Total IPA-approved investments in Q1 2018 amounted to P184.99 B, higher by 52.3% from the P121.46 B approved in the same quarter last year. Of this total amount, 92.3% (or P170.78 B) came from Filipino investors, and 7.7% (or P14.21 B) from foreign investors.
Japan was the Philippines’ top investing country in Q1 2018, with its investment commitments totaling P7.86 B, accounting for 55.3% of total foreign pledges for the quarter. This was followed by UK, P1.54 B (10.9%), the Netherlands, P0.88 B (6.2%), Singapore, P0.57 B (4.0%), and USA, P0.56 B (3.9%).
Foreign investment commitment for electricity, gas, steam & air conditioning supply was the largest at P104.27 B (56.4%). Real estate activities came in second with P25.06 B (13.5%), followed by manufacturing with P24.47 B (13.2%), water supply; sewerage, waste management and remediation activities with P13.87 B (7.5%), and transportation and storage with P9.89 B (5.3%).