Daily News

BOI investment pledges up 126%

Big-ticket infrastructure projects in telecommunications have driven the pledges under the Board of Investments (BOI) to P609 billion as of August, inching closer to its a trillion-peso year-end target. BOI’s investment pledges in the first eight months of the year went up 126% from the P269.3 billion registered in the same period last year. The big-ticket projects in August included the P141-billion venture of ISOC Asia Telecom Towers Inc. to build 25,000 cellular towers.