Published December 11, 2020, 7:00 AM
The Board of Investments (BOI) expects to sustain its P1 trillion investment generation level next year and growth in exports albeit at a slower pace.
Trade and Industry Secretary Ramon M. Lopez, who is also chair of the BOI, said that despite the challenges of the pandemic, the government’s premier investment generating and promotion agency is still seeing significant inflows.
Trade and Industry Secretary Ramon M. Lopez (Bloomberg file photo)
“Investment approvals have already reached US$15B so far this year and we expect more than a P1 trillion or over $20 billion by 2021 with potentially over 34,000 jobs generated,” he said at the Manufacturing Summit.