NSCB - 1st Quarter 2010 Approved investments, foreign and Filipino nationals

The combined approved investments of Filipino and foreign nationals reached PhP 90.7 billion in the first quarter of 2010, 367.3 percent higher than the PhP 19.4 billion registered in the same period a year ago. Compared to last year when foreign investors contributed 20.4 percent of the total commitments, the share of foreign investors for the first quarter of 2010 increased to 50.3 percent or PhP 45.7 billion worth of investment pledges. The amount is almost twelve times the PhP 4.0 billion committed by foreign nationals in the same period last year.

Investment commitments made by Filipino nationals likewise increased to PhP 45.1 billion, up by 191.6 percent from last year’s PhP 15.5 billion.

Total Approved Investments by Foreign and Filipino Nationals:
First Quarter, 2009 and 2010

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All IPAs experienced considerable increases in investment pledges made by foreign and Filipino nationals during the first quarter of 2010 with CDC registering the highest increase at 16,151 percent from PhP 0.1 billion to PhP 23.3 billion.

Investment pledges of foreign and Filipino nationals committed during the quarter were mostly in manufacturing, getting 48.6 percent of the pie, or PhP 44.1 billion, followed by electricity, gas and water at 31.5 percent or PhP 28.6 billion, and finance and real estate with 17.1 percent share or PhP 15.5 billion. The three industries have been consistent recipients of investment commitments from both foreign and Filipino investors.

Approved projects from the combined foreign and Filipino investors are seen to generate 40,612 new jobs, 55.6 percent higher than the 26,106 potential jobs in the first quarter of 2009. Projects registered through PEZA posted the highest projected employment at 25,982 new jobs, and contributed 64.0 percent of the total projected employment for the period.

All IPAs, except BOI registered increases in the number of jobs expected from their respective project approvals. SBMA, which shared 15.3 percent or 6,221 jobs of the projected employment posted the highest growth at 972.6 percent while CDC’s potential jobs of 2,516 increased by 253.4 percent from 712 jobs. Meanwhile, BOI experienced a reduction of 30.1 percent.

Of the 40,612 potential jobs expected from total approved investments of foreign and Filipino nationals during the quarter, finance & real estate, and manufacturing stand to supply 48.3 percent or 19,606 jobs and 47.3 percent or 19,227 jobs, respectively. Agriculture; construction, electricity, gas and water; private services; trade; and transportation, storage and communication would be sharing a combined 4.4 percent or 1,779 jobs of the total projected employment.