The Board of Investments (BoI) on Friday said it approved P26.43 billion worth of investments following a recent management committee meeting this month, adding to the P816.81 billion already approved investments from January to November this year.

The P843.24 billion in investments approved c by the SEC is a 48.4 percent decline against the P1.58 trillion investment approvals the agency made in the same period last year. This remains short in attaining SEC’s target of P1.75 trillion in investment approvals for 2025.

According to BoI chairperson, Trade Secretary Cristina Roque, the P26.43 billion new investments cover 13 projects, poised to generate 2,632 jobs nationwide.

Newly-registered IT-BPM service export operations

A substantial share of the job generation comes from newly registered IT-BPM service export operations, which will open additional service delivery centers across key urban locations in Luzon.

These facilities, ranging from global human resource solutions to remote staffing and business process services, are expected to create more than 2,300 quality jobs, strengthening the Philippines’ role as a competitive hub for global services.

Roque said the BoI management committee also approved new mass housing developments, which will expand the availability of affordable homes for Filipino families.

These housing projects, representing nearly P1.8 billion in combined investments, are projected to generate close to 200 jobs in construction and related industries.

Solar, wind projects boost RE capacity

The country’s renewable energy capacity will likewise benefit from the approval of large-scale solar and wind power projects, totaling over 320 megawatts in new generation capacity.

These investments, amounting to more than P23 billion, will contribute to the Philippines’ clean energy transition and long-term energy security, in line with the Renewable Energy Act of 2008.