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THE Board of Investments (BOI) said it approved P607.22 billion of investments—bulk of which is in renewable energy—from January to April 2024, up 15 percent from the investment approvals recorded in the same period last year. BOI Director Sandy Recolizado told reporters at a briefing on Friday that investment approvals…
IMPOSING zero tariffs on hybrid vehicles is “not justifiable” right now as doing so would go against government’s goal of having electric vehicles (EVs) ubiquitous in the industry, according to Trade and Industry Secretary Alfredo E. Pascual. This Pascual underscored amid the National Economic and Development Authority (Neda) Board’s ongoing…
Several energy projects earned Green Lane status, making its process railroaded for its realization to boost the country’s renewable energy sector, the Board of
Two wind power projects in Negros Occidental and Iloilo and a solar power project in Pangasinan have been granted green lane certificates by the One-Stop Action Center for Strategic Investments (OSACSI), according to the Board of Investments (BOI). The attached agency of the Department of Trade and Industry said the…
THE Board of Investments (BOI) said it is eyeing around P1.3 trillion to P1.5 trillion worth of investment approvals for 2024, with Renewable Energy (RE), RE equipment manufacturing, and mineral processing investments seen occupying a larger chunk of the investment approvals pie. As the investment promotion agency recorded P1.26 trillion…