Total foreign investments (FI) approved in the fourth quarter of 2022 amounting to was higher by compared with reported in the same quarter of 2021. These investments were pledges from the six Investment Promotion Agencies (IPAs), namely: Authority of the Freeport Area of Bataan (AFAB), Board of Investments (BOI), BOI-Bangsamoro Autonomous Region in Muslim Mindanao (BOI-BARMM), Clark Development Corporation (CDC), Philippine Economic Zone Authority (PEZA), and Subic Bay Metropolitan Authority (SBMA). No foreign investment approvals were reported from Cagayan Economic Zone Authority (CEZA), Poro Point Management Corporation (PPMC), and Tourism Infrastructure and Enterprise Zone Authority (TIEZA) for the fourth quarter of 2022. (Figure 1 and Table 2A)

The bulk of FI commitments for the fourth quarter of 2022 was from Singapore (64.2%), followed by Japan (21.5%), and. Singapore committed PhP 111.47 billion, while Japan and United Kingdom pledged and, respectively.  (Table 3A)

Information and Communication bested all other industries as it stands to receive or of the total FI pledges. Real Estate Activities came in second with investment commitments valued at or 20.5 percent share, followed by Manufacturing with or 11.1 percent FI contribution.  (Table 4A)

The biggest chunk of the approved foreign investment in the fourth quarter of 2022, amounting to or of the total FI, was intended to finance projects classified as “Nationwide” or situated in various regions of the country. This was followed by Ilocos Region with PhP 32.66 billion (18.8%), CALABARZON with PhP 30.71 billion (17.7%), and Central Luzon with PhP 5.70 billion (3.3%).  (Table 5A)

Meanwhile, the combined approved investments of foreign and Filipino nationals reached in the fourth quarter of 2022 or an increase of compared with in the same quarter of the previous year. Filipino nationals contributed or 63.7 percent. (Tables 7A and 8A)

Projects of approved investments of foreign and Filipino nationals in the fourth quarter of 2022 were projected to generate a total of 37,766 employment. Out of this total anticipated employment for the period, approved projects with foreign interest were projected to generate 23,364 employment. (Tables 6A and 11A)

DENNIS S. MAPA, Ph.D.
Undersecretary
National Statistician and Civil Registrar General

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