THE Philippine Board of Investments has officially reached the P1 trillion mark of investment approvals from January to October, after approving the new offshore wind power projects of Copenhagen Infrastructure New Markets Fund Corporation valued at P329.74 billion.This translates to an 86 percent growth from last year’s P576.21 billion for the same period.
Transportation and storage, particularly in water transport, also made a significant impact with P21.27 billion in approved investments.Additionally, the manufacturing sector featured projects valued at P16.37 billion, and Administrative and Support Service Activities, including the IT-BPM industry, received P8.94 billion in investments.
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