By Junex Doronio
MANILA — The Department of Trade and Industry’s (DTI) Board of Investments (BOI) announced on Wednesday (10 July 2024) its approval of agricultural projects valued at over nine billion pesos, aimed at enhancing the sustainability and resilience of the country’s agricultural systems in collaboration with the Department of Agriculture (DA).
The BOI highlighted that these projects, endorsed by the DA, are crucial for ensuring competitive food security and promoting sustainable agriculture.
“The partnership between BOI and DA is proving beneficial as these projects will drive the adoption of new technologies and bolster food security in the Philippines, enhancing the sustainability and resilience of our agricultural systems,” said DTI Secretary Alfredo Pascual.
According to a statement from the BOI, a total of P9.59 billion in projects were approved under the 2022 Strategic Investment Priority Plan of the Corporate Recovery and Tax Incentives for Enterprises Act (CREATE Act), categorized as Tier II agri-based projects.
(el Amigo/mnm)
