Trade Secretary Alfredo Pascual has raised the investment registration target of the Board of Investments for 2023 on the back of a robust pipeline of approvals and the pledges fetched during President Ferdinand Marcos Jr.’s foreign travels.
"I thank BOI for enthusiastically welcoming this challenge, and of course the President for his hard work in promoting the Philippines as a hub for sustainability and innovation-driven manufacturing and services in the region," he added. Meanwhile, data from the Department of Trade and Industry showed the BOI approved P414.3 billion worth of investment commitments as of February 9, 2023, up 142.9% from P170.5 billion year-on-year.
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