In a statement, the BOI said it booked P463.3 billion worth of total projects approved during the January to March period, up 155% from the P181.7-billion investment pledges seen in the same period last year.Approved foreign investments grew by 3,722% from only P4.33 billion in the first quarter of 2022.Meanwhile, domestic investment commitments took up the bulk of the total amounting to P297.9 billion, which grew by 68% from P177.3 billion year-on-year.
In terms of regional dispersion, investments in Western Visayas led the way with P293.3 billion, while CALABARZON took up second place with P112.7 billion. Manufacturing is also on the upswing with P17 billion in approvals, 416% higher from P3.3 billion in the same period last year.
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