6 months Investment pledges fall 23% to P107 B MB |Biz
By Bernie Cahiles-Magkilat Investment pledges approved by the Board of Investments fell 22.71 percent in the first two months of the year as number of committed projects dropped by a hefty 42 percent, but the agency sees a strong rebound in March with the registration of pipeline projects. Trade and Industry Secretary Ramon M. Lopez The BOI, the government’s premier investment promotion agency, reported that total committed projects approved in the January-February period this year reached only P101.72 billion as against P131.61 billion in the same period of 2018. The agency was able to register only 4,648 projects as against ... more