THE Board of Investments (BoI) reported a surge in agricultural investments following the agency getting the authority to approve projects worth up to P15 billion.
THE Board of Investments reported a surge in agricultural investments following the agency getting the authority to approve projects worth up to P15 billion.From February 2 and June 11, six projects were approved by the BoI with an aggregate investment of P13.38 billion, with investments in agriculture leading with P6.05 billion. The transportation and storage industry followed with P3.95 billion in investments.
Tax incentive applications previously submitted by IPAs for projects up to P15 billion will be returned to them for further processing and approval.Since the enactment of the Corporate Recovery and Tax Incentives for Enterprises Act in 2021, the FIRB has greenlit 28 projects valued between P1 billion and P15 billion with cumulative investments amounting to P126.61 billion.In the same period, the FIRB has also endorsed and approved 15 projects valued at over P15 billion each totaling P835.
Move Behind Rise In Agri Investments Boi
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