6 months BOI investment pledges jump 60% in Q1 MB |Biz
By Bernie Cahiles-Magkilat Total investment pledges approved by the Board of Investments (BOI) jumped 60 percent in the first quarter of 2019, reaching P243 billion from P152.1 billion posted for the same period last year. Trade and Industry Secretary Ramon M. Lopez Trade and Industry Secretary Ramon M. Lopez attributed the strong growth to the approval of new big projects in March causing a turnaround of the 23 percent decline in the first two months of the year. The BOI data showed that the first quarter performance was led by a robust 40 percent increase in Filipino investments to P212.2 ... more