Finance Chief Eyes Green Metals, EV Supply Chain as PH Expands Investment Incentives
- February 25, 2026
- 0
Finance secretary Frederick Go is confident that major investment reforms will position the Philippines as a regional key player in high-impact industries, including the extraction and processing of green metals that are critical for renewable energy transition.
He said government measures to promote investments include offers of up to 40 years of fiscal and non-fiscal incentives; participation in the Public-Private-Partnership; Investors’ Lease Act that extends lease terms from 50 to 99 years, to give non-Filipinos an option to lease land for investments; and the Accelerated and Reformed Right of Way Act that pushes implementation of critical infrastructure projects.
“All projections will be realistic, as we continue to implement smart and efficient spending,” secretary Go told delegates of the Asean Editors and Economic Opinion Leaders Forum held Tuesday in Makati.
He said the government investment reforms are aligned to support other high-impact industries such as extraction of green metals for electric vehicle components, consumer-focused light manufacturing, smart agro-industries, semiconductor assembly, creative sector, and digital and telecommunications infrastructure.
John Anis, CEO of Indonesia-based Pertamina New and Renewable Energy (NRE) cited the need to increase collaboration and partnerships of businesses within the Asean region to maximize their capacity.
At the panel discussion on Future of Investments Beyond Borders, Anis said tax incentives only “allow us to jumpstart” businesses in the Philippines and more concrete support are needed.
“Investor stability also requires respect for contracts and the support to look for more opportunities for partnerships,” he said.
The Philippines is hosting the Asean this year with the theme:” Navigating Our Future, Together.”
The regional bloc groups 11 economies-Philippines, Malaysia, Thailand, Indonesia, Vietnam, Myanmar, Cambodia, Laos, Brunei, Singapore and Timor-Leste. Follow Power Philippines on Facebook and LinkedIn or join our Viber community for more updates.
