What Happened
BOI Prepares Guidebook To Attract Defense Manufacturing Investments
The Board of Investments (BOI) in the Philippines is preparing a consolidated guide to incentives and rules for companies seeking to invest in the country’s defense manufacturing sector. According to Ernesto Delos Reyes Jr., director of investments assistance services at the BOI, interest in the country’s defense manufacturing potential has grown, especially after the passage of the Self-Reliant Defense Posture Revitalization Act in 2024. The guidebook aims to clarify permits and licenses for investors, with the target release set for this year. This development was reported by Inquirer.net.