Investments approved by the Board of Investments surged by nearly 160 percent to P532.3 billion in the first five months of the year from P205.7 billion a year ago, driven by foreign investments in the renewable energy sector.
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The Philippines is inviting Chinese companies to bring in their technology and expertise in equipment design and manufacturing for solar and wind power generation, according to the Department of Trade and Industry (DTI). “We also welcome investors in the related sectors of battery energy storage systems and off-grid power supply…
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