BOI sets P1 trillion investment approvals target for 2026

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February 15, 2026 | 12:00am

MANILA, Philippines — The Board of Investments (BOI) is aiming to approve P1 trillion worth of investments this year.

In a statement, BOI chair and Trade Secretary Cristina Roque said the agency has set an investment approvals target of P1 trillion for this year.

This year’s goal, however, is lower than the P1.56 trillion worth of investments approved by the BOI last year.

Roque said the BOI expects this year’s investment registrations to be driven mostly by projects involving mineral processing, infrastructure and high-value manufacturing.

“As these typically have lower investment costs per project than RE (renewable energy), we are therefore targeting a lower BOI registration this year,” she said.

Last year, RE projects accounted for the bulk of BOI investment approvals.

“For RE and also as a matter of overall strategy across sectors, we will prioritize ensuring that previously registered projects are fully implemented towards commercial operations,” Roque said.

Investments for projects registered with the BOI qualify for fiscal and non-fiscal incentives.

Investments approved by the BOI last year fell short of the agency’s P1.75 trillion target.

Last year’s BOI investment approvals were also below the record-high P1.62 trillion worth of investment registrations in 2024.

Despite missing the investment approvals target and declining from 2024’s level, last year’s performance was the second consecutive year that BOI-approved investments breached P1.5 trillion.

Last year, total investments approved by investment promotion agencies, including the BOI, amounted to P1.92 trillion, slightly lower than the P1.96 trillion recorded in 2024.