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Investment approvals in Philippines soar to 27.4 bln USD in 2024

MANILA, Dec. 20 (Xinhua) — The Philippine Board of Investments (BOI) said it has approved 1.62 trillion pesos (roughly 27.4 billion U.S. dollars) worth of investments as of Tuesday, the highest level of investment approvals in the BOI’s 57-year history.

This year’s approvals reflected a 28-percent growth compared to that in the same period of 2023, the BOI, the lead investment promotion agency of the Department