Latest News

24 February 2025 In Latest News By Betina Grace T. Fernandez

BOI Grants Green Lane Certificates to Billion-Peso Solar Power Projects in PH

MAKATI CITY – The Board of Investments (BOI) has awarded Green Lane Certificates of Endorsement to Upgrade Energy Philippines, Inc. (UGEP) for its two solar power projects, reinforcing the government’s commitment to expediting strategic investments in the renewable energy sector.

As the global shift towards clean energy accelerates, the Philippines is bolstering its efforts to facilitate renewable energy projects through Executive Order (EO) No. 18. In line with this vision, the BOI awarded green lane certificates to the the 56.771 MW Cabangan Solar Project in Zambales and the 47.001 MW Pontevedra Solar Power Project in Capiz, with estimated project costs of Php2.11 billion and Php1.51 billion, respectively.

Making It Happen with UGEP. Trade Undersecretary and BOI Managing Head Ceferino Rodolfo (fourth from left) hands over the Green Lane Certificate to UGEP President and CEO, Ruth Yu-Owen (fifth from left) at the awarding ceremony at the BOI Main Office on February 3, 2025.

Other officials and staff in the photo are (L-R): BOI’s One Stop Action Center for Strategic Investments (OSAC-SI), Jonnel Podawan; BOI OSAC-SI Division Chief, Lubin De Vera Jr.; BOI OSAC-SI Director, Ernesto C. Delos Reyes Jr.; UGEP Chief Development Officer, Hanzel Cubangbang; and UGEP Project Development Manager, Thomas Owen.

Trade Undersecretary and BOI Managing Head Ceferino Rodolfo expressed optimism about the further expansion into onshore wind energy and the integration of solar power with battery storage as technology advances and costs decrease.

Undersecretary Rodolfo also emphasized the need for responsible project implementation, particularly in minimizing environmental impacts related to tree cutting and land use.

Trade Undersecretary and BOI Managing Head Ceferino Rodolfo (top photo) and UGEP President and CEO Ruth Yu-Owen (bottom photo) during a brief discussion before the awarding of the green lane certificate.

The UGEP solar power projects are expected to generate up to 331 temporary and permanent direct job employment opportunities during the Projects’ construction and commissioning, followed by long-term roles in operations and maintenance over the 25-year project life.

The projects will also support infrastructure development and community growth with the additional tax revenue and investment in local businesses.

“With the Board of Investment’s green lane facilitation, our projects will benefit from streamlined processing of permits and licenses, ensuring swift and efficient collaboration with national and local agencies. This endorsement not only validates our vision but also energizes our resolve to deliver a transformative renewable energy initiative that will power thousands of homes, reduce carbon emissions, and set a bold precedent for future green investments,” said UGEP President and CEO Ruth Yu-Owen.

UGEP is a leading project development, engineering, procurement, and construction (EPC) company specializing in renewable energy solutions. These projects are part of the 184 strategic investments endorsed by OSAC-SI for green lane services with a total project cost of Php4.614 trillion.

Specifically, 149 of these projects, worth Php4.211 trillion, are under the Renewable Energy Sector.

BOI-OSACSI will speed up the processing of permits and licenses of the endorsed projects, ensuring the fast realization of renewable energy investments in the country. -END-

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

19 February 2025 In Latest News By Betina Grace T. Fernandez

BOI Joins Hino Motors Philippines’ 50th Anniversary Program in Support of PH’s Auto Industry

CANLUBANG, LAGUNA – As a steadfast supporter of innovation in the country’s automobile industry, the Board of Investments (BOI) joined the celebration of the 50th anniversary of Hino Motors Philippines Inc. (HMPI) on January 21, 2025.

Making It Happen with Hino Motors. The photos show the interior and exterior of the Hino’s New Locally Developed and Manufactured FG Bus Concept, which was showcased during the anniversary celebration in Canlubang Laguna on January 21, 2025.

Officials in the photo are the following (first photo; L-R) Mr. Vicente T. Mills Jr., Chairman of Hino Motors Philippines; Ma. Corazon Halili-Dichosa, Executive Director of the Board of Investments; Mr. Satoshi Ogiso, President & CEO of Hino Motors Ltd.; Mr. Shingo Sakai, President of Hino Motors Philippines; Mr. Kazuhiro Tada, Executive Vice President of Hino Motors Philippines; Mr. Kenichi Wakabayashi, General Manager of Marubeni Corp.; Mr. Shigeru Shimoda, President & CEO of Marubeni Corp.; and Mr. Hiroki Senoo, Vice President of HMP Business Planning. (Photo by HMPI).

BOI Industry Development Services (IDS) Executive Director Ma. Corazon Halili-Dichosa attended the anniversary kick-off celebrations in HMPI’s headquarters in Canlubang, Laguna.

The company’s milestone highlighted five decades of innovation, quality, and commitment— core values that define Hino Motors’ total support of the Philippine commercial vehicle industry.

Roll Out of HMPIs 80,000th Locally Manufactured Unit.

The tour provided guests and industry partners with an inside look at the world class local manufacturing facilities and operations of HMPI, where quality trucks, buses, and bodies are developed and delivered.

Hino Motor Philippines is a participant of the BOI’s Motor Vehicle Development Program. Notably, the company showcased its new FG Bus Concept, and the rollout of HMPI’s 80,000th production unit, the Hino 300 Series 916 – Aluminum Van.

The unveiling of the new locally developed and built FG Bus Concept continues HMPI’s proud bus building legacy, renewing their commitment to providing comfortable and reliable mass transport solutions, while ensuring quality passenger experience, top safety and convenience. This milestone underscores HMPI’s technical and manufacturing capabilities, and showcasing their ability to provide one-stop-shop solutions to their customers.

“As we celebrate Hino Motors Philippines’ 50th anniversary, we reflect on our long-standing commitment to delivering reliable, high-quality, and innovative transport solutions that drive the nation forward. In line with this mission, we are proud to showcase the new Hino FG Bus Concept. Designed with comfort, safety, and affordability in mind, the new Hino FG Bus Concept reinforces our dedication to addressing the evolving needs of the Philippine transport sector,” said Chairman Vicente T. Mills, Jr.

“As we look ahead, Hino Motors Philippines remains steadfast in our goal of providing solutions that enhance the commuting experience while upholding the quality and durability that Hino is known form,” Chairman Mills, Jr. added.

HMPI is a BOI-registered local Truck and Bus manufacturing company, and is a participant in the Motor Vehicle Development Program. HMPI is primarily engaged in the exclusive assembly and distribution of Hino trucks and buses, the distribution of genuine Hino spare parts, and the manufacturing and distribution of other automotive related products and services in the Philippines.

Originally incorporated in March 1975 as a joint venture between Filipino investors, Hino Motors Ltd. and Marubeni Corp. of Japan (PHI) to engage in the assembly and distribution of Hino Trucks and Buses, under the name Pilipinas Hino Inc. before it changed its name to HMPI in 2015.
HMPI was behind the iconic 1970’s “Love Buses” where it delivered 200 units to Metro Manila’s urban commuters.

Moreover, the 50-year operation of Hino Motors in the Philippines shows the relentless effort of the government to support the country’s vehicle assembly operations sector. This is in line with the government’s aim to position the Philippines as Southeast Asia’s premier hub for smart and sustainable manufacturing and services. -END-

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

3 February 2025 In Latest News By Betina Grace T. Fernandez

BOI endorses Green Lane Certificate for P12.4-B Solar Power Project in Pampanga

Making It Happen with SBSSEC. Investments Assistance Center (IAC) Executive Director Atty. Bobby Fondevilla (third from left) hands over the green lane certificate to Ms. Mayleen Ting, President and CEO of Sapang Balen Solar Sustainable Energy Corp (SBSSEC) (fourth from left) during an awarding ceremony at the BOI Main Office on Jan. 22, 2025.

Other officials in the photo are the following (L-R): BOI’s One Stop Action Center for Strategic Investments (OSAC-SI) staff, Ms. Bea Castro; BOI OSAC-SI Director Ernesto C. Delos Reyes Jr, Ms. Pay Wong of SBSSEC, Mr. Lubin de Vera, Division Chief of the BOI IAS; Ms. Justin Sabater of SBSSEC; and Atty. Barbie Gregorio of SBSSEC.

MAKATI CITY – Boosting the renewable energy sector in the Philippines, the Board of Investments (BOI), through its One-Stop Action Center for Strategic Investments (OSACSI), granted a green lane certificate for one of TIGON Power Corporation’s solar power projects that will soon rise in the City of Mabalacat and the Municipality of Magalang in Pampanga.

BOI Executive Director of the Investments Assistance Center, Atty. Bobby G. Fondevilla awarded the Green Lane Certificate of Endorsement to Sapang Balen Solar Sustainable Energy Corporation (SBSSEC) officials led by Ms. Mayleen Ting, President and CEO, during a brief awarding ceremony at the BOI Main Office on January 22, 2025.

The project is a ground-mounted solar power plant over an aggregate area of 405.52 hectares with a target installed capacity of 301.580 MWDC/246.604 MWAC.

The project is also expected to generate up to 5000 direct and indirect employment opportunities during its stages of construction, commissioning, operations, and maintenance.

SBSSEC is a Special Purpose Vehicle (SPV), duly registered under the Securities and Exchange Commission (SEC), specifically created to develop the solar power project. It is a development company of TIGON Power Corporation formed in 2021, to hold various renewable energy projects. Currently, Tigon Power has a total project capacity of almost 1GWp, highlighting its commitment to sustainable power generation in the country.

OSAC-SI will continuously monitor the actions taken by agencies on applications for permits and licenses and shall submit a report accordingly.

The Green Lanes, established through Executive Order No. 18 in February 2023, aims to speed up and simplify the permit and licensing processes for strategic investments, driving economic growth and innovation in the Philippines.

As of January 17, 2025, the BOI OSACSI has endorsed 179 Strategic Investments, amounting to Php4.55 trillion. These projects were mostly activities relating to renewable energy, food security, digital infrastructure, and manufacturing industries. –END-

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

20 September 2022 In Latest News By Betina Grace T. Fernandez

PEZA, BOC strengthen collaborations for facilitation of ease of doing business

Pasay City – The Philippine Economic Zone Authority (PEZA) has reached out to the new Bureau of Customs (BOC) Commissioner to strengthen its ties with this prominent partner since the time of the Export Processing Zone Authority (EPZA), PEZA’s predecessor, in earnest efforts to enhance trade facilitation and logistics efficiency in the economic zones.

“PEZA is one with the BOC and other participants in the local supply and global value chains in enhancing the ecozone business ecosystem and our overall competitiveness to make the Philippines a viable investment destination in the region,” said OIC and Deputy Director General for Policy and Planning Tereso Panga.

The PEZA team recently met with Acting BOC Commissioner Yogi Ruiz, and to Customs Collectors assigned in the PEZA zones—namely Collector Alex Go for Cavite and NCR, and Collector Marife Recinto for Laguna—in order to build on the agencies’ partnership in terms of increasing logistics efficiency and supply chain management, and other measures for continual improvement.

PEZA Team headed by OIC Panga with the BOC Team led by Acting Commissioner Ruiz following

a successful meeting at the BOC Office last Friday, September 16

Panga shared that PEZA and the BOC have discussed various pressing concerns among registered enterprises such as:

Use of single General Transport Surety Bonds (GTSB) for ecozone importations and interzone transfer of goods between PEZA-registered enterprises;
Adoption of selective and risk-based approach for shipments to be covered by electronic tracking using e-seal under the Electronic Tracking of Containerized Cargo (e-TRACC);
Integration of PEZA Electronic Import Permit System (EIPS) and Automated Export Documentation System (AEDS) to the BOC Electronic-to-Mobile (E2M) system for increased security and transparency in the processing and monitoring of import and export permits/documents; and
Basis of computation of tax and duties on the disposal of enterprises’ assets pursuant to the CREATE Act (net book value as reference).

Over the years, PEZA had introduced the electronic import permit and automated export documentation system for ecozone locators. Soon thereafter, BOC pursued the “National Single Window”—a computerized internet-based system that allows parties involved in trade to lodge information and documents with a single-entry point to fulfill all import, export, and transit-related regulatory requirements.

“It is important to strengthen partnership between PEZA and BOC given their respective roles in investment and trade facilitation that are being improved towards digital transformation,” noted the PEZA OIC.

According to Panga, “In response to President Bongbong Marcos Jr.’s call for digital transformation among government offices and in line with the priority program of Trade Secretary Pascual under the Technology, Media, and Telecommunications (TMT) cluster of the Department of Trade and Industry’s (DTI) strategic plan, PEZA has rolled out its online payment system and initiated other office automation projects to enhance customer experience and the agency’s delivery of services.”

“All these will contribute to higher productivity, reliability, availability, increased performance, and reduced operating costs to the benefit of our valued ecozone investors and other stakeholders,” the PEZA interim chief noted. #

1 September 2022 In Latest News By Betina Grace T. Fernandez

PEZA strengthens collaborations with BARMM

Pasay City – The Philippine Economic Zone Authority (PEZA) seeks to forge stronger partnership with the Bangsamoro Autonomous Region of Muslim Mindanao (BARMM) as both parties aim to utilize the ecozones program as a driver for economic growth and development for the autonomous region and the country.

“With BARMM’s increasing performance and growing economy among the regions, BARMM can take advantage of the ecozone program and attract the much-needed jobs, exports, local and national revenues, and other economic opportunities for the region. It is high time that the Bangsamoro people feel the economic benefits of its autonomy,” stated Promotions and Public Relations Group Manager Aleem Siddiqui Guiapal, who was representing PEZA Officer-in-Charge Tereso Panga in the briefing.

Establishment of BEZA

As the principal agency authorized to administer, manage, and develop economic zones nationwide, PEZA has organized a three-day benchmarking activity in its ecozones for delegates from BARMM. This is to guide the officials and staff from the autonomous region in their goal of establishing their own ecozones registrable under the Bangsamoro Economic Zone Authority (BEZA).

BARMM delegation, with speakers from PEZA and the Department of Finance representing the Fiscal Incentives Review Board,

during the August 30 briefing at the PEZA Head Office

“Ultimately, we recognize the autonomy of BARMM for the governance of its own BEZA, but we hope that this briefing and your visit in our ecozones will be insightful in your plans to craft policies and processes in the autonomous region and we hope we will be able to help them boost success of ecozones in BARMM,” noted Guiapal.

Article XIII Section 28 of the Bangsamoro Organic Law (RA 11054) provides that the Regional Government shall encourage, promote, undertake, and support the establishment of economic zones, industrial centers and ports in strategic areas and growth centers of the Region to attract local and foreign investments and business enterprises.

He added, “We hope that its own BEZA will be able to mark its own milestones towards contributing to or achieving the economic benefits of the region’s political and economic autonomy.”

Strategic importance of ecozones

The briefing and visit of BARMM to PEZA aims to strengthen their own ecozones in the autonomous region. Moreover, BARMM like PEZA aim to align to the call of the President to utilize ecozones and the newly passed or amended laws that facilitate growth especially in the countryside and make the Philippines an investment destination for foreign direct investments.

In the first State of the Nation Address (SONA) of President Bongbong Marcos Jr. last July 25, he highlighted the strategic importance of ecozones and the need to promote productivity-enhancing investments as we provide for the best ecosystem for efficiency-seeking locator investors.

“Guided by these, BARMM may look into attracting investments focused on Halal and Food processing among others or on high-tech industries and emerging technologies in the fields of industrial manufacturing transport, technology media and telecommunications, health and life sciences including mineral processing of green metals,” explained Guiapal.

For their part, Trade, Investments and Tourism Deputy Minister and OIC BEZA Executive Director Atty. Sukarno Abas expressed gratitude for the help of PEZA and hopes to submit the outcome of their visit to the Bangsamoro Transition Authority (BTA) for approval so they can already take advantage of the ecozones program in the region.

At the moment, the Polloc Freeport and Economic Zone (PFEZ) is the only existing zone in the BARMM region. With the establishment of the BEZA, they hope to increase the presence of ecozones in the area to facilitate growth and development. #

16 June 2022 In Latest News By Betina Grace T. Fernandez

Summit marks CL as preferred tourism, investment hub

CLARK FREEPORT— Central Luzon was positioned as a preferred tourism and investment destination within the Philippines in the inaugural edition of the Central Luzon Tourism Investment Summit and Business Exchange (CLTISBEX) at Hilton Clark Sun Valley Resort, here on May 4-5.

The two-day summit, spearheaded by the Department of Tourism (DOT) III, together with the Tourism Promotions Board Philippines and Subic-Clark Alliance for Development (SCAD), linked a roster of pre-selected local government units, freeport zones, and investment promotion agencies with 43 potential local and foreign investors to pitch their respective investment portfolios and unique offerings, packaging Central Luzon as an emerging centerpiece in national development through tourism and investment.

DOT Secretary Bernadette Romullo-Puyat said during her message that Central Luzon is now among the most favored investment and tourism destinations across the Asia Pacific region due to it being the home to premier economic zones, world-class gateways, and other expanding infrastructure facilities.

“This is just the tip of the iceberg, because, in this area, there is still so much potential for a number of industries not just for tourism. We expect massive and sustained growth in terms of hospitality, manufacturing, logistics, information and communication technology, and aviation-related industries,” she added.

SCAD Chairman Atty. Edgardo Pamintuan likewise highlighted vital infrastructures instrumental to the region’s strategic business landscape and stellar growth performance that investors should consider.

“The seamless infrastructure in the whole region mainly connected by the Subic-Clark-Tarlac Expressway, the premier economic zones, the Clark International Airport, and the Port of Subic soon to be connected by the Subic-Clark Railway is seen as a strong and symbiotic relationship of public and private stakeholders.”

Delegates were able to build sales leads and calendar further exploratory meetings and field visits to actual investment areas during the hybrid business-to-business networking session. Among them were the Bases Conversion and Development Authority, Subic Bay Metropolitan Authority, Clark Development Corporation, Authority of the Freeport Area of Bataan, Tourism Infrastructure and Enterprise Zone Authority, Mt. Samat Flagship Tourism Enterprise Zone, Luzon International Premier Airport Development Corporation, Provinces of Nueva Ecija and Tarlac, and Cities of Palayan, San Jose Del Monte, and Capas.

The CLTISBEX was organized to allow existing and potential stakeholders to tap sustainable tourism and investment opportunities while promoting Central Luzon as a preferred destination for tourism-industry businesses.END

16 June 2022 In Latest News By Betina Grace T. Fernandez

SCAD-led RCEP webinar reaffirms strong call for PH participation

As the Regional Comprehensive Economic Partnership (RCEP) Agreement is pending Senate concurrence, the Subic-Clark Alliance for Development (SCAD), in collaboration with the Department of Trade and Industry (DTI), has highlighted anew its strong call for the agreement’s immediate approval to usher in bigger economic benefits and allow multiple sectors of our economy, including small businesses, to compete “freely and fairly” in the global value chain.

During the webinar hosted by SCAD last 16 March 2022, DTI – Industry Development and Trade Policy Group Assistant Secretary Allan Gepty emphasized the advantages of joining RCEP and pushed for the prioritization of the landmark agreement once the Senate resumes session on May 23.

“RCEP is the first free trade agreement that brings together the economies of Japan, China, and Korea—the big emerging countries right now, and incidentally, the RCEP [participating countries] are also their main Global Value Chain Hub. By its sheer size alone and the extent of economic activities happening here in the [RCEP] region, the Philippines cannot afford not to be part of this very important agreement,” he said.

The RCEP countries accounts to 29 percent ($25.8 trillion) of the world’s economic output, 29 percent of world’s trade ($10.1 trillion), 33 percent of global inward Foreign Direct Investment (FDI), 47 percent of global outward FDI, and 29 percent (2.3 billion) of the world’s population. The agreement also represents 52 percent of the Philippines’ exports, 63 percent of the country’s imports, and 58 percent of FDI source in 2020.

Asec. Gepty underscored the key benefits of RCEP for the Philippines, namely: (1) cheaper costs with 98.1 percent tariff liberalization; (2) convenience for businesses in trading such as with simplified and unified procedures; (3) competitiveness for Philippine industries in market access, e-commerce, intellectual property rights, and completion policies; and (4) complementation of existing government programs such as the international investments promotion campaign of the DTI, “Make it Happen in the Philippines”.

He also noted that RCEP addressed concerns of the local agriculture sector by excluding sensitive agricultural products such as live swine, meat, and rice from tariff liberalization under the agreement. Cement, flat-rolled products of iron or non-alloy steel, among others, are also exempted from zero tariffs upon series of consultations with local industry players.

The RCEP, the world’s largest free trade area involving Australia, China, Japan, South Korea, New Zealand, and 10 members of the Association of Southeast Asian Nations (ASEAN), namely Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam, was signed in November 2020, and has been in force in 11 signatory states since January 1, excluding the Philippines. The agreement is still under Philippine Senate deliberations to secure concurrence. END

16 June 2022 In Latest News By Betina Grace T. Fernandez

LEIPO conducts workshop with PEZA, SCAD in Tarlac

THE Provincial Local Economic and Investment Promotions Office [LEIPO], together with the Philippine Economic Zone Authority [PEZA] and the Subic-Clark Alliance for Development [SCAD] conducted a workshop-forum for the 18 Local Government Units of Tarlac at the Bulwagang Kanlahi of the Diwa ng Tarlac, May 19.

The forum entitled “Developing Economic Zones in Tarlac Province” was participated in by the Investment Promotions Officer, Municipal Planning and Development Coordinator, Municipal Assessor, Municipal Tourism Officer, Business Pertmit and Licensing Officer, Municipal Legal Officer and the Council’s Committee Chairmen on Agrarian Reform, Zoning and Land Use; Trade Industry, Commerce and Economic Affairs; Appropriations and Ways and Means of each municipality and lone city of Tarlac.

In Governor Susan Yap’s message read by Board Member Joy Gilbert Lamorena, she made mention of the “Ambisyon Natin 2040”, a long-term vision of the Duterte administration aimed at empowering every Filipino to achieve individual excellence.

Yap likewise said that the economic zone development is focused on the liberalization and the involvement of the private sector.

Republic Act 7916 also known as the Special Economic Zone Act of 1995 enable the private sector to participate in the development and management of economic zones. It is through this act where PEZA was established as a government agency primarily tasked in promoting investment, providing assistance and facilitate incentives for investors and firms within the Special Economic Zones.

“A few weeks ago, I also attended and welcome our guests from the different international and multi-national companies as part of the World Trade Tourism Council Investment Tour in Clarkfield, Pampanga. It is a great opportunity for provinces like Tarlac and Pampanga to showcase our investment potentials, strengths and capabilities including untapped resources that will promote and provide an additional tourism investment niche,” she said in her message.

“Let us continue to work as one in making a real difference towards progress,” the governor concluded.

For her part, Plaza, in her video message thanked Yap and the organizers of the forum.

“Allow me to thank Gov. Susan Yap and the organizers of this forum for inviting PEZA to discuss the importance of economic zone development to our growth and progress,” Plaza said.

Frances Margaret Canlas, the LEIPO head of the provincial government of Tarlac thanked PEZA Director General BGen. Charito Plaza [Ret.], PEZA Deputy Director General for Policy and Planning, PEZA OIC-Zone Administrator of Baguio City Emmanuel Cortero, PEZA Division Chief for Regulation and Processing Ludwigo Daza and SCAD Executive Director Atty. Carmina Fabros and other SCAD and PEZA participants for their support.END

30 May 2022 In Latest News By Betina Grace T. Fernandez

Statement of Mindanao Development Authority On the Launching of Cotabato – Tawi-Tawi Flight

MinDA welcomes the launch of direct flight between Cotabato City and Tawi-Tawi by Philippine Airlines with twice weekly service starting June 9, 2022.

This milestone direct air link brings further the mainland and island provinces of the Bangsamoro Automous Region in Muslim Mindanao (BARMM) much closer to each other.

We commend the BARMM Government and Philippine Airlines for this connectivity development, which will boost tourism and economic exchanges within and outside of BARMM, the country’s 2nd fastest growing region in 2021.

With this flight, more Mindanawons would able to see and experience the beauty of Tawi-Tawi and makes air travel faster, cheaper and easier within the Bangsamoro Development Corridor.

SECRETARY MARIA BELEN S. Acosta, CESE

Chairperson, Mindanao Development Authority

Screengrab of the announcement of the maiden flight of Philippine Airlines from Cotabato to Tawi-Tawi on June 9, 2022. The newly-opened PAL route will operate twice a week, Monday and Thursday, departing 7:30AM-8:40AM from Cotabato Awang Airport thru the PR 2487, and expected to arrive at Sanga-Sanga Airport (TWT) after an hour and 10 minutes. The flights from Tawi-Tawi to Cotabato will depart at 9:40AM thru PR 2488.

Source: Ministry of Trade, Investments and Tourism – BARMM

17 February 2022 In Latest News By Betina Grace T. Fernandez

BOI to hold public consultation on the proposed list of Investment Priority Plan, invites interested parties, clients

The Board of Investments (BOI) is inviting interested parties and stakeholders to participate in the public consultation on the proposed the Strategic Investment Priority Plan (SIPP) tomorrow (February 18, 2022).

Aiming to gather comments and inputs to improve and refine the draft SIPP, the public consultation will be led by Trade Undersecretary and BOI Managing Head Ceferino Rodolfo and Trade Undersecretary Rafaelita Aldaba. Joining them are BOI Governor Napoleon Concepcion and BOI Director Sandra Marie Recolizado.

Serving as the leader of the country’s investment promotion agencies (IPAs), the BOI is finalizing the SIPP, which is a critical tool in attracting potential investors to the Philippines. To date, a transitional SIPP is in effect based on the BOI’s 2020 Investment Priorities Plan (IPP). Throughout the drafting, a number of industry studies and parameters have been considered.

The SIPP is a provision under Republic Act No. 11534, otherwise known as the Corporate Recovery and Tax Incentives for Enterprises Act (CREATE), which lists the investment projects and economic activities entitled to investment incentives.

Join us in Making it Happen! Click the link to register: https://zoom.us/webinar/register/WN_gksvJFIsRV-vSgr7ZN_4KQ

Once registered, the participant will receive a confirmation email containing information about joining the public consultation, which can also be watched live through the BOI Facebook page. Further, the said online event is limited only to three (3) registrants per company or organization. END