The Board of Investments (BOI), the premier investment promotion arm of the Department of Trade and Industry (DTI), said it is nearing the P1 trillion mark in approved investments this year, although it remains short of its P1.75 trillion target.

In a statement on Tuesday, the DTI-BOI management committee endorsed a combined investment value of P124.81 billion, expected to generate 4,444 jobs nationwide, subject to confirmation by the BOI Board.

With the latest endorsements, total BOI-approved investments for the year have reached P977 billion, reflecting strong investor confidence and the government’s sustained efforts to position the Philippines as a regional hub for smart and sustainable investments.

The projects span a wide range of priority sectors, including renewable energy, infrastructure, transport and logistics, IT-BPM services, housing, manufacturing, and tourism-related developments, underscoring broad-based economic activity as the year draws to a close.

A significant portion of the total investment value is attributed to large-scale clean energy projects, including wind, solar, waste-to-energy, and battery energy storage facilities across Luzon and the Visayas.

These projects are expected to contribute substantially to the country’s power supply while advancing national goals on energy security, sustainability, and climate resilience.

The endorsed list also includes key transport and connectivity investments, such as new-generation aircraft for domestic and international routes and maritime transport assets that will strengthen inter-island mobility, trade, and tourism.

Meanwhile, IT-BPM and digital services projects across Metro Manila, Central Luzon, the Cordilleras, and Cebu are projected to generate the bulk of employment, creating thousands of high-quality jobs in customer support, technical services, remote staffing, and managed services. These developments reinforce the Philippines’ standing as a leading hub for global services.

Complementing these are housing and real estate projects across multiple regions, which will expand access to affordable and economic housing while generating employment in construction and allied industries. Leisure and recreation facilities included in the list are likewise expected to stimulate local economic activity and support community development.

“The steady flow of investments endorsed by the BoI shows that we remain fully engaged in creating jobs and sustaining economic momentum. We are working relentlessly to ensure that investments translate into opportunities for Filipino workers and communities,” Trade Secretary Cristina Roque said.

While still short of the target, Roque said the BOI continues to evaluate several high-value projects currently in the pipeline and undergoing due diligence, which could further boost the country’s overall investment performance.