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BOI eyes P1.75-T investment approvals next year
The Philippine Star
|December 21, 2024
The Board of Investments (BOI) is aiming to set a new record next year with its goal of approving P1.75 trillion worth of investments, following this year's all-time high investment approvals.
"Initially we are targeting P1.75 trillion," BOI director for International Investments Promotion Service Lanie Dormiendo said in a press briefing yesterday when asked for an outlook on investment approvals for 2025.
The BOI's investment goal for next year is eight percent higher than this year's P1.62 trillion, the highest level of investments approved by the agency since its establishment.
Investments approved by the BOI jumped by 28 percent this year from P1.26 trillion in 2023.
Dormiendo said the BOI still expects renewable energy (RE) projects to dominate the agency's investment approvals next year.
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