After hitting record-high investment approvals in 2019, the Board of Investments (BOI) is optimistic about recording the second-highest investment approvals this year in the agency’s history despite the coronavirus disease 2019 (Covid-19) pandemic.
At the launch of the Make It Happen in the Philippines international marketing campaign on Tuesday, Department of Trade and Industry (DTI) Undersecretary and BOI managing head Ceferino Rodolfo said the agency has approved PHP826 billion worth of investment projects from January to October this year.
Rodolfo said the investment promotions agency remains on track to reach the PHP1-trillion mark on investment approvals this year.