Investments in the energy sector, including renewable energy (RE), still comprised the bulk of projects or about half of the combined cost of projects registered with the Board of Investments (BOI) in the first two months of the year.
In its report, the BOI said it approved a total of 35 projects worth PHP47 billion from January to February 2026. The agency did not provide comparative figures.
The energy sector, including RE, had the largest share of approved investments with PHP22.4 billion, accounting for 47.7 percent of total approved investments.
Other major sectors that showed strong investment approvals during the same period were Accommodation and Food Service Activities, which attracted PHP7.6 billion (16.1% share), followed by Real Estate Activities (Mass Housing) with PHP6.4 billion (13.7% share), Manufacturing with PHP5.3 billion (11.4% share), and Transportation and Storage (Ports) with PHP3 billion (6.4% share).
In terms of equity, foreign investors’ contribution surged to PHP3.1 billion, 943.4 percent higher than the PHP0.3 billion in January to February 2025.
Among the foreign investors, Singapore emerged as the leading source of investments, contributing PHP1.8 billion or 55.2 percent of total foreign-approved investments during the period.
This was largely driven by the 85 percent Singaporean-owned Intramuros Solar Energy Corp., with a foreign investment contribution of PHP1.7 billion.
China followed with PHP0.5 billion (16.8%), while Canada, Australia, and the United States each contributed PHP0.2 billion, representing 6.5 percent, 6.3 percent, and 5 percent, respectively.
Region III (Central Luzon) received the largest share of approved investments with PHP21.5 billion, including a Php16.4 billion solar power project by Cleanenergy 2 Power Inc. Region VII (Central Visayas) followed with PHP8.2 billion, and the National Capital Region (NCR) with PHP4.5 billion.
