Approved investments by the Department of Trade and Industry (DTI) has surpassed the 2024 target.

“We are pleased to report significant progress in attracting investments this year. These investments will fuel job creation, drive innovation, and foster dynamic economic progress. By focusing on international trade, we are laying the foundation for sustainable and inclusive economic growth," Trade Secretary Cristina Roque said.
 
The DTI said investments approved by the Board of Investments (BOI) has reached P1.62 trillion, or more than the P1.5-trillion target for the current year.
 
This is also higher than the P1.26 trillion approved investments in 2023.
 
In a separate statement, the BOI said energy sector, specifically the renewable energy projects, recorded the biggest surge in approvals, totaling P1.38 trillion, up by 40 percent year-on-year. 
 
Other sectors which recorded the biggest increase include air and water transport at P121.20 billion; real estate activities (mass housing) at P37.26 billion; manufacturing at P31.67 billion; water supply, sewerage, waste management, and remediation activities at P16.28 billion; agriculture, forestry, and fishing at P11.02 billion; wholesale and retail at P8.25 billion; and information technology-business process management at P7.34 billion.
 
The Philippine Economic Zone Authority (PEZA), meanwhile, approved P214.17 billion in investments, surpassing the P200 billion target for the year.
 
"As we approach 2025, we are determined to build on this positive momentum. We will continue to refine and implement forward-looking policies that attract investments in these key industries, ensuring that the Philippines remains a prime destination for innovation and growth," Roque said.
 
Roque vowed that the DTI is committed to creating an environment where businesses thrive, sustainability is prioritized, and economic opportunities benefit all Filipinos.