Fourth Quarter 2007 and Annual 2007

• The fourth quarter of 2007 saw a big leap in approved foreign direct investments (FDI) exhibiting a remarkable increase of 492.1 percent during the period.   Total approved FDI amounted to PhP 102.6 billion in the fourth quarter of 2007, from PhP 17.3 billion in the same quarter a year ago. The electricity industry received the major chunk of investment pledges worth PhP 52.5 billion or 51.2 percent of the total approved FDI for the quarter .

• The impressive performance of the total approved FDI in the last quarter of 2007 brought the annual FDI to PhP 215.2 billion, from its year ago level of PhP165.9 billion posting a 29.8 percent growth.

• The combined approved investments of Filipino and foreign nationals worth PhP 171.0 billion in the fourth quarter of 2007 more than doubled the PhP 77.8 billion registered in the same quarter in 2006 .  About sixty percent of the combined approved investments were contributed by the foreign investors who pledged PhP 102.6 billion compared to Filipinos’ commitment of PhP 68.4 billion.  Investment pledges from Filipinos during the quarter under review grew by 13.1 percent.

• The combined approved investments of Filipino and foreign nationals for the year totaled to PhP 385.8 billion registering an 8.1 percent growth.