Agri investments surge over 40% in H1 201
Local and foreign investments in agriculture, forestry, and fishing increased by 41.5 percent to P2.77 billion in the first half of the year from P1.96 billion in the same period last year.
The increase was P813.30 million, latest data from the Philippine Statistics Authority (PSA) showed.
Government-approved investments this year covered some P1.65 billion during the first quarter and about P1.13 billion in the second quarter.
Agriculture, forestry, and fishing accounted for 0.9 percent of the country’s P299.83 billion total approved foreign and local
investments in 19 industries during the first semester of 2018.
Approved investments refer to project cost or committed investments by foreign and Filipino investors, the PSA said.
“Filipino investments include all committed investments of Filipinos in wholly or partially owned companies,” it added. (PNA)