BOI targets major investment growth

The Board of Investments (BOI), the lead investment promotion agency of the Philippines, is expecting to process P1.12 trillion worth of investment pledges over the next two quarters, signaling the country's growing appeal as an investment hub.

- BY DEXTER BARRO II

The BOI said it is currently checklisting 65 projects, which have a combined total of P290 billion.

Checklisting is the initial phase of the registration process, where project proponents formally signify their intent to apply and submit the required documents to support their application.

Of the 65 projects, 12 are considered strategic projects as approved under the government's green lane status, with a total value of P116.81 billion.

Established under Executive Order (EO) No. 18, the green lane program seeks to expedite, streamline, and automate the processing of permits and licenses for strategic investments.

The BOI said the projects being checklisted span a variety of priority sectors including renewable energy, information technology and business process management (IT-BPM), manufacturing, logistics, and infrastructure.

Once approved, these projects are expected to generate approximately 4,278 jobs.