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The Department of Trade and Industry on Tuesday said that the approved investment commitments this year, through the Board of Investments , exceeded the target set by the Marcos administration.In a statement, the DTI reported that investment pledges approved by the BOI totaled P1.62 trillion, surpassing the P1.5-trillion target for 2024.The amount is also higher than the P1.26-trillion worth of investments approved by the BOI last year.
It added that other sectors which recorded the biggest increase include air and water transport, real estate activities , manufacturing, water supply, sewerage, waste management, and remediation activities.Meanwhile, the Philippine Economic Zone Authority recorded P214.17 billion in approved investment pledges, surpassing the P200 billion target for the year.Trade Secretary Cristina Roque said these investments will fuel job creation, drive innovation, and foster dynamic economic progress.
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