Trade Undersecretary and BOI managing director Ceferino Rodolfo said the agency was expecting an additional P18 billion worth of projects for approval by end-July. “We still have more projects in the pipeline worth around P18 billion and is expected to be approved before July ends,” he said. Trade Undersecretary and Board of Investments managing head Ceferino Rodolfo (left) and BoI executive director for Industry Development Service Ma. Total employment to be generated upon full operations of approved projects reached 56,056, or 50 percent higher than 37,487 jobs created in the same period last year. The recent approval of P79 billion MRT-7 project of San Miguel Corp. lifted the investment registration projects this year.

Source: The Standard July 16, 2017 12:45 UTC