Investment Pipeline Hits Over P4T

The Department of Trade and Industry (DTI) is tracking over P4 trillion worth of investment leads as it seeks to strengthen the country's position as a top destination for global investors this year.

- By Louella Desiderio

In a statement yesterday, the DTI - Foreign Trade Service Corps (FTSC) said it actively engaged with investors on 247 investment leads and projects valued at over P4 trillion ($76 billion) as of January.

Of these investment leads, 51 are in the advanced stages, with 28 companies having either registered with the Securities and Exchange Commission or working closely with investment promotion agencies to finalize their entry into the Philippines, while 23 have started commercial operations.

"These investments span key industries, including manufacturing, information technology and business process management, renewable energy, data centers, retail, agriculture and telecommunications," the DTI-FTSC said.