The Philippines' Department of Finance reported that approved investments facilitated by the country's three leading investment promotion agencies rose 39% to PHP 1.40 trillion in the first nine months of 2026. Renewable energy dominated approvals at the Board of Investments (BOI), while a major solar cell manufacturing commitment accounted for much of the investment approved through the Bases Conversion and Development Authority (BCDA).
The BOI recorded PHP 942.90 billion in approvals, up 22.3% from the same period in 2025. Renewable energy projects accounted for PHP 745.10 billion, or 79% of its total, followed by real estate and housing at PHP 54.10 billion and transportation and storage at PHP 49.50 billion. The Philippine Economic Zone Authority approved PHP 309.60 billion, an increase of 76.6%.
BCDA recorded the fastest growth among the three agencies, with approvals rising 142.5% to PHP 145.46 billion. A PHP 93.69 billion commitment for a solar cell manufacturing facility at Filinvest Innovation Park in New Clark City was the largest contributor. Hospitality and tourism commitments totaled PHP 1.78 billion, anchored by projects in Camp John Hay in Baguio City and Bonifacio Global City in Taguig. BCDA's approved investments across its development areas are projected to generate approximately 8,998 jobs.