The BOI, an agency under the Department of Trade and Industry, said approved projects include a solar project with battery energy storage, a biscuit manufacturing and processing facility, solar rooftop projects, and an activated carbon and charcoal production facility.
Trade and Industry Undersecretary and BOI Managing Head Ceferino Rodolfo said the Philippines' target is "to hit or even surpass" 1.6 trillion pesos (about 27.5 billion dollars) in approved investments this year.
"With the momentum we have built, we are confident in achieving and exceeding this goal, driving economic development," Rodolfo said.
BOI reports that the approved investments during the first seven months of this year will create over 27,000 jobs once the registered projects are fully operational.
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