Investment approvals hit record P640B

Investment approvals hit record P640B – BoI

By Janine Alexis Miguel

Jun 18, 2024 12:32 am

THE Board of Investments (BoI) approved investments totaling P640.22 billion as of end-May, a result said to be the highest five-month tally in the agency's 57-year history.

The investment pledges, which were 14-percent higher that the P562.90 billion recorded a year earlier, were overwhelmingly from Filipino investors and mostly comprised renewable energy and power projects, the BoI said.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

Poll: Inflation up slightly in Dec

Inflation, other data could lift sentiment

Fed officials say job not done on inflation

GOCC subsidies hit P12.23B in Nov

Moratorium on e-money companies lifted by BSP

Cheaper Korean cars, parts seen

BCDA gross revenues up 3% to P11.3B in 2024