Total IPA-approved investments in Jan-Sep 2018 amounted to PhP559.57 billion, lower by 10.6% from the PhP626.24 billion approved in the same period last year. Of this total amount, 83.7% (or PhP468.56 billion) came from Filipino investors, and 16.3% (or PhP91.01 billion) from foreign investors.
British Virgin Islands was the Philippines’ top investing country in Jan-Sep 2018, with its investment commitments totaling PhP15.80 billion, accounting for 17.4% of total foreign pledges. This was followed by Japan, Php14.96 billion (16.4%), Malaysia, PhP14.23 billion (15.6%), USA, PhP9.07 billion (10.0%), and Singapore, PhP5.92 billion (6.5%).
Foreign investment commitment for electricity, gas, steam & air conditioning supply was the largest at PhP167.55 billion (29.9%). Manufacturing came in second with PhP131.06 billion (23.4%), followed by transportation and storage with PhP104.55 billion (18.7%), real estate activities with PhP68.64 billion (12.3%), and construction with PhP34.15 billion (6.1%).