In a statement yesterday, the BOI said it approved P97.9 billion worth of projects in the first month of the year, up from P51.3 billion in January last year. Investments approved in January are for projects in energy, information and communications technology, manufacturing and healthcare. Bulk of investments approved last month are from domestic sources which reached P87.2 billion, up 70 percent from P51 billion in the same month last year. Japan was on second place with P202.1 million worth of investments, followed by South Korea with P102.4 million. Last year, investments approved by the BOI hit an all-time high of P907.2 billion, 47 percent higher than the previous record of P617 billion in 2017.

Source: Philippine Star February 11, 2019 16:01 UTC