BOI-PEZA approved investments in 2017 amounted to PhP854.35 billion, which is 29.4% higher than the PhP660.22 billion approved investments last year. Of the total amount, 72.2% (or PhP616.78 billion) was approved by BOI, while 27.8% (or PhP237.57 billion) was from PEZA.
The biggest share was committed to electricity, gas, steam & airconditioning supply at PhP284.35 billion (or 33.3%). This is higher by 34.7% compared to its level last year. Real estate activities came in second with PhP239.61 billion (or 28.1%), followed by manufacturing with PhP144.35 billion (or 16.9%), construction/PPP projects with PhP127.66 billion (or 14.9%), and transportation and storage with PhP16.19 billion (or 1.9%).
Japan was the biggest country source of the BOI-PEZA approved foreign investments, with PhP31.91 billion (or 31.9%), which is 21.2% higher than its PhP26.3 billion investment commitment last year. Taiwan came in next with PhP10.41 billion, followed by Singapore with PhP10.08 billion, Netherlands with PhP9.64 billion, and USA with PhP8.36 billion.