MANILA, Philippines – Spurred by rising interest in defense-related investments, the Board of Investments (BOI) is preparing a consolidated guide to incentives and rules for companies seeking to position the Philippines as a defense manufacturing hub.
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—although investors still face unclear permitting and licensing requirements.
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“(There is) rising interest; there are intents because we have that self-reliance activity,” Delos Reyes said in a mix of English and Filipino. “What they (investors) are looking for is clear guidance.”FEATURED STORIES
