Citing a report from the Department of Trade and Industry-Bureau of Investments , Malacañang bared that the total investment projects approved by the lead investment promotion agency reached P414.3 billion as of Feb. 9.
Trade Secretary Alfredo Pascual said the agency still has potential investment leads of around P344 billion that will still be processed. The increase in investments, the DTI chief noted, proves that the President’s promotional visits abroad are working as a growing number of investors from Southeast Asia, the United States, Belgium, China and Japan, have shown strong interest in putting in more investments into the country.
It accounted for nearly 40 percent of the aggregate total, with domestic investment nods taking up the rest with P251.3 billion, a 47.6 percent rise from P170.3 billion last year, the DTI official added.