MANILA – The Board of Investments (BOI) expects around P1.12 trillion worth of new investment projects to register within the second semester of the year.
Some 65 projects amounting to P290 billion are undergoing check listing while another three major projects worth P832 billion are also in the pipeline and securing necessary documents for registration, the BOI said in a statement over the weekend.
Check listing is the first step in BOI registration where proponents have submitted required documents to signify their intent to apply for fiscal incentives.
“We are now entering a crucial implementation phase where many previously approved investments are being realized on the ground. At the same time, we are working hard to sustain momentum by pushing a new wave of projects toward registration, ensuring that today’s pipeline becomes tomorrow’s operational infrastructure, jobs, and innovation,” Department of Trade and Industry and BOI Chair Secretary Ma. Cristina Roque said.
The 65 projects currently being check-listed are in the sectors of renewable energy, information technology and, manufacturing, logistics, food security-related, mass housing and infrastructure. These projects are expected to generate some 4,300 jobs, reinforcing the Marcos administration’s commitment to create high-quality and inclusive employment for Filipinos.
Twelve of the 65 projects, amounting to P116.81 billion, got their green lane certifications wherein national government agencies and local government units should fast-track the processing of the projects’ licenses and permits. For the first five months of the year, BOI has approved a total of P330 billion.
BOI targets investment approvals of P1.75 trillion for 2025, eight percent higher than the P1.62 trillion project registration last year.
The investment promotion agency also banks on the approval and release of the 2025-2027 Strategic Investment Promotion Plan, which is expected to unlock additional investment opportunities in priority areas such as digital infrastructure, energy transition, and climate-smart technologies.
“With the SIPP nearing approval and the CREATE MORE campaign in full swing, we expect a rebound in investment approvals over the next quarter. Our focus remains on converting interest into impact — bringing in high-value investments that will deepen our industrial base and future-proof our economy,” Roque added.
BOI said IPAs would strengthen its CREATE MORE promotion this year by holding roadshows locally and abroad.
Signed into law on Nov. 11, 2024, Republic Act 12066 or the CREATE MORE Act transforms the Philippines into an attractive destination for business by making the tax incentives regime more globally competitive, investment-friendly, predictable and accountable. (PNA)