Australia top foreign investor in the Philippines

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Approved investment projects in the Philippines grew 20.4 per cent in 2016, reaching P441.5 billion from the P366.7 billion registered in 2015. 

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The value of registered projects in 2016 is second highest since 2000, next to the P466 billion ($938.7 million) registered in 2013.  The 20.4 per cent growth also exceeded the agency’s 7 per cent growth target for 2016.

Topping the list of foreign country investors for the year is Australia with investments worth P30.5 billion ($614.4 million). Singapore came in second with investments amounting to P13.6 billion, followed by the Netherlands with P13.1 billion, Japan with P6.8 billion, and South Korea with P6.4 billion. The balance is shared by various country investors. 

Trade Secretary and Philippine Board of Investment (BoI) Chairman Ramon Lopez said the growth in the agency’s investment pledges is driven by the continued confidence of investors with the country’s sustained strong macroeconomic fundamentals and in President Rodrigo Duterte’s socio-economic agenda; as well as a result of President Duterte’s state visits since he started the current administration.

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“With the investment missions that we are doing, investors have gained greater awareness of the Philippines’ strong and growing economy,” he said, adding that during the President’s state visits, he always assures investors that the government will honour, secure and protect their investments.

The aggregated investment approvals in 2016 were generated from 377 projects and are expected to generate about 67,615 in new jobs when these investment projects become fully operational. 

Investment projects registered were mainly from local companies, making up 80 per cent of the total figure or P352.5 billion. The rest of the 20 per cent meanwhile came from investments from foreign sources amounting P89.3 billion.

Foreign investment pledges this year are higher by 50 per cent against the P59.5 billion in 2015. The foreign investment level in the second semester was almost double than that of the first semester, clearly indicating “the growing foreign investor interest and confidence”.

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In terms of geographic distribution, Region 4A topped the list of regional investments with P102.1 billion worth of projects. The National Capital Region came in second with investments worth P95.3 billion, followed by Region 3 with P56.5 billion. Significant investments were also directed to the Cordillera Administrative Region with P34.8 billion, remarkably up by 40,528 per cent from only P85.6 million recorded in 2015. 

Topping the list of investment projects for the year are from the industries of power (P209.9 billion), real estate activities (P65.8 billion), construction (P62.3 billion), manufacturing (P49 billion) and transportation and storage (P23.4 billion). Investments in construction and manufacturing were among the fastest growing (2016 vs. 2015) reaching 644.8 per cent and 81.3 per cent, respectively.

The real estate sector is seen to generate the most number of employment with 32,055, followed by the manufacturing sector which is expected to provide jobs and income to 17,067 Filipinos.

Trade Undersecretary and BoI Managing Head Ceferino Rodolfo said “the continued growth of the manufacturing industry is a clear indication of the results of our Manufacturing Resurgence Programme”.

“The revival of the manufacturing sector is key to inclusive economic growth because it will generate much-needed decent employment and help the country tap regional production networks,” he said.

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Reading Time: 2 minutes

Approved investment projects in the Philippines grew 20.4 per cent in 2016, reaching P441.5 billion from the P366.7 billion registered in 2015. 

Reading Time: 2 minutes

Approved investment projects in the Philippines grew 20.4 per cent in 2016, reaching P441.5 billion from the P366.7 billion registered in 2015. 

boi_stats_2-1

 

The value of registered projects in 2016 is second highest since 2000, next to the P466 billion ($938.7 million) registered in 2013.  The 20.4 per cent growth also exceeded the agency’s 7 per cent growth target for 2016.

Topping the list of foreign country investors for the year is Australia with investments worth P30.5 billion ($614.4 million). Singapore came in second with investments amounting to P13.6 billion, followed by the Netherlands with P13.1 billion, Japan with P6.8 billion, and South Korea with P6.4 billion. The balance is shared by various country investors. 

Trade Secretary and Philippine Board of Investment (BoI) Chairman Ramon Lopez said the growth in the agency’s investment pledges is driven by the continued confidence of investors with the country’s sustained strong macroeconomic fundamentals and in President Rodrigo Duterte’s socio-economic agenda; as well as a result of President Duterte’s state visits since he started the current administration.

boi_stats_3

“With the investment missions that we are doing, investors have gained greater awareness of the Philippines’ strong and growing economy,” he said, adding that during the President’s state visits, he always assures investors that the government will honour, secure and protect their investments.

The aggregated investment approvals in 2016 were generated from 377 projects and are expected to generate about 67,615 in new jobs when these investment projects become fully operational. 

Investment projects registered were mainly from local companies, making up 80 per cent of the total figure or P352.5 billion. The rest of the 20 per cent meanwhile came from investments from foreign sources amounting P89.3 billion.

Foreign investment pledges this year are higher by 50 per cent against the P59.5 billion in 2015. The foreign investment level in the second semester was almost double than that of the first semester, clearly indicating “the growing foreign investor interest and confidence”.

boi_stats_1-1-1

 

In terms of geographic distribution, Region 4A topped the list of regional investments with P102.1 billion worth of projects. The National Capital Region came in second with investments worth P95.3 billion, followed by Region 3 with P56.5 billion. Significant investments were also directed to the Cordillera Administrative Region with P34.8 billion, remarkably up by 40,528 per cent from only P85.6 million recorded in 2015. 

Topping the list of investment projects for the year are from the industries of power (P209.9 billion), real estate activities (P65.8 billion), construction (P62.3 billion), manufacturing (P49 billion) and transportation and storage (P23.4 billion). Investments in construction and manufacturing were among the fastest growing (2016 vs. 2015) reaching 644.8 per cent and 81.3 per cent, respectively.

The real estate sector is seen to generate the most number of employment with 32,055, followed by the manufacturing sector which is expected to provide jobs and income to 17,067 Filipinos.

Trade Undersecretary and BoI Managing Head Ceferino Rodolfo said “the continued growth of the manufacturing industry is a clear indication of the results of our Manufacturing Resurgence Programme”.

“The revival of the manufacturing sector is key to inclusive economic growth because it will generate much-needed decent employment and help the country tap regional production networks,” he said.

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