THE Department of Trade and Indus try (DTI) said it would unveil a new incentives tack that would reward investments that generate “more value-added” to the economy. “While investment figures and growth numbers have to be tracked, we have to look for a better measure of the performance of IPAs,” DTI Secretary Gregory Domingo said, referring to investment promotion agencies.
He said the government would focus on attracting “quality” investments rather than merely hitting higher quantitative targets.
Domingo said the IPAs under the DTI—the Board of Investments (BOI) and the Philippine Economic Zone Authority (PEZA)—would pursue projects that can contribute more value-added to the economy.
He said the value-added could be computed using a cost-benefit ratio.
“There is cost for the government because of foregone tax revenues and there are benefits to the economy. When DTI’s IPAs evaluate projects, they should measure the benefit to the country. The incentives given to a project should be more directly correlated to the benefit the investment gives,” Domingo said.
“We will craft this [strategy] to remain competitive. The intent is not to minimize incentives, as there could be more incentives we’ll give to projects that have more value-added. The intent is to make incentives-giving more efficient,” he said.
Domingo said the DTI would flesh out this new investment-generation and incentives-giving strategy within this month.
He said the DTI would consult the Department of Finance in crafting the new tack for upcoming investments.
Efren Leaño, BOI executive director, said the implementation of this strategy may begin through the 2011 Investment Priorities Plan (IPP).
The annual IPP identifies business activities that qualify for tax incentives and other perks from the government.
Leaño said the BOI expects investment commitments this year to reach the same level as last year’s P300 billion.
PEZA had projected approvals this year would grow by a tenth from last year’s P204.395 billion.
Domingo said the bulk of this year’s investments would likely come from local investors in infrastructure, especially with the public-private partnership (PPP) initiative in full swing. –BEN ARNOLD O. DE VERA REPORTER, Manila Times
July 2025
Nutrition Month
“Give us much more than P50 increase
for proper nutrition!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos
July
3 July – International Day of Cooperatives
3 July – International Plastic Bag Free Day
5 July – World Youth Skills Day
7 July – Global Forgiveness Day
11 July – World Population Day
17 July – World Day for International Justice
28 July – World Nature Conservation Day
30 July – World Day against Trafficking in Persons
Monthly Observances:
Schools Safety Month
Nutrition Month
National Disaster Consciousness Month
Weekly Observances:
Week 2: Cultural Communities Week
Micro, Small, and Medium Enterprise
Development Week
Week 3: National Science and
Technology Week
National Disability Prevention and
Rehabilitation Week
July 1-7:
National Culture Consciousness Week
July 13-19:
Philippines Business Week
Week ending last Saturday of July:
Arbor Week
Daily Observances:
First Saturday of July:
International Cooperative Day
in the Philippines
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