Board of Investments - updates

Rappler's latest stories on Board of Investments

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Philippine investments down 71% in January-April 2020 due to coronavirus

May 22, 2020 - 12:45 PM

The Board of Investments says investments reached P84.1 billion in the first 4 months of 2020, much lower than the P286.7 billion in the same period last year

PH trade deficit ‘alarming,’ says BOI official

Dec 27, 2019 - 3:15 PM

BOI executive director Ma. Corazon Dichosa says trade deficit of the country for the past 5 years has averaged 76.54%

BOI-approved pledges only at around 30% of goal in mid-2019

Jul 10, 2019 - 4:05 PM

But the Board of Investments is confident the P1-trillion target for 2019 will be reached, saying there are big-ticket projects being assessed

Photo from Shutterstock

BOI-approved investments jump by 40% in January-May 2019

Jun 11, 2019 - 9:40 PM

Domestic investments take bulk of the overall pledges in the first 5 months of 2019, but foreign investment pledges post the bigger increase

BULLISH OUTLOOK. Having secured $1.24 billion in pledges last month and looking to bag another $5 billion in business deals, Trade Secretary Ramon Lopez said that Japan remains bullish on the Philippines' growth.

BOI-approved investments up by 47% in first 4 months of 2019

May 06, 2019 - 12:48 PM

Bulk of the investments in the first four months of 2019 went to power projects

Duterte orders Board of Investments to streamline steel industry projects

Apr 22, 2019 - 2:00 PM

The Board of Investments will have to ensure that permits for critical steel projects will be issued within 20 days of filing

Construction workers keep their balance while crossing on the steel beam at the 10th floor of the ongoing building construction in Barangay Pagasa Quezon City on Monday, November 5, 2018. The Department of Labor and Employment announce the approval of the P25 wage increase and it will be valid 15 days after the publication of the wage order on a newspaper. Minimum wage in Metro Manila now ranges to P537. Photo by Darren Langit/Rappler

BOI-approved investments in Q1 up by 60%

Apr 01, 2019 - 9:05 AM

After hitting a minor bump during the first two months, Trade Secretary Ramon Lopez says the Board of Investments is on track to hit the P1 trillion target for 2019

Approved investments down in January-February 2019

Mar 28, 2019 - 2:05 PM

Trade Secretary Ramon Lopez attributes the decline to a 'timing issue,' saying that some potential investments are still up for evaluation in March

Chinese firms 'hands off' Hanjin takeover – Board of Investments

Mar 14, 2019 - 8:40 PM

The remaining workers of Hanjin Heavy Industries and Construction Philippines are still in limbo

TAKEOVER? It is still uncertain whether foreign firms will takeover Hanjin. AFP file photo

Approved investments hit P97.9 billion in January 2019

Feb 11, 2019 - 12:40 PM

Trade Secretary Ramon Lopez says the Board of Investments is off to a good start in its attempt to hit P1 trillion in approved investments for 2019

PEZA, Board of Investments challenge 2nd TRAIN package

Jul 24, 2018 - 7:20 PM

The agencies warn that the 2nd tranche of the Tax Reform for Acceleration and Inclusion law might spook investors and may even be unconstitutional

Foreign investment pledges down 51.8% in 2017

Feb 22, 2018 - 10:55 PM

A significant 82.8% drop is recorded in the 4th quarter of 2017 alone, according to the Philippine Statistics Authority

SAN ANSELMO, CA - AUGUST 29: In this Photo Illustration, One and five dollar bills are displayed on August 29, 2017 in San Anselmo, California. The dollar fell to a two and a half year low to 91.77 Tuesday following the latest missile launch by North Korea. The U.S. dollar index has slipped over 10% since the inauguration of U.S. President Donald Trump. (Photo Illustration by Justin Sullivan/Getty Images)

DTI's Lopez, Hyundai face plunder, estafa complaint

Feb 08, 2018 - 5:35 PM

(UPDATED) The Volunteers Against Crime and Corruption accuses Trade Secretary Ramon Lopez of favoring Hyundai, which the group claims should not have been given P1.1 billion in tax exemptions

Gov’t to roll out incentives program for auto firms

Jan 14, 2016 - 7:52 PM

Car and car parts manufacturers in the country can begin applying for the CARS program on January 15

DTI ends 2015 with 3% surge in domestic, foreign investments

Jan 07, 2016 - 4:54 PM

The agency also expects a 5 hike in approved investments in 2016 to be driven by BPO services manufacturing

HIGH NOTE. DTI opens 2016 with a high note by reporting higher approved domestic and foreign investments last year. Former DTI Secretary Gregory Domingo (left) hands over DTI flag to newly appointed chief Adrian Cristobal Jr. Photo by DTI

Foreign investments jump 165% in Q3

Dec 18, 2015 - 2:45 PM

The amount approved stood at P48 6 billion a significant increase from the P18 3 billion recorded in the same period last year

INVESTMENT PLEDGES. Manufacturing came in second with investment pledges valued at P7.9 billion ($166.36 million) or 16.2%, followed by administrative and support service activities at P3.6 billion ($75.81 million) or 7.4% share. File photo by Romeo Gacad / Agence France-Presse

Philippines to close 2015 with fewer approved investments – BOI

Sep 04, 2015 - 6:32 PM

The decline in energy related projects and tighter guidelines of the Investments Priorities Plan might pull down the number of approved investments this year

PERKS. The Investment Priorities Plan (IPP) has become a platform to attract strategic investments by providing incentives to projects and industries aligned with the country’s development goals. Background photo from Steel Asia

PH IT-BPO sector expands 13.8%

Jun 27, 2015 - 7:49 PM

Contact centers were the top revenue earner in 2013 accounting for 8 4 billion or more than half of the industry’s total receipts

CONTINUED SURGE. All of its sub-sectors – which are animation, contact centers, transcription, software development and other BPOs – registered positive growth in profits in 2013. File photo by Rappler

Senate passes Tax Incentives Management and Transparency Act

Jun 08, 2015 - 7:21 PM

The bill aims to monitor and evaluate tax incentives granted to private sector

Mixed sentiments on PH automotive industry plan

Jun 03, 2015 - 5:31 PM

Some say the Comprehensive Automotive Resources Strategy program is not enough for the country to compete with other ASEAN countries

BETTER FOOTING. The Motor Vehicle Parts Manufacturers Association of the Philippines says local assemblers and manufacturers can have a better footing in the international arena because of the new auto industry plan. File photo by Chris Schnabel/Rappler

Aquino okays new PH automotive industry plan

Jun 02, 2015 - 1:40 PM

Philippine trade officials forecast that the new automotive industry plan will generate an estimated P300 billion in economic activity

The Philippines aims to become a regional automotive production hub by offering fiscal and non-fiscal perks to automakers. File photo by Romeo Gacad/AFP

BOI approves 3-year Investments Priorities Plan

Apr 13, 2015 - 8:15 AM

The new plan includes a principle that takes into consideration the impact of incentives on a specific locality

Investments board approves P54.62B projects for 1Q 2015

Apr 10, 2015 - 6:16 PM

The manufacturing sector posts the biggest growth as investments skyrocketed by 517 to P12 90 billion the Board of Investments says

Airbus chooses Philippines as next international training hub

Jan 05, 2015 - 5:32 PM

UPDATED The country will join Airbus SAS training centers worldwide as the aircraft maker continues to increase its fleet in the Asia Pacific region

FLIGHT SIMULATOR. Airbus SAS' plan to expand training operations in the Philippines would bring in flight simulators of its Airbus A330, A340, and A320 fleet. This photo shows an A320 simulator. Photo taken from Airbus website.

DTI to Korean firms: Invest in the Philippines

Oct 13, 2014 - 5:14 PM

The Philippine government is particularly trying to attract South Korean firms engaged in agri business construction and electronics

Drilon: DOF, DTI delay fiscal incentives bill

Sep 30, 2014 - 3:33 PM

Senate President Franklin Drilon notes it took the two departments 4 years to settle their disagreements and consolidate their versions of the bill

Fiscal incentives rationalization to add P30B in PH annual revenue

Aug 19, 2014 - 6:57 PM

After 16 years the departments of Finance and Trade and Industry have reached an agreement and will submit the revised version of the bill this week

Fiscal incentives bill: Is it really priority?

Jul 27, 2014 - 6:13 PM

Now 15 years pending in Congress will this measure be passed before President Aquino’s term ends in 2016?

ARMM investments reach P1.4B, up by 157% in 2013

Jan 14, 2014 - 9:17 PM

This is only the second time that the region breaches the P1 billion mark since its creation in 1989 – thanks to the renewed peace talks

BOI oks P477-M cold storage project in Bulacan

Jul 03, 2013 - 4:23 PM

The project to be built and operated by Royale Cold Storage North Inc will start commercial operations in June 2014

APPROVED. The Board of Investments approves the P476.5 million cold storage facility in Bulacan. Photo by AFP

Filinvest unit to spend P2-B for Boracay hotel

Mar 04, 2013 - 4:59 PM

The hotel which have nearly 200 guest rooms will begin operations in 2017

WORLD'S BEST. Sun, sand and Filipinos make Boracay one of the world's best

BOI OKs P2.4-B poultry farm projects

Nov 16, 2012 - 1:34 PM

The projects include poultry stock and hatchery farms