BOI Targets PHP1 Trillion In Investment Approvals For 2025

The Board of Investments (BOI), the Philippines' lead investment promotion agency under the Department of Trade and Industry (DTI), aims to register PHP 1 trillion worth of projects in 2025.

DTI Undersecretary and BOI Managing Head Ceferino Rodolfo highlighted initiatives such as the establishment of green lanes to expedite permits and licenses for strategic projects. I Photo: Philippine Board of Investments Facebook

This target is part of the BOI’s goal to consistently reach the trillion-peso level of investment approvals per year for three consecutive years. The BOI’s target for 2025 follows the National Expenditure Program (NEP) 2024 target of PHP 1.151 trillion.

However, DTI Undersecretary and BOI Managing Head Ceferino Rodolfo noted challenges in attracting investments, especially from foreign sources.

These challenges include issues related to ease of doing business, power stability, talent development, and government incentives. Rodolfo highlighted initiatives such as the establishment of green lanes to expedite permits and licenses for strategic projects.

He also mentioned President Ferdinand R. Marcos Jr.'s focus on harnessing indigenous energy resources to help reduce electricity costs and dependence on imported fuel.

Talent development is seen as both a constraint and an opportunity for the country, with efforts underway to upskill and reskill the domestic workforce to meet future job demands.

Rodolfo also pointed out that neighboring countries, like Vietnam, are offering generous incentives to foreign investors, making it more challenging for the Philippines to attract investments.