The Board of Investments (BOI) said the pending green lane projects will help it meet its target of P1.75 trillion investments by 2025.
“As of Dec. 20, we have 173 certified projects with a total estimated cost of P4.5 trillion, of which 56 percent are foreign-owned. Even if only half of these projects register with the BOI, we are confident we will meet our target of P1.75 trillion in investments for 2025,” said BOI One-Stop Action Center for Strategic Investments (OSACSI) director Ernie delos Reyes
He said the BOI does not put too much premium on whether uncertified green lane projects would register with the BOI “for as long as we are able to provide the services, that would already make us satisfied with our kind of service.”
BOI executive director Bobby Fondevilla said certification, which focuses on high-impact projects, provides investors with the assurance of more streamlined processing, including personalized support to address issues that may arise during project development.
Most certified projects are concentrated in the renewable energy and food security sectors, with a notable emphasis on large foreign-owned investments such as the Charoen Pokphand Group, a global leader in integrated food production.
Charoen Pokphand also expressed its willingness to support local entrepreneurs, even offering assistance for small businesses without requiring a franchise agreement.
Fondevilla underscored the importance of effective coordination between the BOI, the Department of Energy (DOE) and other government agencies to ensure timely project approvals.
The BOI said while the ARTA’s Ease of Doing Business Law sets certain timelines, it actively monitors delays and regularly reports to the Office of the President, which helped improve the efficiency of local government units (LGUs) and national government agencies (NGAs).
“One of the biggest improvements we’ve seen is the change in mindset among LGUs and NGAs. They’ve now embraced the principles of EO 18, which has significantly reduced delays and improved the overall project implementation process,” Fondevilla said.
Latest data show that food security account for 45 percent of the certified green lane projects, followed renewable energy at 39 percent, digital infrastructure at 11 percent and manufacturing at 5 percent.
