represent the amount of contribution or share of nonresidents in investment projects within the Philippine economic territory as approved by investment promotion agencies such as the Board of Investments, Philippine Economic Zone Authority, Subic Bay Metropolitan Authority and the Clark Development Corporation, and other government entities as may be created for the same purpose. Approved foreign direct investments do not represent actual investments generated but rather investment commitments, which may or may not be realized immediately or in the future. These consist of equity, loans and reinvested earnings.