INVESTMENT pledges approved by the Board of Investments (BoI) increased by 24 percent to P312.8 billion in the first seven months of the year from P252.32 billion in the same period in 2018.

In a statement on Tuesday, the BoI said approved foreign investments as of end-July reached P69.6 billion, up 348 percent from last year’s amount, while local investments rose by 2.7 percent to P243.2 billion.