The Board of Investments (BOI) has certified P346 billion worth of investments from January to May to benefit from streamlined permit processing under the green lane initiative, according to a report by Philstar Biz.
The green lane program, established under Executive Order No. 18, provides expedited processing of permits and licenses for strategic investments, particularly in sectors like renewable energy, digital infrastructure, and manufacturing. The BOI said the certified projects are expected to generate thousands of jobs and boost economic growth.
Among the certified investments are large-scale solar and wind energy projects, data centers, and semiconductor manufacturing facilities. The BOI continues to encourage more investors to avail of the green lane benefits, aiming to accelerate the country's recovery and competitiveness in the region.