BoI approves P729-billion investments in 2022 - BusinessWorld Online

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BoI approves P729-billion investments in 2022 - BusinessWorld Online
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THE BOARD of Investments (BoI) approved an estimated P729 billion worth of new investments this year, as investor confidence in the Philippines improved despite global uncertainties.

PHILIPPINE STAR/ MIGUEL DE GUZMAN

Figures provided by the BoI on Wednesday showed that this year’s investments are 11% higher than the P655.4 billion approved investments in 2021. Trade Undersecretary Ceferino S. Rodolfo said that the BoI is aiming to generate P1 trillion worth of investments for 2023. The BoI said the approved investments are projected to generate 260,000 jobs. The investments were poured into the power and information and communication sectors.

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