BOI investment approvals in January to mid-September hit P1.35T

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INVESTMENT approvals from January to mid-September this year reached P1.35 trillion, surpassing the P1.26-trillion full-year investment approvals last year, with renewable energy projects accounting for a huge chunk of the pie, according to the Board of Investments (BOI).

BOI said Calabarzon region remained the top recipient of local investments with P602.63 billion, followed by Central Luzon,P258.68 billion;Western Visayas,P238.88 billion; Bicol Region, P142.87 billion; and Ilocos Region, P62.68 billion.

Go also noted that the passage of the Create More bill “will improve ease of doing business, promote inclusive economic growth, and solidify the Philippines’ position as an attractive investment destination.

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Article Details

Author / Journalist: Andrea E. San Juan

Category: BusinessStartups

Markets: PhilippinesNetherlandsSingaporeSwitzerlandTaiwanUnited States

Topics: Billion Energy Year Growth Investments Economic Investment January Mid-september Foreign Approvals

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-16 @ 16:07:00 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 753 words

Reading Time: 5 minutes read

Sentences: 23 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 22536427

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