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The Philippines is committed to becoming a regional powerhouse for smart and sustainable industries through ease of doing business that would facilitate a higher influx of investments, according to the Board of Investments (BOI).
BOI Governor Marjorie Ramos-Samaniego issued this pledge as the country’s representative at the recent launch of the ASEAN Green Investment Catalyst (AGIC) in Bangkok, Thailand.
The AGIC, an initiative funded by the Association of Southeast Asian Nations (ASEAN)-United Kingdom (UK) Green Transition Fund, seeks to accelerate green investments in the region.
Ramos-Samaniego said the Philippines is priming itself to be a regional hub, as evidenced by its readiness to host green investment-ready projects.
She said this is particularly driven by Executive Order (EO) No. 18, signed by President Ferdinand “Bongbong” Marcos Jr. in 2023, which established the green lane program.
The BOI described the green lane program as a “landmark reform” as it seeks to expedite, streamline, and automate the processing of permits and licenses for strategic investments.
Specifically, these investments cover “highly desirable” projects, foreign direct investments, projects under the strategic investment priority plan (SIPP), and projects that promote innovation.
Since 2023, the BOI has endorsed 203 projects for green lane status, collectively valued at ₱5.17 trillion.
In total, these projects have an estimated employment generation of more than 300,000 Filipinos.
To further affirm the vision to be a regional hub, the Philippines aims to work closely with its partners and allies to channel investments into projects that “protect both people and planet, build green cities, and fuel long-term prosperity.”
Philippine Ambassador Millicent Cruz Paredes, the permanent representative to United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP), said the country aims to host the ASEAN Investment Forum next year.
“This marks a strong step forward in regional cooperation toward a sustainable, investment-ready future,” said Paredes.
The Philippines is set to chair the ASEAN in 2026.
