“We are not even through with the second month of the year and we already have secured nearly half of our full-year target for investment approvals,” he added.
Of the total approved investments, Pascual touted the stronger performance this year in their foreign investment portfolio, characterizing the growth as “stunning” as it grew from just P249 million to P163 billion. Meanwhile, domestic investment approvals were at P251.3 billion, registering a 47.6 percent increase from the P170.3 billion last year.
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DTI on China laser-pointing: Geopolitics, business can't be separatedThe Department of Trade and Industry (DTI) said Saturday that Chinese investments and trade with the Philippines had continued amid the territorial tensions between both countries. Chinese investments and trade in the Philippines is not a guarantee that they are allowed not to respect the rights and rules of the Pilipinos.
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