THE Board of Investments said it is confident of hitting its P1.5-trillion investment approvals target for 2023 amid the establishment of green lanes—a move seen to address the barriers that hamper the entry of foreign direct investments.
“We’ll stick … Mahirap ‘yung moving target. We revise it once upward. Let it be. If we exceed it, fine. If we fall behind, we’ll work harder,” Pascual told reporters on the sidelines of the launching of EO 18 in Pasay City. Related story on green lanes in Economy, page A4. “Given the strong investment approvals for January, as well as the robust pipeline of investment leads—including those generated through Presidential Visits—I have increased the 2023 Investment Registration target of BOI from P1 trillion to P1.5 trillion,” Pascual said in February.
The green lanes for strategic investments were established through Executive Order No. 18 issued on February 23,2023.