The Board of Investments (BOI) said it approved 35 projects worth P47 billion from January to February 2026, up 338 percent from the eight projects recorded in the same period last year.
Foreign investments led the growth, surging 943.4 percent to P3.1 billion from P300 million a year earlier as international interest in the country strengthened.
Department of Trade and Industry Secretary and BOI chairman Ma. Cristina Roque said the performance reflects sustained confidence in the country’s investment climate and strong support for priority sectors.
“The strong increase in BOI-approved projects reflects growing investor confidence in the Philippines and the continued inflow of high-value investments that support our economic priorities. Notably, the significant investments in renewable energy will play a crucial role in strengthening our energy security while accelerating the transition to a more sustainable and resilient energy future,” Roque said.
The energy sector, including renewable energy, dominated approvals with P22.4 billion, accounting for 47.7 percent of the total.
Other major contributors included accommodation and food service activities at P7.6 billion, real estate and mass housing at P6.4 billion, manufacturing at P5.3 billion and transportation and storage at P3 billion.
Singapore emerged as the top source of foreign capital at P1.8 billion, or 55.2 percent of foreign totals, led by Intramuros Solar Energy Corp. China followed with P500 million, while Canada, Australia and the United States each contributed approximately P200 million.
Central Luzon led with P21.5 billion in investments, followed by Central Visayas with P8.2 billion and the National Capital Region with P4.5 billion. The Ilocos Region and MIMAROPA recorded P3.7 billion and P2.9 billion, respectively.
Monthly data showed that January approvals reached P10.5 billion. In February, the BOI approved P36.5 billion across 21 projects, a 27.2 percent increase from P28.7 billion in the same month in 2025. Renewable energy accounted for P20.4 billion of the February total.
The BOI said the results highlight growing opportunities in priority sectors such as electric vehicles, smart manufacturing, semiconductors, high-tech agriculture and data centers.
