Investment Pledges Rise at Start of 2018, says DTI

It's a good news for the country's economy as Department of Trade and Industry (DTI) recently revealed that investment pledges via the Board of Investments (BOI) increased by 538% last month.

Park-Inn Davao

The investment pledge of P51.3 billion bolsters Philippine prospects by more than six-fold from P 8 billion January of last year.

Cavite, Davao, and Nueva Ecija emerged to benefit the most with the following figures and accounting 78% of the approved projects;

• Cavite was the top recipient of projects with six ventures valued at P17.9 billion
• Davao gained two projects valued at P13.6 billion
• Nueva Ecija got a solar project valued at P8.6 billion.

Cebu Bridge / Infrastructure

Complementing these good news are tax revenue-funded lined-up government projects and plans until 2022 with a projected spend of over P8 trillion.

May this 'Golden Age of Infrastructure' for the Philippines continue!