Investment board okays Connovate’s P93-million project

The Board of Investments (BoI) has approved Connovate Philippines Inc. as a new producer of housing components using modular housing components.

In a statement on Tuesday, the BoI said Connovate Philippines’ P93-million project in Panabo City, Davao del Norte province, was expected to produce 47,763 square meters (wall area) yearly once its begins operations this month.