The Board of Investments (BOI) has achieved 40-percent of its P1-trillion investment target in over a month, its undersecretary Ceferino Rodolfo said.
In a statement released by the Presidential Communications Office yesterday, Rodolfo at the PCO Forum on Saturday, said BOI as of February 9 registered P414 billion.
Rodolfo expressed confidence the agency would hit the target following the aggressive promotional strategy of the government.
He said based on the DTI’s tracking, investment pledges from Japan amount to around $10 billion or between P500 billion an P550 billion.
“One businessman said the Japanese investors are all the more really encouraged to invest in the Philippines because they really see the hard work that the President has put into promoting the Philippines. So that is a good news for everyone),” he said.
He said those which registered with BOI are interested mostly in export manufacturing.
He said other companies that see very strong Philippine opportunities also register with the Philippine Economic Zone Authority , Clark Development Corp. and the Authority of the Freeport Area of Bataan. – Jocelyn Montemayor
