Marcos' overseas trips yield P427-B foreign investments—DTI
President Marcos’ foreign trips have so far yielded a total of P427 billion in foreign investment approvals by the Board of Investments (BOI), Department of Trade and Industry (DTI) Undersecretary and BOI Managing Head Ceferino Rodolfo said on Tuesday, Oct. 17. (Video Courtesy of RTVM)
READ: https://mb.com.ph/2023/10/17/marcos-foreign-trips-yield-p427-b-foreign-investments-dti
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READ: https://mb.com.ph/2023/10/17/marcos-foreign-trips-yield-p427-b-foreign-investments-dti
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NewsTranscript
00:00 If we look at the foreign component, the total approved registrations in the BOI amount to
00:11 Php 427 billion.
00:14 If you compare that to the same period of last year, it's actually a Php 4,150 percent
00:24 increase.
00:25 So if we look at where the presidential visits have a direct impact, it's actually in the
00:32 foreign investments portion of the approvals of the Board of Investments.
00:37 And I also include, for example, the foreign approvals of PESA and other IPAs.
00:43 [ Silence ]