BITC surpasses FDI attraction target

According to the investment agency’s 2014/15 annual report, foreign direct investment (FDI) companies raised P1.5 billion with business expansions contributing P1.4 billion and domestic investment valued at P238.4 million during the financial year.

Total capital investment was realised in several sectors including manufacturing, business and financial services, retail, automotive component manufacturing, agriculture, mining, engineering and construction.