APPROVED investment pledges hit P1.15 trillion as of end-July, the Board of Investments (BoI) said on Friday, surging by 65 percent from P699 billion a year earlier.

The agency, which is targeting P1.6 billion in approvals this year, said the trillion-peso mark was topped via renewable energy (RE) and agribusiness projects and investments from a US equity fund and a major food conglomerate, among others.

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