Total IPA-approved investments in January to September 2017 amounted to PhP626.24 billion, higher by 52.3% from the PhP411.17 billion approved in the same period last year. Of this total amount, 86.6% (or PhP542.17 billion) came from Filipino investors, and 13.4% (or PhP84.07 billion) from foreign investors.
Japan was the Philippines’ top investing country during the same period, with its investment commitments totaling PhP26.82 billion, accounting for 31.9% of total foreign pledges for the period. This was followed by Taiwan, PhP10.03 billion (11.9%), Singapore, PhP8.36 billion (9.9%), the Netherlands, PhP8.21 billion (9.8%), and USA, PhP5.53 billion (6.6%).
Foreign investment commitment for manufacturing was the largest at PhP46.73 billion (55.6%), an increase of 60.5% from last year’s PhP29.12 billion. Real estate activities came in second with PhP17.36 billion (20.6%), followed by administrative and support service activities with PhP10.49 billion (12.5%), electricity, gas steam and air conditioning supply with PhP3.28 billion (3.9%), and information and communication with PhP1.76 billion (2.1%).