Foreign investments jump 12% to P289-B in 2012

Lean Santos

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These approved investments are expected to create 45,918 jobs

MORE INVESTMENTS. Total approved foreign investments increased by 12% to P289.1 billion in 2012. AFP Photo

MANILA, Philippines – Total foreign investments approved by various state agencies increased by 12% to P289.1 billion in 2012, boosted by higher inflows in the 4th quarter.

National Statistical Coordination Board (NSCB) said on Tuesday, April 2, that approved investment pledges from foreigners jumped from P258.2 billion in 2011.

The P230.2 billion approved investments in the 4th quarter accounted for almost 80% of the annual total and reflected a 37.1% increase from the same period in 2011.

The 4th quarter 2012 data was the highest since 1996, according to NSCB secretary general Jose Ramon Albert.

These investments were approved by the following investment promotion agencies:

  • Board of Investments (BOI) 
  • Clark Development Corporation (CDC) 
  • Philippine Economic Zone Authority (PEZA) 
  • Subic Bay Metropolitan Authority (SBMA) 
  • Authority of the Freeport Area of Bataan (AFAB) 
  • BOI-Autonomous Region of Muslim Mindanao (BOI-ARMM) 
  • Cagayan Economic Zone Authority (CEZA)

In the 4th quarter, the sources of approved investments came from:

  • Netherlands – P100.9 billion or 43.8% of total
  • Japan – P50.9 billion or 22.1% of total
  • USA – P32.8 billion or 14.3% of total

The top industries that benefited from these investments in the 4th quarter were:

  • Manufacturing – P136.8 billion or 59.4% of total
  • Transportation and storage – P50 billion or 21.7% 
  • Information and communication – P14.5 billion or 6.3% 

Consolidated approved investments of both foreigners and Filipinos in the 4th quarter of 2012 significantly increased by 44.9% to P330.1 billion from P227.8 billion in the same period in 2011.

Investment pledges from Filipino investors amounted to P99.9 billion or 30.3% of the total approved investments.

These approved investments from foreign and Filipino investors are expected to create 45,918 jobs, of which 69.3% or 31,342 of these jobs coming from projects with foreign interest. – Rappler.com

 

 

 

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