CRISTINA A. ROQUE : “We are laying the foundation for sustained and inclusive economic growth, transforming the Philippines into Southeast Asia’s hub for smart and sustainable manufacturing and services.”
While BOI still expects renewable energy projects to occupy a huge chunk of the investment pledges pie next year, Dormiendo noted: “But we’re beefing up our promotion initiatives to be able to register manufacturing and other sectors such as semiconductors. Hopefully we’ll be able to bring in companies that are into mineral processing, those high-value manufacturing.”
The P1.6-trillion investment pledges greenlighted by the BOI this year is 28 percent higher than the P1.26 trillion recorded in the same period in 2023. Meanwhile, Local Investments have posted a 150-percent uptick, with Filipino companies contributing P1.23 trillion worth of investments. Trade Secretary and BOI Chairman Cristina A. Roque said these investments will “fuel job creation, drive innovation, and foster dynamic economic progress.”