BOI-PEZA Approved Investments
BOI-PEZA approved investments in Jan-May 2018 amounted to PhP251.60 billion, which is 10.8% lower than the PhP282.22 billion approved investments during the same period last year. Of the total amount, 82.5% (or PhP207.48 billion) was approved by BOI, while 17.5% (or PhP44.12 billion) was from PEZA.
The biggest share was committed to electricity, gas, steam & airconditioning supply at PhP106.63 billion (or 42.4%). This is higher by 146.3% compared to its level last year. Transportation and storage came in second with PhP39.89 billion (or 15.9%), followed by real estate activities with PhP37.05 billion (or 14.7%), manufacturing with PhP34.95 billion (or 13.9%), and water supply, sewerage and waste management with PhP13.87 billion (or 5.5%).
Japan was the biggest country source of the BOI-PEZA approved foreign investments, with PhP12.75 billion (or 45.3%), which is 286% higher than its PhP3.30 billion investment commitment in Jan-May last year. USA came in next with PhP3.45 billion, followed by UK with PhP1.60 billion, Singapore with PhP1.55 billion, and Netherlands with PhP1.18 billion.