Trade Secretary and BoI chairman Ramon Lopez said prospective investments could exceed the target with investors exploring opportunities in energy, infrastructure and agribusiness. “Investors are banking on the construction boom as a result of the “Build, Build, Build” infrastructure program of the government, and to sustain this, they are also looking at the energy requirements to get this done,” he added. Trade Undersecretary Ceferino Rodolfo said registered construction and public private partnership projects reached P127.7 billion in the eight-month period, up 300 percent from a year ago. The real estate sector remained robust with committed investments of P72.8 billion, up 113 percent from P34.1 billion on year. Approved projects reached 299, up by 30 percent from 230 in 2016.

Source: The Standard September 14, 2017 11:37 UTC