INVESTMENT approvals by the Board of Investments (BoI) surged to P950 billion in the first six months of 2024, a result said to be the highest six-month tally in the agency's 57-year history.

The investment pledges — 36 percent higher than the P698 billion recorded a year earlier — moved the BoI closer to achieving the 2024 target of P1.5 trillion approved investments, Trade Undersecretary and BoI managing head Ceferino Rodolfo said on Thursday.

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