BoI investment approvals reach P977B as of mid-Dec.

THE DEPARTMENT of Trade and Industry (DTI), through the Board of Investments (BoI), endorsed last week 29 more projects worth P124.81 billion, bringing year-to-date approvals to P977 billion, which is only over half of the agency’s P1.7-billion full-year target.

- By Justine Irish D. Tabile Reporter

“With a combined investment value of P124.81 billion, the projects are expected to generate 4,444 jobs nationwide, subject to confirmation by the BoI Board,” DTI said in a statement on Tuesday.

The endorsed projects are in various sectors such as renewable energy, infrastructure, transport and logistics, information technology and business process management (IT-BPM), housing, manufacturing, and tourism.

“A significant share of the total investment value is attributed to large-scale clean energy projects, including wind, solar, waste-to-energy, and battery energy storage facilities across Luzon and the Visayas,” it said.

“These projects are expected to contribute substantially to the country’s power supply while advancing national goals on energy security, sustainability, and climate resilience,” it added.

The list also includes key transport and connectivity investments, such as new-generation aircraft for domestic and international routes and maritime transport assets,