Release Date :
Reference Number :
PR-20120312-ES4-01
Total approved foreign direct investments (FDI) for 2011 posted the highest level since 1996, reaching PhP 256.1 billion and surpassing the PhP 241.1 billion pledges recorded in 1997.
In the fourth quarter of 2011, total FDI approved by the six 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) and Board of Investments Autonomous Region of Muslim Mindanao (BOI-ARMM) amounted to PhP 165.8 billion, 42.2 percent higher than the PhP 116.6 billion approved in the same period of the previous year. The amount is the highest quarterly FDI turn out ever since the government started compiling consolidated approved FDIs and comes out of the commitments coursed through PEZA which accounted for about 87.3 percent of the total FDIs.
The United States of America (USA), one of the country’s constant sources of FDI was the top source of approved FDIs during the quarter as it shared 32.2 percent of the total FDI commitments.
Manufacturing, a consistent top recipient of FDI commitments, again topped all other industries as it stands to receive 54.0 percent or PhP 89.5 billion. Real estate activities came in second with investment pledges valued at PhP 47.6 billion, contributing 28.7 percent, followed by electricity, gas, steam and air conditioning supply at PhP 20.4 billion or 12.3 percent share.
Approved investments of foreign and Filipino nationals in the fourth quarter of 2011 totaled PhP 227.5 billion, 2.3 percent higher than the PhP 222.4 billion registered in the same period of the previous year. Pledges from Filipino nationals stood at PhP 61.7 billion which accounted for 27.1 percent of the total approved investments in the quarter.
Foreign and Filipino ventures approved by the six IPAs for the fourth quarter of 2011 are expected to create 53,585 jobs, increasing by 40.6 percent from previous year’s projected employment of 38,101 jobs. Out of these anticipated jobs, 78.2 percent or 41,920 jobs would come from projects with foreign interest.
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.
Note: Starting this quarter, the report includes data from the Authority of the Freeport Area of Bataan (AFAB) and the Board of Investments – Autonomous Region of Muslim Mindanao (BOI-ARMM). The data series now includes the said data starting 2010.
Summary (private)
| Attachment | Size |
|---|---|
 Q4 2011 Foreign Investments Summary |
136 KB |
Data (private)
CSV (private)