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BOI investment pledges surged 64% as of April
The value of investment pledges approved by the Board of Investments (BOI) surged by 64 percent to P117.3 billion in the first four months of the year, reflecting the continued confidence of investors in the Philippines.Trade Secretary Adrian S. Cristobal Jr. and Trade Undersecretary Ceferino S. Rodolfo said in a briefing Wednesday that the significant growth in investment approvals was driven by infrastructure and energy projects.Among the big ticket projects noted in the first four months of the year were the P16.7-billion project reg... Philippine construction works seen growing over 50% by 2020
Construction activities across the country are expected to remain busy in the next four years, with the local construction industry seen growing more than half by 2020.A report by London-based Timetric’s Construction Intelligence Center (CIC) showed the Philippine construction industry is seen to grow to $47 billion by 2020 from $30.2 billion last year on a compound annual growth rate of 9.22 percent.According to the report, the rate of construction growth in the Philippines will remain relatively high until 2020, fueled by greater fo... SMC unit to construct industrial park in Bataan
A SAN Miguel subsidiary will start construction of an industrial park in the Freeport Area of Bataan, which will also be the site of a 600-megawatt power plant of San Miguel Energy Corp. (SMEC), said the chairman and administrator of the Authority of the Freeport Area of Bataan (Afab).“There’s an expansion by E-Fare [a San Miguel subsidiary] of around 500 hectares. They want to convert this into an industrial park,” Afab Chairman and Administrator Deogracias GP Custodio said in an interview with reporters on Tuesday.Among the firs...
IRO Message
Dear IRO stakeholders, 
We are pleased to send you a copy of the maiden issue of the Investor Relations Office’s (IRO’s) newsletter, ECONOMYPH. -
The newsletter, which we intend to be distributed on a quarterly basis, aims to provide regular updates on the Philippines’ economy. 
Besides reports on latest statistic...
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