INVESTMENTS worth P1.9 trillion were approved for green lane service as of April 1, 2024, with majority for the renewable energy (RE) sector, the Department of Trade and Industry (DTI) said on Tuesday.

Trade Secretary Alfredo Pascual said that a total of 59 projects were approved after Executive Order 18 was signed in 2023 to the start of April this year. Signed by President Ferdinand Marcos Jr., the order created strategic investment green lanes to reduce the cost of doing business in the Philippines.

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