BOI reports 24% growth in 7-month investment pledges

Investment pledges registered by the Board of Investments (BOI) amounted to nearly P313 billion as of July, a 24-percent increase from the level in the same period last year.   In a statement on Tuesday, the BOI said it had approved P312.8 billion worth of projects in the first seven months of the year, a jump from P252.32 billion registered in the comparative period in 2018.   Local pledges still accounted for the bulk of the commitments at P243.2 billion, a 2.7-percent improvement from year ago level.   Foreign investment pledges, on the other hand, grew by 348 percent to P69.6 billion.   The majority of the approved investments, or 96.25 per...

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