BoI maintains P1.75T investment target despite slow start

The Board of Investments (BoI) has maintained its target for approved investment applications this year at P1.75 trillion.

Trade Secretary Ma. Cristina A. Roque stated that the Philippines will showcase its capabilities during ASEAN 2026, emphasizing the country's readiness to attract foreign investments.

Despite achieving only P382.24 billion in BoI-approved investments in the first half of the year, which is about 60% behind the previous year's pace, Ms. Roque remains optimistic.

The uncertainty surrounding US reciprocal tariffs has impacted investment approvals, but Ms. Roque believes that once this situation clears up, businesses will likely choose to stay in the Philippines due to its competitive edge.

To boost foreign investments, the government plans to send more trade missions throughout the year, including visits to Cambodia, Osaka, Japan, and New York.