The combined approved investment commitments of foreign and Filipino investors reached PhP 253.0 billion in the second quarter of 2008, expanding by 126.0 percent from PhP 112.0 billion in the comparable period in 2007. 

The quarter was characterized by a high turnout of pledges from Filipino nationals, which comprised 70.8 percent or PhP 179.1 billion of the total investments committed in the second quarter of 2008.   Foreign investors committed a total of PhP 73.9 billion, a 23.5 percent increase from its year ago level of PhP 60.0 billion.

Total Approved Investments by Foreign and Filipino Nationals:
Second Quarter, 2007 and 2008

Of the 105,843 new jobs expected from total approved investments during the quarter, 59.3 percent or 62,732 jobs would be in the finance and real estate industry. Manufacturing stands to supply 19.3 percent or 20,404 jobs while private services and mining would be sharing 8.4 percent and 7.7 percent, respectively, of the total projected employment.

Projected Employment from Approved Investments, by industry
Second Quarter, 2007 and 2008