Trade Secretary Alfredo E. Pascual said the potential investment leads being processed by the Board of Investments (BOI) looks promising and may allow the agency to meet its targets before mid-year. Know more:
TRADE Secretary Alfredo E. Pascual said the potential investment leads being processed by the Board of Investments looks promising and may allow the agency to meet its targets before mid-year.
The BOI said it has recently approved P414.3-billion worth of investments for January 2023 alone, “surging” by 142.9 percent compared to the same period in 2022 when it recorded P170.5 billion. As for the source of investments from January to February 9, 2023, the BOI said the “bulk” of foreign capital is from Germany with P157 billion. This is followed by Netherlands with P2.7 billion, Japan with P524 million, the United States with P509 million and the United Kingdom with P194 million.
“With investment prospects being very positive, and as we continue to receive serious interest from global investors, we are definitely on track to meeting our annual investment target of P1 trillion,” Pascual said.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trade, security top issues as African leaders meetAfrican leaders gather Saturday in Addis Ababa for an annual summit, aiming to jumpstart a faltering trade deal while also focusing on the continent&39;s most pressing challenges, including armed conflict and a worsening food crisis.
Read more »
Galvez introduced as defense OIC at PMA homecoming; who will Marcos' choice be?More than a month over a dramatic and messy few weeks that saw changes in three of the country’s top defense and security posts, President Ferdinand Marcos Jr.’s first full-time defense chief doesn’t appear to be his final choice. InsideTrack
Read more »
DTI on China laser-pointing: Geopolitics, business can't be separatedThe Department of Trade and Industry (DTI) said Saturday that Chinese investments and trade with the Philippines had continued amid the territorial tensions between both countries.
Read more »
Ore processors seek clearcut policy first | Andrea E. San JuanTHE Philippine mining industry should first have a “clear cut” policy before it can attract investments into nickel processing, according to officials of the Department of Trade and Industry (DTI). DTI Special Trade Representative (STR) for Philippine Trade and Investment Center (PTIC) in Tokyo, Bernardita A. Mathay told reporters at…
Read more »
Trade dept counts on European Chamber of Commerce of the Philippines’ support for resumption of PHL, EU FTA talks | Andrea E. San JuanThe Department of Trade and Industry (DTI) is hoping that the European Chamber of Commerce of the Philippines (ECCP), along with European companies, will assist in pushing for the resumption of the Philippines-European Union Free Trade Agreement (PH-EU FTA) negotiations. “The DTI would appreciate ECCP’s unified effort in pushing for the…
Read more »
DILG orders manhunt to find suspects in gun attack on Lanao del Sur guvMANILA, Philippines — Department of Interior and Local Government Secretary Benjamin Abalos Jr. on Saturday directed the Philippine National Police (PNP) to launch manhunt operations to find the
Read more »