BOI approves P26B investments, still short to meet targets
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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 approved investments from January to November this year.
The P816.81 B approved investments are a 48.4 percent decline against the P1.58 trillion investment approvals made in the same period last year.
However, the said numbers remain petty to attain the P1.75 trillion of investment approvals target for this year.
According to BoI chairperson, Trade Secretary Cristina Roque, the P26.43 billion new investments cover 13 projects, poised to generate 2,632 jobs nationwide.
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 ManCom 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.
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.
Last on the list is a new manufacturing expansion in the food sector, which will support local agro-processing and generate more employment opportunities in production and logistics.
“Our work at the DTI-BOI ensures that investments deliver concrete benefits—new service centers, affordable homes, clean energy, and expanded manufacturing. Each project creates jobs, opens opportunities, and strengthens the economy, demonstrating that growth can be inclusive and sustainable,” Secretary Roque said.
However, Roque clarified that the list of projects approved by the BoI ManCom does not yet include several big-ticket investments previously announced, as these are still undergoing rigorous evaluation and due diligence.
The major projects, once endorsed by the Board, are expected to provide an even stronger boost to the country’s investment performance.
