Innovation, competitiveness generating more jobs — DTI

More jobs will be created through innovation and competitiveness while ensuring fair prices and consumer protection in the digital marketplace, Trade and Industry Secretary Cristina Roque said.

“We believe that these initiatives will pave the way for a more inclusive and prosperous Philippines. With your continued support and our unwavering dedication, we are confident that 2025 will be another year of growth, innovation, and shared success,” Roque said in her New Year’s message.

For 2024, the DTI surpassed its targets done by its attached investment promotion agencies, the Board of Investments and the Philippine Economic Zone Authority.

The DTI reported that investment pledges approved by the BoI totaled P1.62 trillion, exceeding the P1.5-trillion target for 2024.

The energy sector, specifically the renewable energy projects, recorded the biggest uptick in approvals, totaling P1.38 trillion, up 40 percent year-on-year.

New projects grow

PEZA, on the other hand, hit P214.17 billion in approved investment pledges, beating the P200-billion target for 2024.

“We have made significant strides in our programs last year. From helping small businesses access digital tools and financing, to promoting consumer protection and fair-trade practices, to attracting international investments and supporting MSME development, we have worked tirelessly to empower you, the Filipino people. These initiatives have not only strengthened our industries but have also opened doors for countless individuals to pursue their dreams and secure a brighter future,” according to Roque.