Investment projects approved by the Board of Investments (BOI) in January and February increased by 402.3 percent to P131.6 billion from P26 billion a year ago, which the agency attributed to continued investor optimism. According to him, the government could reach its target of P680 billion in committed investments this year after hitting P617 billion in 2017. Trade Undersecretary and BOI Managing Head Ceferino Rodolfo credited the government’s “Build, Build, Build” infrastructure program for the momentum of this growth. The program prompted the agency to approve projects to address its needs, according to him. So are the construction part, which leads to more cement production and the expansion of transport facilities,” Rodolfo said.

Source: Manila Times March 05, 2018 16:18 UTC