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The Manila Times Internet Edition | BUSINESS > 2006 investment pledges for Philippines exceed goal

INVESTMENT pledges for the Philippines rose by double digits to surpass last year’s target, the Department of Trade and Industry said, adding the growth reflected investors’ confidence in the domestic economy due to the government’s improving fiscal position.

Commitments to establish new or expand existing business ventures in the country jumped to P274 billion, an 18.5-percent increase from the P231 billion in investment pledges the government registered in 2005.

Trade Secretary Peter B. Favila said the Board of Investments (BOI) and the Philippine Economic Zone Authority (PEZA) exceeded their combined 2006 target of P254 billion, as actual pledges were 8 percent more.

This entry was posted on Wednesday, January 24th, 2007 at 12:42 pm and is filed under Cebu Success Story, Events, Main. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.