s positioning strategy to make the Philippines a regional hub for globally competitive, innovative, and sustainability-driven industries.

The Program is structured around three strategic pillars. Pillar 1, K4F-PH (Kids for the Future of Philippine Industrialization), is an early-stage intervention in partnership with the Department of Education (DepEd) to raise awareness among learners about future industries and trends and encourage them toward education tracks in support of these industries. Pillar 2, TRANSCEND (Transformational Skills-based Career Enrichment and Development), aims to deliver industry-responsive skills development opportunities, highlighting opportunities for Enterprise-Based Education and Training (EBET) in collaboration with TESDA and other training institutions. Pillar 3, ELEVATE (Enhance Learning Ecosystem and Value-Adding Competencies Towards Employment), in partnership with CHED, intends to institutionalize best practices, strengthen academe-industry linkages, and cultivate highly skilled, employment-ready graduates.

CHED Chairperson J. Prospero de Vera III, in a statement, hailed the mission in furthering the Philippines’ position in the international education market, deepening cooperation with Australia, and opening the way for future partnerships in higher education.

Moreover, joining BOI, CDC and CHED are the presidents and heads of five (5) Philippine higher education institutions including Chancellor Michael Tee of University of the Philippines (UP) Manila, Maria Teresita Medado of Asia Pacific College (APC), Renato Carlos Ermita Jr. of National University (NU), Erwin Cadorna of University of Northern Philippines (UNP), and Jaime Manuel of Don Mariano Marcos Memorial State University (DMMMSU). -END-

DTI reports soaring investment approvals under Marcos, reaching PHP 3.54 trillion since mid-2022

Makati City, Philippines—As the Marcos administration marks its third year in office, the Department of Trade and Industry (DTI) reports continued momentum in investment approvals. This reinforces the Philippines’ position as a hub for smart and sustainable manufacturing and services amid evolving global economic conditions.

From July 2022 to April 2025, the Philippines, through the Board of Investments (BOI), recorded a total of PHP 3.54 trillion in approved investments—a 70.64% increase compared to the same period under the previous administration. This includes record-breaking annual figures: PHP 729 billion in 2022, PHP 1.26 trillion in 2023, and PHP 1.62 trillion in 2024—the highest in the BOI’s 57-year history, driven largely by renewable energy projects. The total approved investments are expected to generate 147,304 jobs, reflecting the administration’s commitment to translating investment growth into meaningful employment opportunities for Filipinos.

DTI Secretary Cristina A. Roque during the CREATE MORE High-Level Forum on March 28

“These record-breaking figures are a testament to the Philippines’ sound investment policies and enduring appeal as a regional hub. But even more importantly, they reflect the strong leadership and clear directive of President Ferdinand R. Marcos Jr. to build a strong, innovation-driven economy anchored on high-quality investments that generate jobs, enhance infrastructure, and elevate our global competitiveness,” said Secretary Cristina A. Roque.

“Under President Marcos’ administration, we are not only pursuing numbers—we are pursuing meaningful transformation. Through strategic policy direction and whole-of-government coordination, we are laying the foundations for long-term, inclusive, and innovation-led growth,” the trade chief added.

Understanding Investment Cycles and Global Factors

While investment approvals in 2025 have seen a slowdown, this trend is expected and reflects the natural cycle of investment activity. The majority of previously approved large-scale projects have now entered their implementation phase. Additionally, external factors such as tighter global financial conditions and heightened geopolitical uncertainty have contributed to a more cautious investment environment, signaling a temporary shift from rapid expansion to execution and policy consolidation.

“It is important to understand the nature of strategic investments. Projects such as offshore wind farms, logistics corridors, and energy infrastructure are large-scale undertakings that involve detailed planning, permitting, and construction phases. These do not translate into immediate FDI inflows, but they are critical to long-term growth and competitiveness,” Secretary Roque explained.

Between January 2022 and February 2025, the country experienced fluctuating foreign direct investment (FDI) inflows, influenced by global economic conditions and ongoing policy reforms. Despite these fluctuations, industry-level data shows that manufacturing, real estate, and information and communication remained the top sectors for FDI, with manufacturing consistently recording the highest share and sustained growth. Further, the recent downtrend in FDIs is not unique to the Philippines; it is part of a broader global and regional trend as reported by the United Nations Conference on Trade and Development.

The current global environment, shaped by the US-China trade war and renewed calls for reciprocal tariffs in the United States, has also influenced investor behavior, particularly in the IT-BPM sector. While the direct impact on operations has been limited, mainly affecting the sourcing of IT equipment and software, the broader climate of uncertainty has prompted firms to reassess investment timelines and supply chain strategies.

In the Philippine context, demand for outsourced services remains strong, supported by the continued expansion of global capability centers. While artificial intelligence (AI) presents automation risks, it is also expected to drive demand for upskilling and create new roles, particularly in areas requiring complex decision-making. If effectively harnessed, AI can support innovation across key sectors, including agriculture, electronics, logistics, healthcare, and finance.

Promoting the Philippines as an Investment Destination

To further strengthen the country’s global positioning, the BOI launched the CREATE MORE Roadshows in March 2025, beginning in Makati City and set to expand to Cebu and Davao. These events aim to highlight opportunities under the Corporate Recovery and Tax Incentives for Enterprises (CREATE MORE) Act and are designed to engage both local and foreign investors on the benefits of locating in the Philippines.

DTI Undersecretary Ceferino S. Rodolfo during the 2025 Global Business Club Philippine Business Forum on April 07

Internationally, the BOI also spearheaded the Philippine Business Forum in Seoul, South Korea, in April 2025. This was the first stop in a series of global investment missions under CREATE MORE, aimed at engaging investors and promoting the Philippines as a destination for high-value investments. The government will continue this strategic promotional campaign in targeted country-specific markets.

At the policy level, the BOI is finalizing the 2025 Strategic Investment Priority Plan (SIPP), following public consultations across Luzon, Visayas, and Mindanao. The updated SIPP will guide investment priorities over the coming years, aligning with national development goals such as digital transformation, energy security, industrial deepening, and climate resilience.

To improve the ease of doing business, the government implemented Executive Order No. 18 in 2023, establishing “Green Lanes” for strategic investments. These lanes are designed to streamline and expedite permit and license applications, ensuring faster implementation of priority projects. As of 27 May 2025, the BOI has granted Green Lane certification to 208 projects, 78% of which are in renewable energy, totaling PHP 5.2 trillion in investment value since implementation.

The DTI, through the BOI, remains committed to accelerating inclusive, innovation-led growth through sound policy, transparent governance, and a globally competitive business environment. -END-

BOI: PH Backs Green Investment in ASEAN during UNESCAP’s 81st Session

BANGKOK, THAILAND— Board of Investments (BOI) Governor Marjorie O. Ramos-Samaniego (second photo; second from right) represented the Philippines at the UK Green Transition Fund Economic and Social Commission for Asia and the Pacific – Association of Southeast Asian Nations (ESCAP-ASEAN) Green Investment Catalyst launch on April 21, 2025.

The ASEAN Green Investment Catalyst (AGIC) is an initiative funded by the ASEAN-UK Green Transition Fund to accelerate green investments in the ASEAN region. The launch was held on the sidelines of the 81st Session of the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP).

Governor Ramos-Samaniego underscored the Philippines’ commitment to becoming a regional hub for smart and sustainable industries, highlighting the country’s readiness to host green investment-ready projects. These initiatives are supported by Executive Order No. 18 or the Green Lanes for Strategic Investments — a landmark reform that streamlines and automates processes to enhance ease of doing business for strategic green investments in the Philippines.

Philippine Ambassador Millicent Cruz Paredes, Permanent Representative to UNESCAP (second photo; third from right), announced the Philippines’ plans to host the ASEAN Investment Forum next year.

“As incoming ASEAN Chair in 2026, the Philippines will work closely with Malaysia, fellow ASEAN Member States, and partners like the UK to channel investments into projects that protect both people and planet, build green cities, and fuel long-term prosperity,” she said in her closing remarks.

This marks a strong step forward in regional cooperation toward a sustainable, investment-ready future. -END-

Philippine Business Forum in Seoul to Showcase Investment Opportunities Emerging Sectors

SEOUL, SOUTH KOREA—The Philippine Government, through its Philippine Board of Investments (BOI), is set to host the Philippine Business Forum on April 7, 2025, bringing together top government officials, industry leaders and stakeholders from the Philippines and Korea to explore lucrative investment opportunities in emerging sectors. Hosted at the Grand Hall of the Korea Chamber of Commerce and Industry (KCCI) in Seoul, the forum will provide vital insights into the Philippines’ evolving business landscape, highlighting key sectors such as electronics and semiconductor, clean energy, EV and critical mineral processing, high-tech agriculture, and logistics.

The event, co-organized by Philippine Trade and Investment Center in Seoul, the Philippine Embassy in Korea, and the Office of the Special Assistant to the President for Investment and Economic Affairs (OSAPIEA), in partnership with the and the Korea Times, will feature discussions on strategic policy directions, high-level business meetings, and opportunities for investment in priority sectors.

A major highlight of the forum will be the focus on the CREATE MORE Act, which enhances investment incentives, fosters innovation-driven growth, and strengthens the Philippines’ position as a competitive hub for foreign and domestic businesses. The legislation is expected to make the Philippines even more attractive for investment, particularly in technology, clean energy, and critical infrastructure.

The Forum will be graced by Special Assistant to the President of the Philippines for Investment and Economic Affairs Secretary Frederick D. Go, Minister of Trade, Industry, and Energy of South Korea Ahn Duk-geun, and Ambassador of the Philippines to Korea H.E. Maria Theresa B. Dizon-De Vega.

Secretary Go will provide an overview of the Philippine Business Climate and Strategic Policy Directions, focusing on the implementation of CREATE MORE and its impact on investment opportunities. Meanwhile, Philippine Trade Undersecretary and BOI Managing Head Ceferino S. Rodolfo will present the Philippine Positioning Strategy and Investment Opportunities in crucial complementing sectors with South Korea.

The presentations will be followed by a panel discussion offering deeper insights into sectoral developments and investments opportunities, with representatives from both the Philippine government and private sector. Panelists include BOI Executive Director Ma. Corazon Halili-Dichosa of BOI, Department of Energy (DOE) Director Patrick T. Aquino, Semiconductor and Electronics Industries in the Philippines Foundation, Inc. (SEIPI) President Dan Lachica, Electric Vehicle Association of the Philippines (EVAP) President Edmund Araga, and Widus International Leisure, Inc. President Han Dae Sik.

This event is part of the broader CREATE MORE Roadshow, an international investment promotion initiative led by the Philippine government. The roadshow officially launched with a kickoff event in Manila on March 27, 2025, and this forum in South Korea marks the first international stop in a series of CREATE MORE promotional events aimed at showcasing the Philippines’ enhanced investment incentives and business opportunities to key global players.

The Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) builds on the CREATE Act, further enhancing the country’s investment climate by introducing targeted incentives, streamlined processes, and expanded support for high-impact industries. It strengthens tax benefits for foreign and domestic investors, fosters innovation and research-driven enterprises, and promotes greater ease of doing business. These measures position the Philippines as an even more competitive and attractive destination for global investors, particularly in sectors like electronics and semiconductors, clean energy, EV and critical mineral processing, high-tech agriculture, pharmaceuticals, infrastructure and logistics.

The Philippines continues to strengthen its economic ties with South Korea following the signing of the Philippines-Korea Free Trade Agreement (PH-KR FTA) in October 2023. With its implementation in full swing, both nations are advancing impactful initiatives to unlock greater avenues for trade, investments and sustainable growth. In 2024, Korea became the second-largest source of foreign investment approvals in the Philippines, contributing Php100.34 billion ($1.75 billion) according to the Philippine Statistics Authority.

Further strengthening bilateral cooperation, the Philippines and Korea likewise forged a strategic partnership in October 2024 to enhance cooperation in security, economy, energy and other areas. This marks a significant milestone in the two countries’ 75-year diplomatic relationship, underscoring their shared commitment to long-term economic and geopolitical cooperation. -END-

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BOI kicks off CREATE MORE roadshows to boost strategic investments in the PH

MAKATI CITY—The Board of Investments (BOI) officially launched the first leg of its CREATE MORE Roadshows at the Dusit Thani Hotel in Makati City on 27 March 2025. The roadshow series highlights the strategic investments and boundless opportunities available to investors in the Philippines under the CREATE MORE Act.

In his keynote message, Special Assistant to the President for Investment and Economic Affairs Secretary Frederick D. Go reiterated the government’s focus on driving reforms and initiatives that elevate the country’s global competitiveness. He encouraged investors to be part of the Philippines’ growth story, highlighting that “Now is the time to invest in Southeast Asia’s economic superstar. This is the time to CREATE MORE—more investments, more jobs, and more opportunities.”

SAPIEA Go showcased the strength of the Philippine economy and the significant strides the government has achieved in creating a conducive business environment. He also underscored the importance of collaboration between the government and private sector in ushering in investment-led growth that will fuel the country’s economic progress.

Republic Act No. 12066, also known as the CREATE MORE, was signed into law in 2024 to bolster the country’s investment climate by offering longer tax incentives, clearer VAT zero rating treatment, additional enhanced deduction, flexible work arrangements, and alignment of imposition of local tax. The law aims to create a more business-friendly environment that fosters job creation and drives sustainable economic growth, positioning the Philippines as a top investment destination in Asia.

Following the enactment of CREATE MORE, its interim implementing rules and regulations (IRR) were approved in the same year, enabling the immediate implementation of provisions on registration, the transfer of old registrations to the enhanced regime under CREATE and CREATE MORE, and VAT incentives pending full implementation. The full IRR took effect on 20 February 2025, which paved the way for the launch of the roadshow series to ensure a smooth transition for businesses and support the granting of expanded and improved incentives.

During the roadshow, a diverse group of representatives from Investment Promotion Agencies (IPAs), the Joint Foreign Chambers of the Philippines (JFC), the Philippine Chamber of Commerce and Industry (PCCI), and foreign embassies gathered to discuss strategies to attract investments and unlock the full potential of the Philippine economy.

BOI Investment Policy and Planning Service Director Sandra Recolizado elaborated on the projects and activities eligible for incentives under the Strategic Investment Priority Plan (SIPP). Earlier this year, the BOI conducted public consultations on the draft 2025 SIPP in Luzon, Visayas, and Mindanao, with the draft 2025-2027 SIPP currently underway. This was followed by a presentation from BOI Governor Marjorie Ramos-Samaniego, who highlighted the enhancements in CREATE MORE that will further stimulate business growth and investment in the country.

The event proceeded with a panel discussion and Q&A session featuring experts from both public and private sectors, who expounded on how CREATE MORE can unlock investment opportunities and accelerate the country’s economic development. The positive feedback from the private sector was evident throughout the discussion, with participants commending the legislation for its potential to drive growth and innovation. Panelists included: BOI Governor Marjorie Ramos-Samaniego, PCCI Chair Ferdinand “Perry” Ferrer, PCCI President Eunina Mangio, American Chamber of Commerce of the Philippines Director Rick Santos, European Chamber of Commerce of the Philippines Representative Rune Damgaard, and was moderated by Canadian Chamber of Commerce of the Philippines President Christopher Ilagan.

The roadshow was organized by BOI, together with the Office of the Special Assistant to the President for Investment and Economic Affairs (OSAPIEA) and the Department of Trade and Industry (DTI), and in partnership with the American Chamber of Commerce (AMCHAM), Canadian Chamber of Commerce (CANCHAM), European Chamber of Commerce of the Philippines (ECCP), Japanese Chamber of Commerce and Industry (JCCI), Korean Chamber of Commerce of the Philippines (KCCP), Philippine Association of Multinational Companies’ Regional Headquarters, Inc. (PAMURI), and the Philippine Chamber of Commerce and Industry (PCCI).

Echoing Secretary Go’s message, Trade Undersecretary and BOI Managing Head Ceferino Rodolfo emphasized two critical points: “First, the primary importance we are giving to investors who already here, both for your expansion and new projects. We enjoin you to more closely collaborate with us as ambassadors and advocates of investment promotion in the Philippines.” He added, “Second, we equally value both foreign and domestic investors, attaching significance to Foreign Direct Investments (FDIs) and domestic Philippine-based investments.”

DTI Secretary Cristina Roque emphasized, “The CREATE MORE represents an unprecedented opportunity for the Philippines to strengthen its position in the global market. As we continue to push for innovation and development in our priority sectors, the government is committed to ensuring that every investor, whether foreign or local, receives the support and resources needed to thrive in the Philippine business ecosystem.”

With upcoming roadshows in Cebu and Davao, the BOI is set to engage even more investors across the country and further encourage participation in the growing Philippine economy. The international kick off of CREATE MORE will happen in South Korea this April and the agency expects more investments promotion missions to market the Philippines for the rest of the year.

The BOI remains committed to facilitating meaningful dialogue on investment opportunities in the Philippines, providing local and international investors with the support needed to make sound business decisions. Stay tuned for more updates on the future of business and investment in the Philippines as the CREATE MORE Roadshows continue. -END-

BOI, Japan’s Ministry of Internal Affairs and Communications explore collaboration to meet PH’s growing data center demand

MAKATI CITY— As part of an ongoing study on the Philippine data center industry, Japan’s Ministry of Internal Affairs and Communications (MIC) met with the Board of Investments (BOI) and the Data Center Association of the Philippines (DCAP) for a comprehensive industry briefing at the BOI Main Office on March 13, 2025.

The discussion explored the growing demand for data centers in the country and potential areas for collaboration, particularly in energy efficiency, renewable energy integration, and disaster-resilient infrastructure—fields where Japanese companies can bring valuable expertise. DCAP told the MIC that policies such as the Green Lane initiative and the CREATE MORE Act help in positioning the Philippines as a competitive player in the Southeast Asian data center industry.

“This meeting highlighted the growing demand for data centers in the Philippines. The discussions with Japan’s MIC highlighted the country’s robust investment climate, positioning it as an attractive destination and strategic hub for data centers. The BOI provided a comprehensive overview of the Philippine data center industry, showcasing its potential for growth and future collaboration,” said BOI Industry Development Services Executive Director Ma. Corazon Halili-Dichosa.

Photo shows (L-R): DCAP Board Member Patrick Signo; DCAP Chairman Steven Davis; BOI Industry Development Services Executive Director Ma. Corazon Halili-Dichosa; NRI Manila Manager Hiromu Matsuoka; MIC Attaché Koji Isawa; BOI Infrastructure Division Acting Chief Morinaella Jeusine Torgo; DCAP Board Director Victor Aliwalas; NRI Manila Business Analyst Miguel Campos; NRI Senior Business Analyst Irene Dela Cruz; and NRI Manila Senior Consultant Jonas Dumdum. -END-

BOI Deepens Trade Ties and Explores Innovation Collaborations with Canada at PDAC 2025

In photo: Minister Mary Ng of Export Promotion, International Trade, and Economic Development of Canada (third from left) together with the BOI and PTIC Toronto team at the Canada Pavilion at PDAC 2025 

TORONTO, CANADA — As part of the Philippine government’s continued effort to advance the country’s critical minerals sector, the Board of Investments (BOI) engaged with high-level Canadian officials and industry leaders at the sidelines of the Prospectors & Developers Association of Canada (PDAC) 2025. The discussions, which focused on strengthening trade relations and exploring innovation partnerships, mark a pivotal step toward expanding bilateral cooperation between the two nations.

In the meeting with Minister Mary Ng of the Export Promotion, International Trade, and Economic Development of Canada on 3 March 2025, the BOI delegation, led by BOI Industry Development Services Executive Director Ma. Corazon Halili-Dichosa and International Investments Promotions Service Director Lanie Dormiendo, discussed opportunities to bolster bilateral relations and support strategic initiatives of mutual interest to both countries. 

Minister Ng emphasized the benefits of strengthening trade relations between Canada and the Philippines, particularly as the country advances its trade diversification strategy—targeting a 50% increase in exports to diversified markets. These partnerships also open doors for greater investment and collaboration in Canada’s innovative and sustainability-driven sectors, such as critical minerals production and processing. This mutual understanding is especially reassuring as both countries have agreed to negotiate a bilateral free trade agreement (FTA).

In photo: The BOI delegation with Sudbury Mayor Paul Lefebvre and the Sudbury Economic Development Office 

The BOI delegation also engaged with the Mayor of Sudbury and its Economic Development Office to discuss the city’s mining and mineral processing ecosystem that is reputed to be among the top in the world. The discussions highlighted the potential for the Philippines to replicate the Sudbury model as it develops its own critical minerals sector in key mining areas.

Further on creating strategic partnerships, the BOI delegation met with representatives of the Ontario Centre of Innovation (OCI) in charge of the Ontario Vehicle Innovation Network (OVIN) initiative. The conversation opened avenues for industrial collaboration, including opportunities for MSME development in the automotive, mobility, and mining sectors as well as workforce development.

The Philippine delegation continues to engage with relevant business stakeholders in Canada. A roundtable discussion with Canadian companies entitled, “The Future of Mining and Mineral Processing in the Philippines” was held on 5 March 2025 and was attended by about 40 participants, representing government and private representatives in mining and mineral processing industry. The delegation also visited a Canadian R&D facility specializing in developing new technologies for metal refining, which indicated strong interest to explore establishing operations in the Philippines, further intensifying the country’s drive as a forward-thinking player in the critical minerals sector. -END-

For the latest news on investments in the Philippines, visit https://philippines.business/latest-news

BOI Strengthens Global Presence at PDAC 2025 to Boost Critical Minerals Investments

Panel Discussions, High-Level Meetings, and Investment Discussions 


In photo: (L-R) Acting Chief Engr. Graciela Juatco of the BOI, Director Carlo Antonio Co of PNIA, President Cris Acosta of Filminera Resources Corp., Executive Director Ma. Corazon Halili-Dichosa of the BOI, Director Atty. Ross Joseph Romanillos of PNIA, President Atty. Dante R. Bravo of PNIA, Director Lanie O. Dormiendo of the BOI, and Trade Commissioner Mario Tani of PTIC Toronto

TORONTO, CANADA—For the second consecutive year, the Philippines, through the Board of Investments (BOI), has made a strong presence at the Prospectors & Developers Association of Canada (PDAC) 2025, as it underscores the government’s commitment to advancing the country’s critical minerals sector through strategic collaboration and networking.

The Philippine Delegation included key representatives from the BOI, led by Industry Development Services Executive Director Ma. Corazon Halili-Dichosa and International Investments Promotions Service Director Lanie Dormiendo, alongside the Philippine Nickel Industry Association (PNIA), headed by President Atty. Dante Bravo. The country’s participation is supported by the Philippine Consulate General in Toronto, with Consul General Angelica Escalona, Economic Consul Katrina Isabelle Borja-Martin, and Trade Commissioner Mario Tani of the Philippine Trade Investment Center (PTIC) in Toronto. 

The delegation showcased the country’s potential as a premier destination for investments in critical metals, which aligns with the government’s broader goal of developing the mining and mineral processing industry, advancing technological innovation, and supporting the global transition to a low-carbon economy. 

In photo: BOI Executive Director Halili-Dichosa during her presentation at the “Accessing New Markets” session at PDAC 2025 

One of the key engagements of the BOI at PDAC 2025 was at the “Accessing New Markets” session with Executive Director Halili-Dichosa as one of panelists. This event was organized under the Mine Connect program at the Northern Ontario Mining Showcase on 4 March 2025, held at the Metro Toronto Convention Centre. The session explored emerging opportunities in international mining markets and strategies for industry expansion. 

The BOI executive provided insights into the Philippines’ current industry landscape, government policies, and investment opportunities. She shared the stage with Canada’s Trade Commissioners and private sector representatives from Mongolia, Pakistan, Kazakhstan, and Africa—key mining powerhouses that Canadian companies are encouraged to consider for investment. 

During the three-day PDAC event, the Philippine delegation actively participated in a series of meetings, panel discussions, and networking sessions with government and industry leaders from across the globe. The activities offered valuable insights into emerging industry trends, investment strategies of global industry players, the future of mining, and potential collaboration between the agencies and industry of Canada and the Philippines. Engagements included meetings with key companies from Australia, Canada, and the UK that are involved in critical minerals, battery materials, and mining innovation. -END-

For the latest news on investments in the Philippines, visit https://philippines.business/latest-news