Total IPA-approved investments in FY 2018 amounted to PhP1.08 trillion, higher by 19.3% from the PhP0.91 trillion approved in 2017. Of this total amount, 83.5% (or PhP905.19 billion) came from Filipino investors, and 16.5% (or PhP178.97 billion) from foreign investors.
China was the Philippines’ top investing country in 2018, with its investment commitments totaling PhP50.69 billion, accounting for 28.3% of total foreign pledges. This was followed by Singapore, PhP21.18 billion (11.8%), Japan, Php19.73 billion (11.0%), British Virgin Islands, Php16.17 billion (9.0%), and Malaysia, PhP14.65 billion (8.2%).
Foreign investment commitment for manufacturing was the largest at PhP444.44 billion (41.0%). Electricity, gas, steam & air conditioning supply came in second with PhP193.01 billion (17.8%), followed by transportation and storage with PhP125.09 billion (11.5%), real estate activities with PhP121.77 billion (11.2%), and construction with PhP87.40 billion (8.1%).