Release Date :
Reference Number :
20140627ES401
Total foreign investments (FI) approved in the first quarter of 2014 by the seven investment promotion agencies (IPAs), namely: Board of Investments (BOI), Clark Development Corporation (CDC), Philippine Economic Zone Authority (PEZA), and Subic Bay Metropolitan Authority (SBMA) as well as Authority of the Freeport Area of Bataan (AFAB), BOI-Autonomous Region of Muslim Mindanao (BOI-ARMM), and Cagayan Economic Zone Authority (CEZA), amounted to PhP 37.4 billion, 25.6 percent lower compared to PhP 50.3 billion approved in the same period last year.
Among the IPAs, SMBA registered the highest increase in FI commitments, amounting to PhP 11.3 billion in Q1 2014 which is around 84 times the PhP 134.7 million worth of pledges in Q1 2013. The other IPA which marked an increase in investment pledges was CDC, valued at PhP 358.6 million in Q1 2014 which is around seven times higher than PhP 50.4 million in the same period last year.
The People’s Republic of China was the top investing country during the quarter at PhP 9.0 billion as it shared 24.2 percent of the total FI commitments. Japan and Singapore occupied the second and third posts, pledging PhP 8.3 billion or 22.3 percent and PhP 4.3 billion or 11.4 percent, respectively, of the total FI approved in Q1 2014.
Manufacturing bested all other industries as it stands to receive 74.1 percent of total FI pledges or PhP 27.7 billion. Administrative and support service activities came in second, with investment commitments valued at PhP 4.2 billion, contributing 11.2 percent, followed by electricity, gas, steam, and air conditioning supply at PhP 2.0 billion, with 5.3 percent share.
Foreign direct investments (FDI) in the Balance of Payments (BOP) as compiled by the Bangko Sentral ng Pilipinas (BSP) recorded net inflows of US$ 3,070.0 million in Q1 2014, up by 46.5 percent from US$ 2,096.0 million recorded in Q1 2013.
Approved investments of foreign and Filipino nationals in the first quarter of 2014 went down by 29.5 percent, amounting to PhP 107.4 billion from PhP 152.3 billion registered in Q1 2013. Pledges from Filipino nationals stood at PhP 69.9 billion which accounted for 65.2 percent of the total approved investments during the quarter.
Foreign and Filipino ventures approved by the seven IPAs in the first quarter of 2014 are expected to generate 48,489 jobs, increasing by 42.1 percent from previous year’s projected employment. Out of these anticipated jobs, 78.7 percent or 38,179 jobs would come from projects with foreign interest.
Total investment pledges in information and communications technology (ICT) of foreign and Filipino nationals in the first quarter of 2014 totaled PhP 5.6 billion, 42.4 percent higher than PhP 3.9 billion recorded in Q1 2013. Projects in ICT accounted for 5.2 percent of total approved investments of foreign and Filipino nationals during the quarter.
PAULA MONINA G. COLLADO
Interim Deputy National Statistician
Officer-in-Charge
Focal Persons
Ms. Cynthia S. Regalado, Mr. John Lourenze S. Poquiz
and Ms. Stephanie Rose R. Moscoso
Tel. No.: (+6 32) 895-5002; (+6 32) 896-7981
Updated: 27 June 2014
Summary (private)
| Attachment | Size |
|---|---|
 Q1 2014 Foreign Investments Summary |
1.78 MB |
Data (private)
CSV (private)