The Board of Investments (BOI) has greenlit an additional P26.43 billion in new investment projects, with 13 proposals receiving approval as the agency pushes toward its year-end target for 2025.
These projects are expected to generate 2,632 jobs across the country, primarily spanning renewable energy, information technology and business process management (IT-BPM), and mass housing.
Renewable energy accounts for the majority of the new capital, totaling more than P23 billion for large-scale solar and wind power initiatives.
These clean energy projects are slated to add over 320 megawatts of generation capacity to the national grid.
The IT-BPM sector also saw significant expansion, with approvals for new service export operations and delivery facilities in key urban areas in Luzon.
These facilities, focusing on areas like global human resources solutions and remote staffing, are projected to create approximately 2,300 jobs, making it the largest contributor to employment from the batch of approvals.
Mass housing projects also secured nearly P1.8 billion in approved investments, which is expected to support roughly 200 jobs in construction and related industries.
A manufacturing expansion in the food sector, aimed at bolstering local agro-processing, rounds out the list of approved projects.
Trade Secretary Cristina Roque, who co-chairs the Department of Trade and Industry (DTI)-BOI, emphasized the projects’ immediate benefits.
“Our work at the DTI-BOI ensures that investments deliver concrete benefits—new service centers, affordable homes, clean energy and expanded manufacturing,” Secretary Roque said.
“Each project creates jobs, opens opportunities and strengthens the economy, demonstrating that growth can be inclusive and sustainable.”
With the P26.43 billion in newly approved investments, the BOI’s total approved investments for the year now stand at P843.24 billion, across 261 projects.
However, the agency remains P156.76 billion short of its ambitious P1 trillion target for 2025.
Secretary Roque noted that the BOI is still finalizing several big-ticket proposals, including those previously estimated at over P1 trillion from 10 major projects, which are “undergoing rigorous evaluation and due diligence.”