ADVERTISEMENT
Manila Bulletin devider Business devider PSA: Foreign investment pledges double in Q3

PSA: Foreign investment pledges double in Q3

Published Nov 14, 2023 07:09 am

At A Glance

  • Foreign investment pledges approved by the government rose by an annual 109.3 percent from July to September, according to the Philippine Statistics Authority (PSA).<br>Total foreign investment commitments jumped to P27.30 billion in the third quarter from the P13.5 billion recorded in the same period last year.<br>These pledges were made to and approved by the Board of Investments (BOI), Authority of the Freeport Area of Bataan, Clark Development Corporation, Cagayan Economic Zone Authority, Philippine Economic Zone Authority, Subic Bay Metropolitan Authority, and Zamboanga City Special Economic Zone Authority.<br>Singapore accounted for the biggest value of investment committed, at P13.4 billion or 60.2 percent of the quarter's total, followed by Taiwan and United Kingdom.

Approved foreign investment pledges in the third-quarter of the year more than doubled, data from the Philippine Statistics Authority (PSA) showed.

Total foreign investment commitments approved by investment promotion agencies (IPAs) increased by 109 percent to P27.3 billion in July to September 2023 from P13.5 billion in the same period of the previous year.

The third quarter data covers those pledges made to and approved by the Board of Investments (BOI), Authority of the Freeport Area of Bataan, Clark Development Corporation, Cagayan Economic Zone Authority, Philippine Economic Zone Authority, Subic Bay Metropolitan Authority, and Zamboanga City Special Economic Zone Authority.

However, no foreign investment approvals were reported by five IPAs during the quarter.

These were the BOI-Bangsamoro Autonomous Region in Muslim Mindanao (BOI-BARMM), Clark International Airport Corporation (CIAC), Poro Point Management Corporation, and Tourism Infrastructure and Enterprise Zone Authority.

On the other hand, several latest additions to the list of IPAs also had no approved foreign investments in the period which are the Bases Conversion and Development Authority and John Hay Management Corporation.

Prospective inflows from investors that are based in Singapore accounted for the biggest value of investment committed, at P13.4 billion or 60.2 percent of the quarter’s total. This was followed by Taiwan (P3.63 billion or 13.3 percent) and United Kingdom (P3.6 billion or 11.2 percent).

In terms of business activity, the manufacturing sector represented the largest amount of approved investment at P16.43 billion or 60.2 percent of the total.

This was followed by administrative and support service activities (P4.28 billion or 15.7 percent) and real estate activities (P4.22 billion or 15.5 percent).

Among the regions in the country, Calabarzon accounted for the largest share of pledged investment amounting to P14.56 billion or 53.3 percent of the total for the third quarter.

This was followed by Central Luzon (P6.13 billion or 22.4 percent) and Central Visayas with (P3.87 billion or 14.2 percent).

Meanwhile, the total approved investments of foreign and Filipino nationals reached P83.50 billion in the third quarter, a decrease of 47.6 percent compared with P159.38 billion in the same period last year.

Filipino nationals contributed P56.19 billion or 67.3 percent.

Approved investments of foreign and Filipino nationals in the third quarter were expected to generate a total of 22,571 jobs, which was a decline of 20.7 percent from the 28,458 expected employment in the same quarter last year.

Out of this total employment, 19,192 or 85 percent would be absorbed by foreign investment projects.

Related Tags

Philippine Statistics Authority foreign investment
ADVERTISEMENT
.most-popular .layout-ratio{ padding-bottom: 79.13%; } @media (min-width: 768px) and (max-width: 1024px) { .widget-title { font-size: 15px !important; } }

{{ articles_filter_1561_widget.title }}

{{ item.title }}
.most-popular .layout-ratio{ padding-bottom: 79.13%; } @media (min-width: 768px) and (max-width: 1024px) { .widget-title { font-size: 15px !important; } }

{{ articles_filter_1562_widget.title }}

{{ item.title }}
.most-popular .layout-ratio{ padding-bottom: 79.13%; } @media (min-width: 768px) and (max-width: 1024px) { .widget-title { font-size: 15px !important; } }

{{ articles_filter_1563_widget.title }}

{{ item.title }}

{{ articles_filter_1564_widget.title }}

{{ item.title }}
.mb-article-details { position: relative; } .mb-article-details .article-body-preview, .mb-article-details .article-body-summary{ font-size: 17px; line-height: 30px; font-family: "Libre Caslon Text", serif; color: #000; } .mb-article-details .article-body-preview iframe , .mb-article-details .article-body-summary iframe{ width: 100%; margin: auto; } .read-more-background { background: linear-gradient(180deg, color(display-p3 1.000 1.000 1.000 / 0) 13.75%, color(display-p3 1.000 1.000 1.000 / 0.8) 30.79%, color(display-p3 1.000 1.000 1.000) 72.5%); position: absolute; height: 200px; width: 100%; bottom: 0; display: flex; justify-content: center; align-items: center; padding: 0; } .read-more-background a{ color: #000; } .read-more-btn { padding: 17px 45px; font-family: Inter; font-weight: 700; font-size: 18px; line-height: 16px; text-align: center; vertical-align: middle; border: 1px solid black; background-color: white; } .hidden { display: none; }
function initializeAllSwipers() { // Get all hidden inputs with cms_article_id document.querySelectorAll('[id^="cms_article_id_"]').forEach(function (input) { const cmsArticleId = input.value; const articleSelector = '#article-' + cmsArticleId + ' .body_images'; const swiperElement = document.querySelector(articleSelector); if (swiperElement && !swiperElement.classList.contains('swiper-initialized')) { new Swiper(articleSelector, { loop: true, pagination: false, navigation: { nextEl: '#article-' + cmsArticleId + ' .swiper-button-next', prevEl: '#article-' + cmsArticleId + ' .swiper-button-prev', }, }); } }); } setTimeout(initializeAllSwipers, 3000); const intersectionObserver = new IntersectionObserver( (entries) => { entries.forEach((entry) => { if (entry.isIntersecting) { const newUrl = entry.target.getAttribute("data-url"); if (newUrl) { history.pushState(null, null, newUrl); let article = entry.target; // Extract metadata const author = article.querySelector('.author-section').textContent.replace('By', '').trim(); const section = article.querySelector('.section-info ').textContent.replace(' ', ' '); const title = article.querySelector('.article-title h1').textContent; // Parse URL for Chartbeat path format const parsedUrl = new URL(newUrl, window.location.origin); const cleanUrl = parsedUrl.host + parsedUrl.pathname; // Update Chartbeat configuration if (typeof window._sf_async_config !== 'undefined') { window._sf_async_config.path = cleanUrl; window._sf_async_config.sections = section; window._sf_async_config.authors = author; } // Track virtual page view with Chartbeat if (typeof pSUPERFLY !== 'undefined' && typeof pSUPERFLY.virtualPage === 'function') { try { pSUPERFLY.virtualPage({ path: cleanUrl, title: title, sections: section, authors: author }); } catch (error) { console.error('ping error', error); } } // Optional: Update document title if (title && title !== document.title) { document.title = title; } } } }); }, { threshold: 0.1 } ); function showArticleBody(button) { const article = button.closest("article"); const summary = article.querySelector(".article-body-summary"); const body = article.querySelector(".article-body-preview"); const readMoreSection = article.querySelector(".read-more-background"); // Hide summary and read-more section summary.style.display = "none"; readMoreSection.style.display = "none"; // Show the full article body body.classList.remove("hidden"); } document.addEventListener("DOMContentLoaded", () => { let loadCount = 0; // Track how many times articles are loaded const offset = [1, 2, 3, 4, 5, 6, 7, 8, 9, 10]; // Offset values const currentUrl = window.location.pathname.substring(1); let isLoading = false; // Prevent multiple calls if (!currentUrl) { console.log("Current URL is invalid."); return; } const sentinel = document.getElementById("load-more-sentinel"); if (!sentinel) { console.log("Sentinel element not found."); return; } function isSentinelVisible() { const rect = sentinel.getBoundingClientRect(); return ( rect.top < window.innerHeight && rect.bottom >= 0 ); } function onScroll() { if (isLoading) return; if (isSentinelVisible()) { if (loadCount >= offset.length) { console.log("Maximum load attempts reached."); window.removeEventListener("scroll", onScroll); return; } isLoading = true; const currentOffset = offset[loadCount]; window.loadMoreItems().then(() => { let article = document.querySelector('#widget_1690 > div:nth-last-of-type(2) article'); intersectionObserver.observe(article) loadCount++; }).catch(error => { console.error("Error loading more items:", error); }).finally(() => { isLoading = false; }); } } window.addEventListener("scroll", onScroll); });
Join Our Newsletters

Sign up by email to receive news.

© 2025 Manila Bulletin The Nation's Leading Newspaper. All Rights Reserved.