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BOI confident of hitting P1.6-T investment approvals target for 2024

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The Board of Investments has expressed optimism that it will achieve its target of P1.6 trillion worth of investment pledges approved for the entire year, banking on the expected influx of foreign investments in the country’s renewable energy and infrastructure sectors.“We're confident that we will reach the P1.

"The BOI head said that renewable energy projects seeking green lane endorsement alone could help the investment promotion agency hit its goal for the year.As of September this year, some P4.13 trillion worth of investments secured green lane certifications, over a year since an executive order creating green lanes to fast track processing of strategic investments was released.A total of P3.74 trillion worth of projects in the green lane pipeline are in the renewable energy sector.

 

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