Published December 24, 2020, 7:00 AM
Board of Investments Managing Head Ceferino S. Rodolfo has conceded that approved investment commitments in 2020 would fall short of its goal for another P1 trillion mark for the – year.
In a briefing with the BOI press, Rodolfo said that as of their latest Board meeting they are still at P950 billion level. There are other projects worth P68 billion though could be approved on December 28, the BOI’s last Board meeting for 2020, that would bring year-end total to P970 billion or P30 billion off target.
Board of Investments Managing Head Ceferino S. Rodolfo
Rodolfo also said that P68 billion for approval projects still need endorsement from other government agencies.