The Board of Investments on Saturday reported that the current administration has already produced P2.368 trillion of generated investments, a figure which includes the outcomes of the foreign trips of President Ferdinand "Bongbong" Marcos Jr.The BOI's statement comes two days after the Philippine Statistics Authority reported that foreign investment pledges plunged more than 63.6% from January to March compared to the same period last year.
Further, Recolizado said, the FDI increased by about 30% from November to December 2023, surged to about 90% in January, then rose by about 30% in February.Meanwhile, she added that there was a 48% cumulative growth rate in January up to February 2024 from the same period last year."Para sa akin good indicator 'yung commitments na nakuha natin nari-realize. May confidence pa rin naman ang investors sa Philippines," Recolizado said.
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Source: MlaStandard - 🏆 20. / 55 Read more »