MANILA, Philippines — Investment approvals by the Board of Investments (BOI) soared to an all-time high this year, surpassing by nearly a quarter the full year target of P500 billion. This year’s investment pledges, meanwhile, came from a total of 426 projects mainly in infrastructure and power. The BOI has targeted an ambitious investment approval level of P500 billion for 2017 to mark the agency’s 50th founding anniversary. “We were happy then to just reach our P500 billion target. Real estate and mass housing projects reached P86 billion, while projects in the transportation and logistics sector were valued at P15.91 billion.

Source: Philippine Star December 18, 2017 16:41 UTC