H1 agri project approvals hit P9.59B

By Janine Alexis Miguel

Jul 11, 2024 12:25 am

THE Board of Investments (BoI) reported an increase in the value of agricultural projects approved as of end-June, following the endorsement of projects by the Department of Agriculture (DA).

Projects under the farming sector totaled P9.59 billion in investments in the first half of the year. These projects, as endorsed by the DA, are classified as Tier 2 agri-based under the 2022 Strategic Investment Priority Plan and are in line with the Corporate Recovery and Tax Incentives for Enterprises Act.

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