For this year, Trade Secretary Alfredo Pascual said the BOI projects to exceed total investments approved in 2023, even as the agency's official commitment or target for investment approvals for 2024 is at P1.1 trillion.
Trade Undersecretary and BOI managing head Ceferino Rodolfo, in a press conference, said that total approved investments in 2023 hit P1.26 trillion, the highest on record and 73 percent higher than the P729.1 billion in 2022.
This figure also exceeded the P1.151 trillion target approved by all investment promotion agencies for 2023 and the BOI's official goal of P995.59 billion for last year.
Pascual clarified that the BOI's official goal or commitment for approved investments in the 2023 National Expenditure Program is at P995.59 billion, while the P1.5 trillion cited earlier in reports was an "aspirational" and "internal" target of the agency.
This story is from the January 08, 2024 edition of The Philippine Star.
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This story is from the January 08, 2024 edition of The Philippine Star.
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