A large chunk or 93.9 percent were committed to finance projects in the manufacturing industry, particularly, manufacturing of semiconductor and other related products.  

Korea topped the list of foreign investors, pledging PhP 23.8 billion or 52.1 percent of the total approved FDI.  Trailing behind are Japan and Singapore pledging PhP 10.2 billion and PhP 5.3 billion which accounted for 22.3 percent and 11.6 percent, respectively of the total FDI committed for the first quarter of 2010.

The combined approved investments of foreign and Filipino nationals reached PhP 90.7 billion in the first quarter of 2010, almost five times the PhP 19.4 billion committed in the same period in 2009.  Foreign and Filipino investors had almost equal shares of the total approvals with foreign nationals supplying PhP 45.6 billion or 50.3 percent and Filipinos contributing PhP 45.1 billion or 49.7 percent.