BOI projects increase over 4-fold in 2 months

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April 6, 2026 | 12:00am

MANILA, Philippines — The Board of Investments (BOI) approved P47 billion worth of investments for 35 projects in the first two months of the year.

In a statement yesterday, the BOI said that the number of approved projects in the January to February period jumped by 338 percent from just eight projects in the same period last year.

The comparative investment figure in the January to February period last year was not immediately available yesterday.

Of the total investments, foreign investments surged by 943.4 to P3.1 billion in the January to February period from the same period last year.

The energy sector, including renewable energy, accounted for the bulk of approved investments with P22.4 billion or 47.7 percent of total approved investments in the January to February period.

“Notably, the significant investments in renewable energy will play a crucial role in strengthening our energy security amid current challenges, while accelerating the country’s transition to a more sustainable and resilient energy future,” Trade Secretary and BOI chair Cristina Roque said.

Other major sectors that showed strong investment approvals during the same period were accommodation and food service activities, which attracted P7.6 billion (16.1 percent share), followed by real estate activities or mass housing with P6.4 billion (13.7 percent share), manufacturing with P5.3 billion (11.4 percent) and transportation and storage with P3 billion (6.4 percent).

Singapore was the leading source of foreign investments with P1.8 billion or 55.2 percent of total approved foreign investments during the period.

This was largely driven by the 85 percent Singaporean-owned Intramuros Solar Energy Corp., with a foreign investment share of P1.7 billion.

Other top sources of BOI-approved foreign investments were China (16.8 percent),  Canada (6.5 percent), Australia (6.3 percent) and the United States (five percent).

In terms of location, Central Luzon received the largest share of approved investments with P21.5 billion.

This was followed by Central Visayas with P8.2 billion, National Capital Region (NCR) with P4.5 billion, Ilocos Region with P3.7 billion and Mimaropa with P2.9 billion.

For February alone, the BOI-approved investments rose by 27.2 percent to  P36.5 billion from P28.7 billion in the same month last year.

The approved investments in February are for 21 projects, up from six projects in the same month in 2025.

Renewable energy accounted for 55.9 percent or P20.4 billion of total approved investments in February.

In terms of location of investments, Central Luzon was the top destination in February with P21.5 billion, followed by the NCR with P4.2 billion and the Ilocos Region with P3.5 billion.