BOI investment approvals hit P1.07 trillion

SunStar Publishing Inc.

THE Philippine Board of Investments has officially reached the P1 trillion mark of investment approvals from January to October this year, after approving the new offshore wind power projects of Copenhagen Infrastructure New Markets Fund Corporation valued at P329.74 billion.This translates to an 86 percent growth from last year’s P576.21 billion for the same period, according to the BOI.

07 billion. Notably, this substantial commitment was primarily directed towards diverse projects in solar, wind, hydropower, and biomass, highlighting the sector’s growing prominence.The information and technology sector demonstrated strong growth, securing approvals totaling P95.51 billion. Transportation and storage, particularly in water transport, also made a significant impact with P21.27 billion in approved investments.The manufacturing sector also featured projects valued at P16.

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