
MANILA – The Philippines has attracted a total of ₱252 billion in investments from member-states of the Association of Southeast Asian Nations (ASEAN) since 2020, according to the Board of Investments (BOI).
Singapore led with ₱246 billion, followed by Thailand with ₱4.34 billion, Malaysia with ₱1.7 billion, and Indonesia with ₱12.27 million.
Most of these investments went into information and communication (₱169.59 billion), the power sector including renewable energy (₱74.20 billion), manufacturing (₱5.58 billion), administrative and support services (₱1.41 billion), and agriculture, forestry, and fishing (₱930 million).
The BOI said these projects are expected to generate 15,358 new jobs for Filipinos between 2020 and July 2025.
“ASEAN investments, especially in information and communication and renewable energy, support the Philippines’ push for smart and sustainable manufacturing and services,” BOI Executive Director Evariste Cagatan said.
Trade and Industry Secretary and BOI Chair Cristina Roque affirmed the government’s commitment to strengthening micro, small and medium enterprises (MSMEs) while deepening investment partnerships with ASEAN countries.
“As we build stronger trade and investment ties with our ASEAN neighbors, these numbers reflect the growing confidence of foreign investors in the Philippines as a place for business growth. We will continue creating a stable and welcoming business environment that attracts more investments and opens real opportunities for Filipinos,” she said.
— NPO News Team | PNA-PR
Connect With Us Today!
Discover how CCNPh can help transform your community and foster sustainable development through our collaborative approach in agriculture, healthcare, and more!
News Letter
Stay Updated for any news about Cooperatives Cooperation Network Philippines (CCNPh)