Total IPA-approved investments in Q1 2018 amounted to PhP184.99 billion, higher by 52.3% from the PhP121.46 billion approved in the same quarter last year. Of this total amount, 92.3% (or PhP170.78 billion) came from Filipino investors, and 7.7% (or PhP14.21 billion) from foreign investors.
Japan was the Philippines’ top investing country in Q1 2018, with its investment commitments totaling PhP7.86 billion, accounting for 55.3% of total foreign pledges for the quarter. This was followed by UK, PhP1.54 billion (10.9%), the Netherlands, PhP0.88 billion (6.2%), Singapore, PhP0.57 billion (4.0%), and USA, PhP0.56 billion (3.9%).
Foreign investment commitment for electricity, gas, steam & air conditioning supply was the largest at PhP104.27 billion (56.4%). Real estate activities came in second with PhP25.06 billion (13.5%), followed by manufacturing with PhP24.47 billion (13.2%), water supply; sewerage, waste management and remediation activities with PhP13.87 billion (7.5%), and transportation and storage with PhP9.89 billion (5.3%).