President Ferdinand Marcos Jr.’s recent visits to five countries have yielded $23.6 billion in investment pledges, Malacañang said, citing the year-end accomplishment report of the DTI. | DYGalvezINQ
Under the Corporate Recovery and Tax Incentives for Enterprises Act, the BOI’s approved projects as of August this year stand at P46.7 billion, with the investment promotion agency also assisting 1,994 investors wanting to do business in the country.
The BOI also generated 90 foreign investment leads with an estimated value of P204.9 billion that could create 98,393 local jobs, Malacañang said. According to the Palace, the DTI also reported $17.7 billion worth of exports in services, up by 13.5 percent from the previous record.The DTI also assisted 3,922 exporters.
“The department indicated that the country’s investment and exports are expected to rebound next year as a result of the passage of the Public Service Act and CREATE Act,” the OPS said.
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