BoI targets fresh investment record

The Board of Investments (BoI) is aiming to approve P680 billion worth of investments this year, 10 percent higher than last year’s record P617 billion, a senior Trade department official said on Monday.

“We are targeting P680 billion [in] investments this year. We continue to collaborate and monitor those investors who have expressed interest to invest in the Philippines, particularly the big industrial projects coming from the presidential visits [abroad],” Trade Undersecretary and Board of Investments (BoI) managing head Ceferino Rodolfo told reporters.