Foreign investments up 87% in Q1

Total value of registered projects hits P34.6B

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Total foreign investments approved by seven investment promotion agencies surged by 86.7 percent to P34.6 billion in the first quarter of the year from P18.5 billion a year ago.

These agencies are the Board of Investments, Clark Development Corp., Philippine Economic Zone Authority, Subic Bay Metropolitan Authority, Authority of the Freeport Area of Bataan, BOI-Autonomous Region of Muslim Mindanao and Cagayan Economic Zone Authority, according to the National Statistical Coordinating Board (NSCB).

NSCB data showed accommodation and food service activities accounted P19.5 billion, or 56.5 percent, of the amount posted in the period.

The manufacturing sector came in second with P7.6 billion, followed by real estate with P2.7 billion.

British Virgin Islands, Japan and the Netherlands were the top three investment sources in the first quarter. Firms registered in British Virgin Islands accounted for P19.6 billion, or 56.6 percent, of the total foreign investment registration in the quarter. Japan and the Netherlands followed with P5.2 billion and P2.2 billion, respectively.

In the meantime, approved investments of Filipino companies also surged by 114.8 percent to P54.8 billion in the first quarter, from P25.5 billion a year ago.

The amount brought the total approved investments of both Filipino and foreign nationals to P89.4 billion, or double the P44 billion worth of investments approved a year ago.

Projects from foreign and Filipino investors approved in the first quarter of 2013 are seen to generate 33,746 jobs. Of the total, 81.8 percent or 27,620 jobs would come from projects with foreign interest.

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  • neilabarca

    Base sa World Investment Report 2013, the United Nations Conference on Trade and Development (UNCTAD), in terms of 2012 Foreign Direct Investment (FDI), KULELAT ang Pilipinas sa ASEAN.

    6. Philippines: $2.797 billion

    5. Vietnam, $8.4 billion;

    4. Thailand, $8.6 billion;

    3. Malaysia, $10.07 billion

    2. Indonesia, $19.85 billion; and

    1. Singapore, $56.65 billion.

    Ang 2013 first quarter 7.8% economic growth na sinasabing “shining economy” is not translating to more FDI. Ang mataas na singil sa kuryente, peace and order at poor business climate ang ilan sa dahilan.

    • mojo76

      Whats your point here…..to comment another negative and justifying where still lagging behind,we knows that we still have problem to solve but atleast this government is trying hard to change the image of the philippines

      • Guest

        mojo, I’m all for more investments and changing our image. but are you even aware of the growing smuggling right under the nose of Bureau of Customs? the only reason why Ruffy can’t put a stop to it is because he serves at he pleasure of the president. the president’s sisters and brothers-in-law are brokering the release of cargo containers. in the bureau, we call them the Dos Marias. in layman’s term, it’s called influence peddling. kaya nakakainis, all the while I thought real reforms were kicking in.

      • crisostomo_ibarra_the3rd

        You call them kamo dos marias? Bakit hindi mo isumbong kay Bise, or kay tulfo or kay manong johnny? Me alam ka pala wala ka namang ginagawa para ito masugpo. Reklamador!

      • mojo76

        if you know something why not give it to opposition party it will be good p.r to them and we could shed the light if it is true or not…..as long you dont do about it nothing will change.remember evil thrive in this world coz good guys doesnt do anything…..

      • neilabarca

        Sa kabila ng slogan na “kung walang corrupt, walang mahirap” nung 2009 election campaign at pinanindigan nuong 2010 state of the nation address (SONA), tatlong taon (3 years) na nagta-TRYING HARD ang PNOY GOVT;

        Nananatiling sick man of Asia ang Pilipinas at patuloy na nasa INTENSIVE CARE UNIT (ICU) at BANGKAROTE.

        Magsaya, may bagong IMAGE naman ang Pinas sa pamumuno ni PNOY at BINAY, validictorian sa pagiging DYNASTY CAPITAL ng mundo at numero unong HUMAN TRAFFICKING CAPITAL of ASIA…

        TOTOO nga MOJO76, It’s more fun in the Philippines nga….

        .

      • Chrisnadal19

        .. a nation needs to attain more than 7% growth for more than 10 years to “feel” those changes. don’t judge right away because we are only at the 2nd yr of strong growth.

      • Allen Douglas

        Ten years? Is it another good excuse for this govt to have a good exit come 2016?

      • Guest

        Allen, clearly, you don’t have any sense of economics. Feeling ko ang ini-expect mo ay agad agad mala-Singapore na tayo. Hindi ata magaling na presidente ang hanap mo.. Magaling na magician ang gusto mo. Nag-aral ka ba ng economics? Siguro pag maging presidente ka, uutusan mo ang BSPag imprenta ng maraming pera.. haha.

      • crisostomo_ibarra_the3rd

        Its not an excuse. It is actually the reality. China did not become an economic giant in the first 3 years of consistent high growth rate. It transcended political changes. With the good governance and corruption free Philippines, continuous economic growth is a possibility. Until another fake economist and corrupt one at that goes to the palace. As long as the next leader is not corrupt, we can see a bright future ahead.

      • Diablo_III

        Yesss.. Bankrupt tayo.. Pobre ang Pinoy… walang pag-asa yan ang gusto natin… Yes, mga LOSERS tayo lahat. whoooo… Ang sarap… Magsaya tayo mga crabs….kasi wala na tayong pag-asa… Yess…

      • crisostomo_ibarra_the3rd

        Bangkarote ba yung 7.8% growth rate which incidentally is the best growth rate in the whole of Asia even beating strongman China?

    • Chrisnadal19

      we all know that. It will just take time… if you’re impatient, better leave.

      • Allen Douglas

        Truth hurts…..

    • neilabarca

      If the policy FRAMEWORKs and Objectives in the FIRST 100 days to one year is wrong and bad, then, for sure, 6 years in office will definitely gone wrong. mEANING, MADALING MAKIKITA at MA-prePREDICT ang DIRECTION of the GOVERNMENT..

      Ganito ang malungkot na nangyari sa PNOY administration. After 3 years in POWER, HOSTAGE at na-HIJACK ng CLAN POLITICS, DYNASTY and ELITISM ang kawawang si PNOY.

      Naging bangungot ang “daang matuwid…”

      • crisostomo_ibarra_the3rd

        If the policy framework and objective in the first 100 days to 1 year is wrong, do you mean the 7.8% growth rate is wrong? Isnt it true that the framework and objectives are actually right? Otherwise, we would not get the consistently higher growth rate the last few years? If the objective is wrong, then we could have seen the same big time corruption of the past. DI kaya?

      • neilabarca

        quarterly 7.8% exclusive growth rate. Precisely, mga magkakamag-anak, KKK, OLIGARCHY / DYNASTIES, foreign investors. Kakaibang klaseng growth rate, Sabi ng marami, it’s a fake…basically, HOT MONEY and GAMBLING…

      • crisostomo_ibarra_the3rd

        Mga reklamador lang na katulad mo ang nagsasabi na fake ang 7.8% growth rate kasi hindi matanggap ng mga reklamador na nagbabago na ang Pilipinas. Fake din kaya yung investment grade ng Fitch, ng S&P at ng JCRA?

    • crisostomo_ibarra_the3rd

      Can you tell us the investments of the same countries in the last 3 years? Hindi ba isang positive indication ang numbers na binigay mo? In spite of $2.7 B FDI, the Philippines have managed to grow by 7.8%. Can you imagine what the growth would have been if the investment is double of what we actually got?

      Did you read the latest data? The FDI in the first quarter of 2013 was 87% higher than last year’s first quarter? Would that be any indication of what is in store for 2013?

  • Weder-Weder Lang

    P34.6 billion FDI in Q1? But where is it? Why can’t the people feel it?

    Kasi nasa approval stage pa lang pala. It’s all just on paper. It’s not the real deal yet.

    • Chrisnadal19

      what do you mean can’t feel it? when you can say we have felt it? when all Filipinos are millionaires already? That’s a problem with us, we don’t check on the progress and the process of how things gets done to have a reasonable result, we just want to be instant rich.

      • Allen Douglas

        No need for every Pinoy to become millionaires. All you have to do is look around….more and more Filipinos are getting hungry everyday…..

      • Diablo_III

        Yes, ako rin gutom…Mga kababayan ko gutom at walang trabaho.. Ang sarap walang trabaho nasa bahay lang… Bankrupt ang Pinas mga Losers tayo lahat. Walang pag-asang umangat. Mga bobo mga botante… Yes…. Patay-gutom mga Pinoy… Magsaya tayo mga Crabs…. Yess.

      • crisostomo_ibarra_the3rd

        Hungry? Actually more and more OFWs are buying the condos of SMDC, ALI, Century Properties, Megaworld and Robinsonland. Wag mong alalahanin ang mga hungry, kuntento na sila sa CCT.

      • Weder-Weder Lang

        Poverty and unemployment are up. Numbers don’t lie. These numbers even came from PNoy’s own administration. Keep yourself abreast of the latest news.

    • crisostomo_ibarra_the3rd

      Bakit ka nagtanong? Alam mo naman pala ang sagot. Para kang si congressmang pulpol nagpaka hero, palpak naman. KSP katulad mo. Lol!

      • Weder-Weder Lang

        Uy, bumalik ang interest mo sa economics. Matagal-tagal ka ring nawala noong masupalpal ka ni Hayek sa Manila.

      • crisostomo_ibarra_the3rd

        Ibig mong sabihin hayek na hayek ka na?

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