BOI optimistic on hitting P1-T investment approvals

📆 2023/02/20 05:35:00
📰 inquirerdotnet

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The Board of Investments expressed confidence in hitting P1 trillion worth of investment approvals target this year, banking on what it called the Marcos administration’s “aggressive and strategic” investment promotion initiatives. | AldenMonzonINQ /PDI

“We are not even through with the second month of the year and we already have secured nearly half of our full-year target for investment approvals,” he added.

Of the total approved investments, Pascual touted the stronger performance this year in their foreign investment portfolio, characterizing the growth as “stunning” as it grew from just P249 million to P163 billion. Meanwhile, domestic investment approvals were at P251.3 billion, registering a 47.6 percent increase from the P170.3 billion last year.

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