Tuesday, July 23, 2024
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investments

BOI records highest investment approval at P1.16 trillion for 2023

The information and communications technology (ICT) sector demonstrated strong growth, securing approvals totaling P96.16 billion.

TikTok bares $12.2-M investment for MSMEs, creators in SE Asia

ikTok held its Southeast Asia (SEA) Impact Forum last June 15 where it pledged to support the region’s micro, small, and medium enterprises (MSMEs) with a $12.2-million investment and partnerships with various government agencies and nongovernment organizations (NGOs).

US tech firms bare plans to put up, expand operations in PH

During the one-on-one business meetings at the Blair House in the United States on Tuesday, May 2, Department of Trade and Industry (DTI) secretary Fred Pascual discussed the priority sectors of the Philippines targeting US investments such as IT-BPM, healthcare, semiconductors, electric vehicles and electric batteries, renewable energy, and food and minerals processing.

Indonesian AI-augmented reality firm to invest $20M in PH

The Department of Trade and Industry (DTI), through the Philippine Trade and Investment Center (PTIC) in Jakarta, met recently with officials of PT WIR Asia to discuss the Indonesian tech firm’s plan to expand into the Philippines with an initial projected investment of $20 million for this year.

Covid-19 drives BOI investments down by 71% in Q1

Cumulative investments recorded by the Board of Investments (BOI) reached P84.1 billion in the first four months of 2020, reflecting a 71-percent slowdown from last year’s P286.7 billion in the same period.

ICT sector corners half of historic P1-trillion investments as of October

The October approvals were led by Dito Telecommunity Corporation’s P210-billion project as the third major telecom player with its base in Clark Freeport Zone.

ICT investments in first 8 months soar to P308.8B from just P340M in 2018

Among the notable projects given the green light in August were the infrastructure project of ISOC Asia Telecom Towers that would build 25,000 cellular towers totaling P141.1 billion and the three-phase project of Philippines Fiber Optic Cable Network covering around 60,000 kilometers for an aggregate cost of P134.5 billion.

P60-B solar power projects lead investments surge in Jan-Feb

Investment projects approved by the Board of Investments (BOI) in January to February 2018 continue to surge as the investment promotion agency recorded P131.6 billion worth of projects, up by 402.3 percent compared to the same period last year.
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