BOI investment pledges hit P392.03B, up 32%

Investment pledges registered with the Board of Investments (BOI) reached P392.03 billion as of Oct. 4, a 32-percent increase from the P296.04 billion recorded in the same period last year. The investment commitments were spread across 332 projects registered under BOI so far this year. This moves the investment promotion agency closer to reaching its yearend target, which was recently raised to P550 billion from the previous target of P500 billion. For the past five years, the BOI recorded an average annual investment commitment of P398 billion. If this year's target is achieved, it will mark the BOI's highest level of investment commitments since 1997 when the agency record...Keep on reading: BOI investment pledges hit P392.03B, up 32%

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