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Agency tallies P313-B investment pledges as of July, up 24% on-year

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Committed investments registered with the Philippine Board of Investments (BOI) reached P312.8 billion from January to July this year, reflecting a 24 percent increase from the same period last year.

In a report, the BOI said that power projects remained among the biggest investments with P195.1 billion, a 65.3 percent increase from P118 billion in the same period last year. This was followed by the manufacturing sector surged on with P46.1 billion, a 132.6 percent jump from P19.8 billion in January to June 2018.

Region IVA – Calabarzon remained steady at the top among regions, cornering the lion’s share with P203.3 billion or 65 percent of the total figure. Singapore remained the top among foreign investors with P35.4 billion. Netherlands came in second with P9.2 billion, with Thailand , Japan and the United States completing the top five.

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