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Release Date :
Reference Number :
2016-139
Total foreign investments (FI) approved in the second quarter of 2016 by the seven  investment promotion agencies (IPAs), namely the 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 40.4 billion, higher by 11.5 percent compared to the same period of last year. Meanwhile, total approved FI for the first six months of the year reached PhP 66.6 billion. This is an increase of 14.8 percent compared to the previous year’s record.
 
The top three prospective investing countries for the second quarter of 2016 are Singapore, Japan and South Korea. Pledges from Singapore amounted to PhP 10.2 billion or 25.1 percent of the total approved FI. Meanwhile, Japan and South Korea committed PhP 7.1 billion and PhP 5.1 billion, or 17.5 percent share and 12.7 percent share, respectively.
 
Manufacturing continued to be the industry that would receive the largest committed foreign investments, amounting to PhP 14.2 billion or 35.3 percent share. Construction came in next with investment pledges valued at PhP 8.2 billion or 20.4 percent share. This is followed by Administrative and Support Service Activities with PhP 6.2 billion which shared 15.4 percent to the total FI.  
 
In terms of location, bulk of the approved foreign investments would be intended to finance projects in Region IVA – CALABARZON, reaching PhP 15.9 billion or 39.3 percent share.  The next highest investments would go to projects in Region VII – Central Visayas at PhP 7.2 billion or 17.8 percent share. The National Capital Region followed with PhP 7.1 billion or 17.7 percent share.
 
Approved investments of foreign and Filipino nationals amounted to PhP 177.7 billion during the period, an increase of 97.5 percent compared to last year. Filipino nationals continued to dominate, accounting for 77.3 percent or PhP 137.3 billion worth of investment pledges.
 
Proposed projects of foreign and Filipino investors approved by the IPAs in the second quarter of 2016 are expected to generate 53,998 jobs, higher by 49.2 percent compared to the previous year.  Out of these anticipated jobs, 74.2 percent would come from projects with foreign interest.
 
 
 
LISA GRACE S. BERSALES, Ph.D.
National Statistician and Civil Registrar General
 
 
See more on  the Foreign Investment main page.
 
 
Contact Persons:  Eduardo B. Sanguyo/John Lourenze S. Poquiz/Stephanie Rose R. Moscoso
Tel. No.: (+6 32) 376-2019
E-mail:  e.sanguyo@psa.gov.phl.poquiz@psa.gov.phr.moscoso@psa.gov.ph
 
 
 
 
 
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Word document Q2 2016 Foreign Investments Summary 1.42 MB

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