NSCB - 3rd Quarter 2010 Approved investments, foreign and Filipino nationals

1. Total approved investments of foreign and Filipino nationals

1.1 Third Quarter 2010

The combined investment pledges of foreign and Filipino nationals reached PhP 55.8 billion in the third quarter of 2010, almost twice the PhP 30.7 billion committed in the same period in 2009.

Of the PhP 55.8 billion worth of investment pledges, about two thirds or PhP 36.8 billion would come from Filipino nationals. Prospective ventures from Filipino nationals increased by 81.3 percent from the year ago level of PhP 20.3 billion.

The bulk or 64.4 percent of investment commitments made by foreign and Filipino nationals, amounting to PhP 35.9 billion were coursed through BOI. PEZA shared 34.6 percent or PhP 19.3 billion while CDC and SBMA put in a combined share of 1.0 percent or PhP 0.5 billion.

With the exception of BOI which posted a 643.3 percent increase, all IPAs experienced double-digit declines in investment pledges made by foreign and Filipino nationals during the quarter.

Figure 1 Total Approved Investments of Foreign and Filipino Nationals
Third Quarter, 2009 and 2010

Source: BOI, CDC, PEZA, SBMA

1. 2 January to September 2010

Investment commitments from both foreign and Filipino nationals increased to PhP 320.2 billion during the first nine months of 2010 from PhP 117.5 billion. The bulk or 75.2 percent of investments approved during the period came from Filipino investors with PhP 240.8 billion worth of pledges.

Prospective ventures from foreign and Filipino investors coursed through all major IPAs registered significant increases with CDC topping the list, which expanded by 400.3 percent from PhP 4.9 billion to PhP 24.4 billion. BOI followed closely at 348.6 percent increase from PhP 45.9 billion to PhP 205.9 billion.

In terms of share, BOI occupied the top post, contributing 64.3 percent, followed by PEZA, cutting in 25.2 percent or PhP 80.6 billion. CDC and SBMA recorded a combined share of 10.5 percent or PhP 33.7 billion of the total investments approved during the nine-month period.

2. Total approved investments of foreign and Filipino nationals by industry

2.1 Third Quarter 2010

Investment pledges of foreign and Filipino nationals committed during the quarter are intended to fund projects in manufacturing which received 36.0 percent of the pie, or PhP 20.1 billion. Of this amount, 40.3 percent or PhP 8.1 billion would come from Filipino investors.

Electricity, gas and water stands to receive 30.0 percent or PhP 16.8 billion, mostly in power generation. Finance and real estate, and transportation, storage and communication would get a share of 16.2 percent or PhP 9.0 billion, and 14.8 percent or PhP 8.3 billion, respectively.

Figure 2 Total Approved Investments by Industry
Third Quarter 2010

Source: BOI, CDC, PEZA, SBMA

2.2 January to September 2010

Of the PhP 320.2 billion worth of investment pledges of both foreign and Filipino nationals in January to September 2010, more than half (53.2 percent) or PhP 170.5 billion are intended to fund projects in electricity, gas and water. Manufacturing garnered 21.9 percent share or PhP 70.2 billion, and finance and real estate at 13.1 percent or PhP 41.8 billion. The three industries have been consistent recipients of investment commitments from both foreign and Filipino investors. Potential Investments in manufacturing as well as in electricity, gas and water increased significantly compared to finance and real estate which dropped to PhP 41.8 billion from PhP 52.7 billion.

3. Projected employment from approved investments of foreign and Filipino nationals

3.1 Third Quarter 2010

Projects from foreign and Filipino investors approved in the third quarter of 2010 are expected to generate 26,857 new jobs, 36.8 percent higher than the 19,638 potential jobs in 2009. Projects registered through PEZA posted the highest projected employment at 19,392 new jobs, and contributed 72.2 percent of the total projected employment for the period. BOI would share 25.7 percent or 6,889 jobs of the total potential jobs while the rest would come from CDC and SBMA-approved projects.

All IPAs except SBMA registered increases in the number of potential jobs expected from foreign and Filipino ventures.

3.2 January to September 2010

For the period January to September 2010, a total of 96,473 jobs is expected to be generated from investments of foreign and Filipino nationals. All IPAs registered increases in the number of potential jobs with CDC posting the highest growth of 147.8 percent, from 1,744 jobs to 4,321 jobs.

Majority or 65.8 percent would come from investment projects coursed through PEZA, followed by BOI at 21.8 percent or 21,001 jobs, SBMA at 7.9 percent or 7,632 jobs, and CDC, 4.5 percent or 4,321 jobs.

4. Projected employment from approved investments of foreign and Filipino nationals by industry

4.1 Third Quarter 2010

Of the 26,857 potential jobs expected from total approved investments of foreign and Filipino nationals during the quarter, almost half or 48.4 percent would come from manufacturing. Finance and real estate, and private services would supply 33.1 percent or 8,882 jobs and 11.2 percent or 2,996 jobs, respectively. Agriculture; construction; electricity, gas and water; mining and quarrying; trade; and transportation, storage and communication are seen to provide a total of 1,986 jobs or a combined share of 7.4 percent of the total projected employment in the third quarter of 2010.

Table 1 Projected Employment from Approved Investments, by Industry
Third Quarter, 2009 and 2010

Source: BOI, CDC, PEZA, SBMA

4.2 January to September 2010

Out of the 96,473 jobs expected to be generated from prospective projects of foreign and Filipino investors registered in the first three quarters of 2010, manufacturing; finance and real estate; and private services are foreseen to get the lion’s shares of labor at 43.3 percent, 27.0 percent and 24.6 percent, respectively. The rest of the potential jobs totaling 4,909 will be shared by agriculture; construction; electricity, gas and water; mining and quarrying; trade; and transportation, storage and communication.

Table 2 Projected Employment from Approved Investments, by Industry
January to September, 2009 and 2010

Source: BOI, CDC, PEZA, SBMA


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