The Board of Investments (BOI) and HSBC Philippines, a subsidiary of the HSBC Group, have currently presented opportunities in clean technology projects in the Philippines to potential investors from China.
Business World reported that the BOI had delivered a presentation to Chinese firms on the country’s projects that promote sustainability.
BOI Executive Director for Industry Development Services Ma. Corazon Halili-Dichosa stressed that the government is teaming up with industry partners to build a sturdy rapport, aimed to help businesses thrive while achieving their sustainability targets.
Additionally, HSBC Philippines CEO Sandeep Uppal shared that the country has a competitive advantage in terms of expanding economy, economic reforms, and population.
Meanwhile, BOI Executive Director for Investment Promotion Services Evariste M. Cagatan said that the government has been working to establish a profitable setting and advantages for investors.
Catagan stressed that Bloomberg’s New Energy Finance Climatescope 2023 recognizes the Philippines as a leading emerging market for renewable energy (RE), and this is credited to the country’s adoption of green energy auctions, feed-in tariffs, net metering schemes, and various tax incentives.
