Foreign investment approvals down 72 8% to P75 6B inquirer.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inquirer.net Daily Mail and Mail on Sunday newspapers.
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Published December 11, 2020, 7:00 AM
The Board of Investments (BOI) expects to sustain its P1 trillion investment generation level next year and growth in exports albeit at a slower pace.
Trade and Industry Secretary Ramon M. Lopez, who is also chair of the BOI, said that despite the challenges of the pandemic, the government’s premier investment generating and promotion agency is still seeing significant inflows.
Trade and Industry Secretary Ramon M. Lopez (Bloomberg file photo)
“Investment approvals have already reached US$15B so far this year and we expect more than a P1 trillion or over $20 billion by 2021 with potentially over 34,000 jobs generated,” he said at the Manufacturing Summit.
Approved Foreign Investments Reached PhP 31 0 Billion in Third Quarter 2020 | Philippine Statistics Authority psa.gov.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from psa.gov.ph Daily Mail and Mail on Sunday newspapers.