Approved Foreign Investments Reach PhP 148.43 Billion in the First Quarter of 2024
Total foreign investments (FI) approved in the second quarter of 2015 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 the 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 36.2 billion, slightly higher by 0.5 percent from PhP 36.0 billion recorded in the same period last year. Meanwhile, total approved FI for the first six months of the year reached PhP 58.0 billion, declining by 21.0 percent from PhP 73.4 billion in the previous year.
The top three prospective investing countries for the second quarter of 2015 include the Netherlands, Singapore and Japan. The Netherlands pledged PhP 17.0 billion or 46.8 percent share during the quarter while Singapore and Japan committed PhP 8.4 billion and PhP 4.0 billion or 23.2 percent and 11.1 percent of the total approved FI, respectively.
Manufacturing has remained to be the industry with the largest amount of committed foreign investments in the second quarter of 2015 at PhP 21.8 billion or 60.2 percent share. Agriculture, forestry and fishing came in second with investment pledges valued at PhP 5.1 billion or 14.2 percent, followed by construction at PhP 2.6 billion or 7.2 percent share.
In terms of location, bulk of the approved foreign investments would be intended to finance projects in Region IVA – CALABARZON, amounting to PhP 22.3 billion or 61.5 percent. The next highest investments would be in Region VII – Central Visayas at PhP 3.9 billion or 10.8 percent, followed by the National Capital Region at PhP 2.4 billion or 6.6 percent.
Approved investments of foreign and Filipino nationals reached PhP 90.0 billion in the second quarter of 2015, declining by 65.1 percent from last year’s PhP 257.8 billion. Filipino nationals continued to dominate investments approved during the quarter, sharing 59.8 percent or PhP 53.8 billion worth of pledges.
Total projects of foreign and Filipino investors approved by the seven IPAs for the second quarter of 2015 are expected to generate 36,196 jobs, lower by 69.5 percent from last year’s projected employment of 118,835 in the same period. Out of these anticipated jobs, 71.5 percent would come from projects with foreign interest.
FOR THE NATIONAL STATISTICIAN:
ROMEO S. RECIDE
(Interim Deputy National Statistician)
Officer-in-Charge
Focal Persons
Cynthia S. Regalado/John Lourenze S. Poquiz/Stephanie Rose R. Moscoso
Tel. No.: (+6 32) 376-2019
