INVESTMENT approvals from January to mid-September this year reached P1.35 trillion, surpassing the P1.26-trillion full-year investment approvals last year, with renewable energy projects accounting for a huge chunk of the pie, according to the Board of Investments .
This was followed by Real Estate Activities at P20.28 billion; Manufacturing at P12.13 billion; Agriculture, Foresstry, and Fishing at P10.05 billion; and Administrative and Support Service Activities at P5.46 billion. Go also noted that the passage of the Create More bill “will improve ease of doing business, promote inclusive economic growth, and solidify the Philippines’ position as an attractive investment destination.”
It is worth noting that Filipino firms contributed to the larger chunk of the investment pledges pie with P1.01 trillion, while foreign firms poured in P341.78 billion in investments.