The Philippine Board of Investments (BOI) is now finalizing the general policies and specific guidelines of the 2017 Investments Priorities Plan (IPP) following the approval by President Rodrigo Roa Duterte of the plan on 28 February 2017. The IPP, approved through Memorandum Order No. 12, was published in Manila Bulletin and will take effect on March 18, 2017.
The IPP was approved as proposed by the BOI. The submission to the Office of the President on December 29, 2016, three months ahead of the March 31 deadline under the Omnibus Investments Code of 1987, and the subsequent approval of the new IPP is a milestone for the agency. (more…)