BoI OK is more promises from May

AFP

THE INVESTMENT BOARD (BoI) approved nearly a fifth of the most committed investments in the five months to May there a year ago, with foreign commitments The BoI is the largest contributor to the Philippine and foreign investment pledges approved by various state promotion agencies, accounting for 82.2% of the total. available from the Philippine Statistical Authority, the total of 184.987 billion euros amounted to 152.188 billion Philippine pesos.

In terms of foreign direct investment commitments (FDI BoI was the second largest contributor, BoI said in its press release on Thursday that it had approved 29% of FDI commitments over 7 billion pesos in May, against 5.38 billion pesos the same month in the first five months of 201 7, drive overal the increase in the value of local and foreign project registrations up 18.92% to 207.48 billion pesos, against 174.472 billion pesos during the same five-year comparative periods.

BoI ranked Japan as the largest contributor to FDI in the first five months. P2.645 billion, followed by Italy with 485 million, China with 472 million, the United States with 463 million and Hong Kong with 208.82 million.

The increase in investment registrations in the first five months was fueled by energy and energy projects (106.552 billion pesos), transportation and storage (39.817 billion pesos), the manufacturing sector (19.358 billion), real estate (14.535 billion) and water supply (13.872 billion). – JCL