With low investment rates, PHL trails Asean neighbors

Quick Summary:

THE Philippines’ anti-investment ecology stifles economic growth and must be reversed to align investment levels with neighboring countries, according to National Scientist Raul V.Fabella.

It has also approved agriculture-related projects amounting to P6.05 billion from February 2 to June 11, 2024, with an investment capital of up to P15 billion.

The Board of Investments (BOI) approved P9.59 billion worth of agricultural projects endorsed by the Department of Agriculture (DA) in July 2024.

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Article Details

Author / Journalist: Reine Juvierre S. Alberto

Category: BusinessStartups

Markets: PhilippinesSingaporeThailandVietnam

Topics: Rate Sector Countries 2024 Philippines Investments Fabella Investment Percent Data Billion

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-24 @ 16:17:00 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 497 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 34 words per sentence (average)

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

Copyright Owner: © Business Mirror

News ID: 23800594

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Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

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News Last Updated: 12 hours ago

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