Approved Foreign Investments Reach PhP 148.43 Billion in the First Quarter of 2024
Total foreign direct investments (FDI) approved in the fourth quarter of 2010 by the four major investment promotion agencies (IPA), namely: Board of Investments (BOI), Clark Development Corporation (CDC), Philippine Economic Zone Authority (PEZA), and Subic Bay Metropolitan Authority (SBMA) reached PhP 116.6 billion, up by 33.2 percent from its year ago level of PhP 87.5 billion. The fourth quarter 2010 FDI approval was the highest fourth quarter foreign investment pledges and the third highest quarterly FDI since the first quarter of 1996. 
Japan, the country’s constant source of FDI, led all other countries as it shared 35.3 percent of the total FDI commitments during the period valued at PhP 41.2 billion. Other top prospective investing countries include the Netherlands and Cayman Islands pledging PhP 29.8 billion, and PhP 10.6 billion which accounted for 25.5 percent and 9.1 percent, respectively, of the total FDI approved in Q4 2010. The last time that Cayman Islands landed in the top three posts was in Q4 2005 when it topped the list.
Manufacturing, a consistent top recipient of FDI commitments, again bested all other industries as it stands to receive 89.0 percent or PhP 103.8 billion of the total approved FDI for the quarter.
FDI projects approved in the fourth quarter of 2010 are expected to generate a total of 25,919 jobs, a decline by 68.2 percent from 81,595 jobs projected in the same quarter last year.
ROMULO A. VIROLA
Secretary General
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1 Approved FDI represent the amount of proposed contribution or share of foreigners to various projects in the country as approved and registered by the IPAs. This consists of equity, loans and reinvested earnings.
