Investment Pledges Expected to Improve by 5% in 2016

The Board of Investments (BOI) expects approved investment pledges this year to exceed its five percent growth target. Approved investment pledges from January to April this year surged 64 percent to P117.3 billion from P71.6 billion in the same period last year. Of these investments, 84 percent came from local companies while 16 percent were from foreign firms. In 2015, investment pledges improved three percent from P354.76 billion…

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