Trade chief touts BOI’s P344B investment leads as promising | BusinessMirror

TRADE Secretary Alfredo E. Pascual said the potential investment leads being processed by the Board of Investments looks promising and may allow the agency to meet its targets before mid-year.

The BOI said it has recently approved P414.3-billion worth of investments for January 2023 alone, “surging” by 142.9 percent compared to the same period in 2022 when it recorded P170.5 billion. As for the source of investments from January to February 9, 2023, the BOI said the “bulk” of foreign capital is from Germany with P157 billion. This is followed by Netherlands with P2.7 billion, Japan with P524 million, the United States with P509 million and the United Kingdom with P194 million.

“With investment prospects being very positive, and as we continue to receive serious interest from global investors, we are definitely on track to meeting our annual investment target of P1 trillion,” Pascual said.

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