PHP2.73T project investments recorded by IPAs under DTI from July 2022 to May 2024

Between July 2022 and May 2024, Investment Promotion Agencies (IPAs) under the Department of Trade and Industry (DTI) recorded PHP2.73 trillion in project investments.

These investments include 658 projects worth PHP2.4 trillion registered with the Board of Investments (BOI) and 432 projects worth PHP331 billion approved by the Philippine Economic Zone Authority (PEZA).

The commitments are expected to generate around 182,000 jobs, with 102,000 from BOI-registered projects and 80,000 from PEZA-registered projects.

DTI Secretary Alfredo Pascual attributed the surge in investments to President Ferdinand R. Marcos Jr.'s policy reforms, including allowing 100% foreign ownership in renewable energy (RE) projects.

The CREATE MORE bill aims to streamline tax refund processes and reduce corporate income tax, while Executive Order 18 established a green lane for fast-tracking permits and licenses of strategic investments.

Since the creation of the green lane in February 2023, the OSAC-SI has facilitated 83 strategic projects with investments amounting to PHP2.45 trillion across sectors such as renewable energy, digital infrastructure, food security, and manufacturing.