Investment pledges at the Board of Investments surged by 44 percent to P1.58 trillion in the first 11 months of 2024 from P1.1 trillion a year ago.“Reaching P1.58 trillion in investment approvals within 11 months is a clear testament to our government’s success in fostering a stable and attractive investment climate. These investments will create jobs, support local enterprises, drive innovation, and contribute to national progress,” said Trade Secretary Ma. Cristina Roque.
The water supply and waste management sector recorded the highest growth, surging by 1,540 percent from last year. The CALABARZON region emerged as the top recipient, attracting P623.19 billion, followed by Central Luzon with P277.08 billion and Western Visayas with P245.95 billion. The top investment promotion agency is optimistic about emerging opportunities in electric vehicles, semiconductors, smart manufacturing, renewable energy, and data center infrastructure, signaling continued momentum for the Philippine economy.
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