Davao’s ‘Kalutong Pinoy’ Celebrates Local Flavors, Farmers

In Davao, 'Kalutong Pinoy' highlights the delicious flavors and traditions that make Filipino cuisine special, alongside dedicated local farmers.

700 Trays Of Rice Cakes Mark Pangasinan Town’s ‘Kankanen Festival’

The Kankanen Festival allowed the residents of Pangasinan to celebrate by sharing over 700 trays of delicious rice cakes.

DOT: Equitable Tourism Development Factor In Growth Of Philippine Regions

According to the Department of Tourism, promoting tourism across various regions fosters overall economic development in the country.

Philippine Urges Multilaterals To Boost Support For Developing Economies

The Philippine government emphasizes the need for additional support from multilateral institutions during this challenging economic period.

Government Certifies PHP4.5 Trillion Investments For Green Lane

PHP4.5 trillion in investments certified under the Green Lane will enhance operational efficiency for strategic projects across the nation.

Government Certifies PHP4.5 Trillion Investments For Green Lane

7431
7431

How do you feel about this story?

Like
Love
Haha
Wow
Sad
Angry

Nearly two years since President Ferdinand R. Marcos Jr. issued Executive Order 18 establishing Green Lanes for Strategic Investments, the Board of Investments (BOI) One-Stop Action Center for Strategic Investments (OSAC-SI) has endorsed PHP4.51 trillion worth of projects for faster processing of permits and licenses in national government agencies (NGAs) and local government units (LGUs).

BOI Director Ernesto Delos Reyes said in a press briefing on Dec. 20 that as of the said date, 173 projects were awarded with green lane certification.

Bulk of the certified projects are in the renewable energy (RE) with 139 projects amounting to PHP4.11 trillion.

“We are currently discussing with the Department of Energy in facilitating RE investments, aligning it with their Energy Projects of National Significance,” he said in Filipino.

Delos Reyes said there were 22 food security projects with investments of PHP13.95 billion awarded with green lane endorsement, adding that this aligns with the Marcos administration’s food security goals.

Digital infrastructure sector had eight projects under green lane, amounting to PHP352.13 billion, while manufacturing has four projects with investments of PHP36.91 billion.

Moreover, Delos Reyes said PHP1.65 trillion or 36 percent of the investments certified as green lane came from foreign sources.

Top foreign investments with green lane certification include Singapore, Thailand, and British Virgin Islands, the BOI official said. (PNA)