Department of Trade Secretary Ma. Cristina Roque said the Philippines exceeded its investment targets for 2024, generating P1.83 trillion in combined investments through two premier investment promotion agencies. We are pleased to report significant progress in attracting investments this year. These investments will fuel job creation, drive innovation and foster dynamic economic progress.
By focusing on international trade, we are laying the foundation for sustainable and inclusive economic growth,” Roque said.The Board of Investments (BOI) reported it surpassed its target, attracting a record P1.62 trillion in approved investment pledges, a 47.27-percent surge from 2023. Meanwhile, the Philippine Economic Zone Authority (PEZA) announced P214.17 billion in investment pledges, exceeding its P200-billion goal for the year by 7 percent. PEZA’s efforts focused on expanding ecozones, attracting high-growth industries and providing top-tier support services to investors. Roque said the DTI is committed to building on the momentum created by the BOI and PEZA, as the country approaches the new year. “We will continue to refine and implement forward-looking policies that attract investments in these key industries, ensuring that the Philippines remains a prime destination for innovation and growth. Our commitment is to create an environment where businesses thrive, sustainability is prioritized, and economic opportunities benefit all Filipinos,” she said. Investments in the BOI and PEZA are expected to generate jobs, foster technological innovation and spur sustainable economic development, contributing to the country’s long-term economic resilience, she said
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