Approved Foreign Investments Reach PhP 148.43 Billion in the First Quarter of 2024
Total foreign direct investments (FDI) approved in the third 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) amounted to PhP 19.0 billion, up by 82.9 percent from PhP 10.4 billion approved in the third quarter of 2009. 
Japan, the country’s constant source of FDI, led all other countries as it shared 33.2 percent of the total FDI commitments during the period valued at PhP 6.3 billion. Trailing behind are the Netherlands and Switzerland pledging PhP 5.6 billion and PhP 4.4 billion which accounted for 29.4 and 22.9 percent, respectively, of the total FDI approved in Q3 2010. Majority of Japan’s commitments are intended to fund projects in manufacturing, a great portion of which would be in manufacture of electronic products.
The bulk of the approved FDI in Q3 2010 was intended to fund projects in the manufacturing as well as electricity, gas and water industries, contributing 63.4 percent or PhP 12.0 billion and 24.2 percent or PhP 4.6 billion, respectively.
A total of 21,154 jobs are expected to be generated from the FDI projects approved in the third quarter of 2010, up by 49.0 percent from last year’s projected employment of 14,198 jobs.
LINA V. CASTRO
Officer in Charge
Office of the 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. (See Annex A – Technical Notes)
