NSCB - Press Release - Approved FDI sustains growth in Q1 2010

Approved FDI declines in Q2 2010 after posting
two consecutive quarters of increase
(PR-20100823-ES4-01, Posted 23 August 2010)

Total foreign direct investments (FDI) ¹ approved by the Board of Investments (BOI), Clark Development Corporation (CDC), Philippine Economic Zone Authority (PEZA), and Subic Bay Metropolitan Authority (SBMA) in the second quarter of 2010 declined by 31.0 percent after posting two consecutive quarters of increase. Total FDI amounted PhP 13.8 billion from PhP 19.9 billion registered in the same period last year

Fig 1 Fig 2

The People’s Republic of China (PROC) topped the list of foreign investors, pledging PhP 3.7 billion or 26.7 percent of the total approved FDI in the second quarter, followed by the United States of America (USA) and India accounting for 11.8 percent or PhP 1.6 billion, and 10.7 percent or PhP 1.5 billion worth of pledges, respectively. The bulk of investments from PROC are intended to finance projects in electricity, gas and water.

Manufacturing; private services; electricity, gas and water; and finance and real estate are the top recipients of FDI intentions in the second quarter of 2010, as these industries stand to receive 30.4 percent or PhP 4.2 billion, 27.7 percent or PhP 3.8 billion, 26.3 percent or PhP 3.6 billion, and 13.9 percent or PhP 1.9 billion respectively, of total FDIs approved during the quarter.

Total approved FDI during the quarter is expected to create 21,581 jobs, 25.6 percent lower than previous year’s 29,006 jobs.

ROMULO A. VIROLA
Secretary General

Contact Persons:

Regina S. Reyes / Florande S. Polistico
Tel. No.: (+6 32) 895-5002; (+6 32) 896-7981
E-mail: rs.reyes@nscb.gov.ph; fs.polistico@nscb.gov.ph

Highlights of the 2nd Quarter 2010 Report on Foreign Direct Investments in the Philippines

Foreign Direct Investments Main Page

_______________
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.

Read PART I - PART III - Part IV

Posted 23 August 2010.