• Total foreign direct investments (FDI) ¹ approved in the third quarter of 2011 by the four major investment promotion agencies (IPA), namely: Board of Investments (BOI), Clark Development Corporation (CDC), Philippine Economic Zone Authority (PEZA), and Subic Bay Metropolitan Authority (SBMA) amounted to to PhP 25.0 billion, up by 32.0 percent from PhP 19.0 billion approved in the same period last year.  Meanwhile, total approved FDI for the first nine months of 2011 reached PhP 87.3 billion from last year’s PhP 79.4 billion

• Japan, one of the country’s constant sources of FDI has been leading all other countries for two consecutive quarters. For Q3 2011, Japan shared 38.6 percent or PhP 9.7 billion of the total FDI commitments. Trailing behind are Korea and the United States of America, pledging PhP 4.5 billion and PhP 2.0 billion, which accounted for 18.0 percent and 8.2 percent, respectively, of the total FDI approved in Q3 2011

• Manufacturing remained as the top recipient of FDI committed in the third quarter as it stands to receive 38.4 percent or PhP 9.6 billion. Electricity, gas, steam and air conditioning supply came in second with investment pledges valued at PhP 5.1 billion, contributing 20.4 percent, followed by real estate activities at PhP 4.8 billion or 19.3 percent share. The three industries maintained their top posts during the first nine months with manufacturing getting more than half or 60.1 percent of the total FDI approved for the period

• FDI in the Balance of Payments (BOP) as compiled by the Bangko Sentral ng Pilipinas recorded net inflows of US$ 76.0 million in July to August 2011, 77.2 percent lower than the US$ 333.0 million recorded in the same period last year. Meanwhile, net FDI inflows in the first eight months of 2011 amounted to US$ 810.0 million, registering a decline of 19.2 percent from US$1.0 billion posted in the same period in 2010

• Approved investments of foreign and Filipino nationals tripled to PhP 192.0 billion in the third quarter of 2011 from last year’s PhP 55.8 billion. Filipino nationals continued to dominate investments approved during the quarter, sharing 87.0 percent or PhP 167.0 billion worth of pledges. Majority of investments committed by Filipinos are intended to finance activities in mining and quarrying; electricity, gas, steam and air conditioning supply; and real estate.

• Foreign and Filipino ventures approved by the four IPAs for the third quarter are expected to create 40,660 jobs, increasing by 51.4 percent from last year’s projected employment of 26,857 jobs.  Out of these anticipated jobs, 63.1 percent or 25,643 jobs would come from projects with foreign interest

• Investments in information and communication technology (ICT) proposed by foreign and Filipino nationals in Q3 2011 declined by 49.5 percent from PhP 4.7 billion committed in the third quarter of 2010 to PhP 2.4 billion. Projects in ICT shared 1.2 percent of total approved investments of foreign and Filipino nationals during the quarter

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¹ Approved FDI represent the amount of proposed contribution or share of foreigners to various projects in the country as approved and registered by the IPAs. This consists of equity, loans and reinvested earnings. (See Annex A – Technical Notes)