BOI-PEZA approved investments in January-October 2017 amounted to PhP611.91 billion, which is 51.7% higher than the PhP403.38 billion approved during the same period last year. Of the total amount, 66.8% (or PhP408.73 billion) was approved by BOI, while 33.2% (or PhP203.18 billion) was from PEZA.
The biggest share is committed to real estate activities at PhP204.06 billion (or 33.4%). This is higher by 91.88% compared to its share in the same period last year. Electricity, gas, steam & air conditioning supply came in second with PhP145.02 billion (or 23.7%), followed by construction with PhP127.66 billion (or 20.9%), manufacturing with PhP85.03 billion (or 13.9%), and transportation and storage with PhP13.6 billion (or 2.2%).
Japan was the biggest country source of the BOI-PEZA approved foreign investments, with PhP27.15 billion (or 31.0%), which is 93.0% higher than its PhP14.1 billion investment commitment in the same period last year. Taiwan came in next with PhP10.40 billion, followed by Singapore with PhP9.18 billion, Netherlands with PhP8.23 billion, and USA with PhP8.01 billion.