On 20 May 2026, the Office of the Board of Investment (the “BOI”) issued BOI Announcement No. Por. 8/2569 Re: Guidelines for Project Progress Report (the “BOI Announcement”), which replaces BOI Announcement No. Por. 5/2569 dated 20 April 2026 on the same subject. The BOI Announcement establishes a new standard quarterly reporting cycle for all BOI-promoted persons, replacing the biannual reporting condition previously indicated in investment promotion certificates.
According to the BOI, the reason for this change is to enable relevant government agencies to track actual quarterly investment activity and use that data to assess economic conditions and shape national economic policy in response to a fast-changing global environment.
Key Provisions
1. New Quarterly Reporting Obligation
BOI-promoted persons are required to submit project progress reports to the BOI through the e-Monitoring system, using the form prescribed by the BOI, on a quarterly basis. The four reporting quarters end in March, June, September, and December. Each report must be submitted within 30 days from the last day of the relevant quarter.
Where an investment promotion certificate is issued part-way through a quarter, the BOI-promoted person does not need to file a report for that quarter. Instead, the first report is due at the end of the next reporting quarter. Consequently, newly BOI-promoted persons receive a reasonable lead time before their first submission is due.
To illustrate, consider a BOI-promoted person whose investment promotion certificate is issued in May 2026. Since the certificate is issued part-way through the second quarter (April–June), no report is required for that quarter. The first reporting obligation for such BOI-promoted persons falls in the third quarter, which ends on 30 September 2026. They must therefore submit their first project progress report through the BOI’s e-Monitoring system by 30 October 2026.
The reporting obligation begins on the date the investment promotion certificate is issued and continues until the BOI-promoted person has been granted a full operation permit for the BOI-promoted project.
2. Transitional Arrangement for Existing BOI-Promoted Persons
BOI-promoted persons whose existing investment promotion certificates contain a condition requiring them to report project progress to the BOI twice a year (in February and July) are now subject to the new quarterly reporting cycle described above. That biannual condition is cancelled and replaced by the new quarterly reporting obligation. The BOI Announcement took effect on 20 May 2026, which falls within the second quarter of 2026 (ending 30 June 2026). Accordingly, these BOI-promoted persons must submit their first quarterly project progress report no later than 30 July 2026.
It should be noted that no change to the investment promotion certificate itself is needed, as the cancellation and replacement take effect automatically under the BOI Announcement.
3. Practical Implications
The principal effect of the BOI Announcement is to move all BOI project progress reporting to a single, consistent quarterly cycle. The previous two-report-per-year schedule, with deadlines in February and July, no longer applies.
As a result, all BOI-promoted persons, whether newly issued an investment promotion certificate or holding an existing one, should update their compliance calendars to reflect the new quarterly deadlines. The four submission deadlines each calendar year are as follows:
| Quarter | Reporting Months | Quarter End Date | Submission Deadline |
|---|---|---|---|
| Q1 | January – March | 31 March | 30 April |
| Q2 | April – June | 30 June | 30 July |
| Q3 | July – September | 30 September | 30 October |
| Q4 | October – December | 31 December | 30 January (of the following year) |
Furthermore, they are strongly advised to verify that their access credentials for the BOI’s e-Monitoring system are fully operational well in advance of their first applicable submission deadline. BOI-promoted persons who have not previously used the e-Monitoring system should take the following steps promptly:
(1) register for system access;
(2) designate an authorized representative to manage submissions on their behalf; and
(3) familiarize themselves with the prescribed reporting form and submission procedures.
Early preparation will help avoid last-minute technical difficulties or administrative delays that could result in non-compliance with the reporting obligation.
The information provided here is for information purposes only and is not intended to constitute legal advice. Legal advice should be obtained from qualified legal counsel for all specific situations.
