BOI-approved investment pledges surge 156%
The Board of Investments (BoI) reported a 156% surge in its approved investment pledges in the first two months of 2021, reaching P121.9 billion in investments.
Broken down, while foreign investment commitments declined 16.81% to $6.2 billion, the domestic investment pledges jumped 188% to $115.7 billion.
In a speech, Trade Secretary and BoI chairman Ramon Lopez said they are confident that they’ll achieve their pre-pandemic growth rates. He said, “To this end, we are facilitating greater trade and investment in the country by continuously pursuing reforms to foster a better business environment.”
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