BOI promotes plant-based foods, gears up local researchers and start-ups for the Big Idea Food Competition

The Board of Investments (BOI), the Philippines’ lead industry promotion agency, recently (06 July 2021) conducted an online information session on the upcoming Big Idea Food Competition (BIFC) 2022 Asia Edition to raise awareness on the potentials of plant-based foods.   The said session is a tie-up with Big Idea Ventures (BIV), the Department of Science continue reading : BOI promotes plant-based foods, gears up local researchers and start-ups for the Big Idea Food Competition

Purchasing Managers’ Index breaches 50-point mark, DTI-BOI sees strong second quarter recovery

DTI-BOI reported that the calibrated reopening of the economy has been resulting in improvement in the unemployment rate reported by NEDA at 7.7% in May, from 8.7% in April 2021; and the manufacturing index which climbed to 50.8 in June 2021, from 49.9 in May.   Just last week it was reported that exports performed remarkably, posting continue reading : Purchasing Managers’ Index breaches 50-point mark, DTI-BOI sees strong second quarter recovery

BOI approves hidrobag manufacturer’s investment project

The Board of Investments (BOI) has recently approved the application of OIKOS SUSTAINABLE SOLUTIONS INCORPORATED (OIKOS) as New Producer of Hidrobags under the newly-enacted Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act and the 2020 Investment Priorities Plan (IPP) under “all qualified manufacturing activities including agro-processing”.  OIKOS, a newly-formed corporation in December 2020, will invest a total of continue reading : BOI approves hidrobag manufacturer’s investment project

Duterte signs order formalizing adoption of NERS employment recovery agenda

President Rodrigo Roa Duterte has signed Executive Order (EO) No. 140 officially adopting the National Employment Recovery Strategy (NERS) as the Philippine government’s master plan for the restoration of the country’s labor market. The EO institutionalizes the 20-agency strong NERS Task Force (TF), charging it to implement the strategy from 2021 to 2022, in response continue reading : Duterte signs order formalizing adoption of NERS employment recovery agenda

DOF, DTI sign CREATE IRR ahead of the 90-day deadline

Finance Secretary Carlos Dominguez III and Trade and Industry Secretary Ramon Lopez signed on Monday (June 21, 2021) the implementing rules and regulations (IRR) of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act, more than two weeks ahead of the July 10, 2021 deadline set under this law.   Micro, small and medium enterprises continue reading : DOF, DTI sign CREATE IRR ahead of the 90-day deadline