The Board of Investments said Thursday night investment approvals jumped 86.7 percent in the first 10 months of 2023 to P1.07 trillion from P576.21 billion in the same period in 2022.
He said majority of the approved investments are RE projects, including the offshore wind power projects of Copenhagen Infrastructure New Markets Fund Corp. worth P329.74 billion. “Foreign investment pledges are at a record high. But the job is not done. Together with our other investment promotion agencies , we will continue to work to generate more investments into the country to provide more jobs for our countrymen,” he said.
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