MANILA (Xinhua): The approved investment projects in 2023 amounted to 1.26 trillion pesos (US$22.5 billion) in 2023, 73 per cent higher than in 2022, Philippine Department of Finance (DOF) said on Sunday.
Citing an updated report of Board of Investments (BOI), the DOF said in a press release that the approved investments comprised 311 projects, mainly on renewable energy, telecommunication infrastructure, and the export of copper, gold, and other metals.
Already a subscriber? Log in
Get 20% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
