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The Board of Investments approved 35 projects worth P47 billion from January to February 2026, up from just eight projects approved during the same period in 2025
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Foreign investments surged 943.4% year-on-year to P3.1 billion
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The energy sector accounted for P22.4 billion or a share of 47.7% to the total, followed by accommodation and food service activities, real estate, manufacturing, and transportation and storage
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For February 2026 alone, BOI greenlighted P36.5 billion worth of investments for 21 projects
The Board of Investments (BOI) approved 35 projects worth P47 billion from January to February 2026, up from just eight projects approved during the same period in 2025.
Foreign investments surged 943.4% year-on-year to P3.1 billion in the first two months of the year, BOI said in a statement.
The energy sector, including renewable energy, had the largest share of approved investments with P22.4 billion, accounting for 47.7% of total approved investments during the period.
Other major sectors, including accommodation and food service activities, attracted P7.6 billion (16.1% share), followed by real estate activities (mass housing) with P6.4 billion (13.7%), manufacturing with P5.3 billion (11.4%), and transportation and storage (ports) with P3 billion (6.4%).
Singapore emerged as the leading source of foreign investments, contributing P1.8 billion or 55.2% of total foreign-approved investments during the period. This was largely driven by the 85% Singaporean-owned Intramuros Solar Energy Corp., with an investment of P1.7 billion.
China followed with P0.5 billion (16.8%), while Canada, Australia, and the United States each contributed P0.2 billion, representing 6.5%, 6.3%, and 5%, respectively.
Region III (Central Luzon) received the largest share of approved investments with P21.5 billion, including a P16.4 billion solar power project by Cleanenergy 2 Power Inc. Next was Region VII (Central Visayas) with P8.2 billion, followed by the National Capital Region (NCR) with P4.5 billion. Regions I (Ilocos Region) and IV‑B (MIMAROPA) attracted P3.7 billion and P2.9 billion, respectively.
For February 2026 alone, BOI greenlighted P36.5 billion worth of investments from 21 projects.
Approved investments increased by 27.2% to P36.5 billion from P28.7 billion in February 2025.
In particular, the number of approved projects jumped from six to 21. The renewable energy sector led February 2026 approvals with P20.4 billion, representing 55.9% of total approved investments for the month.
In terms of domestic distribution of investments, the leading regional destinations for February 2026 were Central Luzon with P21.5 billion, followed by the NCR with P4.2 billion and the Ilocos Region with P3.5 billion.
Trade secretary and BOI chairman Ma. Cristina Roque said the investment performance for January-February “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 amid current challenges, while accelerating the country’s transition to a more sustainable and resilient energy future,” Secretary Roque said.
BOI Investments Promotion Services executive director Evariste Cagatan, meanwhile, emphasized that these investments also contribute to broader economic gains, saying these “investments will help spur regional growth and create more jobs for Filipinos.”
