Investment approvals top P1T

  • 📰 TheManilaTimes
  • ⏱ Reading Time:
  • 22 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 92%

Investment News

Approvals,Top,P1T

APPROVED investment pledges hit P1.15 trillion as of end-July, the Board of Investments (BoI) said on Friday, surging by 65 percent from P699 billion a year earlier.

APPROVED investment pledges hit P1.15 trillion as of end-July, the Board of Investments said on Friday, surging by 65 percent from P699 billion a year earlier.The agency, which is targeting P1.6 billion in approvals this year, said the trillion-peso mark was topped via renewable energy and agribusiness projects and investments from a US equity fund and a major food conglomerate, among others.

'This focus on sustainability, and efficiency is also attracting a wave of foreign investment,' the BoI said.Engagement by other promotion agencies was also said to have led to high-profile registrations by companies such as Optum , Atento, Toyota Motor Philippines and the Macquarie Green Investment Group, and the BoI said that it had supported projects by Collins Aerospace, Dyson and Nitori Holdings Co.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US

United States United States Latest News, United States United States Headlines

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

Approved investment pledges surge to P1.16T in Jan-July —BOILatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Source: gmanews - 🏆 11. / 68 Read more »