The Board of Investments (BOI), the government’s premier investment promotion arm, reported that it approved a total of PHP3.54 trillion in investment pledges from July 2022 to April 2025 or since the start of President Marcos Jr.’s administration.
In its report, the BOI said the approved projects reflected a significant 70.64 percent increase compared to the first three years of the previous Duterte administration.
Broken down, the BOI approved PHP729 billion worth of investments in 2022; PHP1.26 trillion in 2023; and PHP1.62 trillion in 2024.
The BOI said that huge interest in renewable energy drives the record investment registration during the period, the highest in the agency’s 57-year history.
The total approved investments are expected to generate 147,304 jobs as majority ofapproved large-scale projects have now entered their implementation phase.
The BOI also reported that as of As of May 27, 2025, it has granted Green Lane certification to 208 projects, 78 percent of which are in renewable energy, totaling PHP5.2 trillion in investment value since the lane’s implementation.
However, the agency did not give a complete picture on approvals for the January-May period, except to say that investment is slowing down in 2025. “While investment approvals in 2025 have seen a slowdown, this trend is expected and reflects the natural cycle of investment activity,” the BOI statement added.
Additionally, the BOI said that external factors such as tighter global financial conditions and heightened geopolitical uncertainty have contributed to a more cautious investment environment, signaling a temporary shift from rapid expansion to execution and policy consolidation.
“It is important to understand the nature of strategic investments. Projects such as offshore wind farms, logistics corridors, and energy infrastructure are large-scale undertakings that involve detailed planning, permitting, and construction phases. These do not translate into immediate FDI inflows, but they are critical to long-term growth and competitiveness,” Trade and Industry Secretary Cristina Roque explained. BOI is directly under the DTI.
