The Department of Trade and Industry (DTI) said Friday it will strive to drive a robust investment pipeline to solidify the country’s position as a premier global investment hub.
It said the Foreign Trade Service Corps (FTSC) engaged with investors on 247 projects estimated at $76 billion as of January 2025.
Around 51 projects reached advanced stages, of which 28 companies either registered with the Securities and Exchange Commission (SEC) or were working with investment promotion agencies. About 23 started commercial operations.
The investments span critical industries including manufacturing, IT-BPM, renewable energy, data centers, retail, agriculture and telecommunications.
Aligned with the administration’s economic agenda, the FTSC plays a crucial role in converting high-level trade and economic missions into job-generating investments.
The agency not only facilitates business entry, but also ensures commitments translate into tangible economic benefits.
The Philippine Trade and Investment Centers (PTICs) assisted over 1,900 exporters, helping local companies and MSMEs access new markets and secure international buyers in 2024.
The agency also engaged 2,600 potential foreign investors, offering market intelligence, business-matching services and direct facilitation support to drive high-value investments into the country.
FTSC actively participates in bilateral, regional and multilateral negotiations on key issues such as e-commerce, investment facilitation and supply chain resilience, strengthening industry supply chains and exploring new economic cooperation opportunities worldwide.
To expand its global reach, the DTI-FTSC opened new offices in Toronto, Madrid and Riyadh, increasing its network to 29 PTICs across 21 countries.
“The success of ‘Bagong Pilipinas’ is a shared mission. We are open for business, ready to welcome high-value investments, and committed to driving innovation. Together, we are creating opportunities that uplift our people and propel the Philippine economy toward sustained growth,” said DTI Secretary Cristina Roque.