BoI expects P1-T investment goal to be 80-90% filled by midyear - BusinessWorld Online

TRADE Secretary Alfredo E. Pascual expects the Board of Investments to hit its P1-trillion investment target for 2023 following “serious interest” from foreign investors.

Mr. Pascual said the BoI could hit 80% to 90% of the target before the middle of the year as the IPA is still following up on other investment leads. “The increase in investments proves that the government’s promotional visits abroad led by no less than the President himself, are working as a growing number of investors from around the globe, from Southeast Asia, the US, Belgium, China, and most recently Japan, have shown strong interest in putting in more investments into the country,” he added.The BoI accounted for 76% of the P927 billion worth of total IPA foreign and domestic approved investments in 2022.

The BoI said the Western Visayas led the regions in investment as of Feb. 9 with P293.3 billion, followed by Calabarzon with P111.7 billion, Eastern Visayas P3.5 billion, Central Luzon P3 billion, and the National Capital Region P783 million.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Trade chief touts BOI’s P344B investment leads as promising | BusinessMirrorTRADE Secretary Alfredo E. Pascual said the potential investment leads being processed by the Board of Investments (BOI) looks promising and may allow the agency to meet its targets before mid-year. “So far, the agency still has potential investment leads of around P344 billion that will still be processed and,…
Source: BusinessMirror - 🏆 19. / 59 Read more »

BOI optimistic on hitting P1-T investment approvalsThe Board of Investments expressed confidence in hitting P1 trillion worth of investment approvals target this year, banking on what it called the Marcos administration’s “aggressive and strategic” investment promotion initiatives. | AldenMonzonINQ /PDI
Source: inquirerdotnet - 🏆 3. / 86 Read more »

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.
Source: gmanews - 🏆 11. / 68 Read more »