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Philippines: BOI grants green lane status to Metro Pacific vegetable

The Board of Investments (BOI) has granted green lane status to Metro Pacific's vegetable and dairy farm projects that have been identified and designated as strategic investments with a positive impact on the country's development and the environment.

In a statement on Wednesday, the BOI said its One-Stop Action Center for Strategic Investments (OSACSI) gave Green Lane Certificates of Endorsement to two projects of Metro Pacific with a total cost of P3.4 billion. The projects are a vegetable farm project located in Bulacan and a dairy farm project situated in Laguna.

The green lane endorsement was awarded to Metro Pacific Fresh Farms Inc. (MPFF) and Metro Pacific Dairy Farms Inc. (MPDF) on Nov. 30, 2023. Obtaining green lane status expedites permit and license issuance, including resolving strategic investment issues.

Last February, President Ferdinand Marcos Jr. issued Executive Order No. 18, which mandated the creation of green lanes as part of efforts for ease of doing business and promoting strategic investments.

Read more at gmanetwork.com

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