BOI approves P137bn worth of investments in Q1
The Board of Investments (BOI) approved a total of P137 billion in investments in the first quarter of 2021, a 65 per cent increase from last year’s P83 billion.
As noted in the data presented by Trade Secretary and BOI chairman Ramon Lopez, the approved investments are set to generate 12,013 jobs, 13 per cent higher than the 10,605 jobs a year ago.
Lopez stated that registration for investments in the country “continues to grow despite this pandemic.” This 2021, the BOI targets to approve P1.25 trillion worth of investments.
