NSCB - 2nd Quarter 2008 Foreign Direct Investment (FDI) - Highlights

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2nd Quarter 2008
FDI QUARTERLY REPORT

Posted 6 November 2008

HIGHLIGHTS

Foreign direct investments (FDI) registered and approved in the second quarter (Q2) of 2008 by the Board of Investments (BOI), Clark Development Corporation (CDC), Philippine Economic Zone Authority (PEZA), and Subic Bay Metropolitan Authority (SBMA) reached PhP 73.9 billion, higher by 23.5 percent than PhP 59.8 billion in the same period in 2007.

The United Kingdom (UK) and Korea led all other foreign investors, pledging PhP 21.8 billion and PhP 21.3 billion, accounting for 29.5 percent and 28.9 percent, respectively, of the total FDI committed for the quarter.

Of the total approved FDI, 55.5 percent or PhP 41.0 billion were intended for the electricity industry, particularly on power generation. Other industries receiving the most number of investment pledges were manufacturing with 19.3 percent share or PhP 14.3 billion, and private services with 16.6 percent share or PhP 12.2 billion.

Approved FDI projects for the quarter are expected to create 54,805 jobs, more than double last year’s projected employment of 27,195 jobs.

The combined approved investments of Filipino and foreign nationals totaled PhP 253.0 billion, 126.0 percent higher than the PhP 112.0 billion registered in the same period last year. Pledges from Filipino nationals stood at a strong PhP 179.1 billion and accounted for 70.8 percent of the total approved investments.

FOREIGN DIRECT INVESTMENTS (FDI)

Highlights of the Latest Quarter Report
(2nd Quarter 2008)

Total Approved Investments

Approved Investments
in ICT

Balance of Payments FDI Reported by the Bangko Sentral ng Pilipinas (BSP) - 2ndQuarter 2008

Publication Information

Technical Notes

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