The Board of Investments (BOI) have registered P392 billion in pledges as of the first week of October, reflecting a 32-percent growth over the same period in 2016.
BOI data showed that, as of October 4, the country’s investment promotion agency has hauled in P392 billion in investment-pledges.
This reflects a 32-percent growth from the same period’s haul of P296 billion in 2016.
Employment in the same period jumped by 26.03 percent, or by 51,732 workers from 283 projects, to 65,196 workers from 332 projects, the BOI said. Since its inception in 1967, it has registered 15,161 investment projects with a cumulative value of P6.38 trillion as September of this year.
Trade Secretary Ramon M. Lopez, speaking at Monday’s celebration in conjunction with the 2017 BOI Guinogulan Awards and Invest Philippines Night, said they are sticking with the P550-billion investment goal by year-end.