INVESTMENTS - Philippine Statistics Authority 2nd Qtr..pdf · 2018. 11. 27. · Health Accounts...

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Foreign DirectINVESTMENTS

SECOND QUARTER 2013

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Approved Foreign Investments, 02 2013

Foreign Investments in the PhilippinesSecond Quarter 2013

Summary

Total approved foreign investments (FI), 02 and First Semester 2013

Total foreign investments (FI)' approved in the second quarter of 2013 by the seveninvestment promotion agencies (IPAs), namely: Board of Investments (BOI), ClarkDevelopment Corporation (CDC), Philippine Economic Zone Authority (PEZA), and Subic BayMetropolitan Authority (SBMA) as well as the Authority of the Freeport Area of Bataan (AFAB),BOI-Autonomous Region of Muslim Mindanao (BOI-ARMM), and Cagayan Economic ZoneAuthority (CEZA) amounted to PhP 58.8 billion, 159.6 percent higher than the PhP 22.7 billionrecorded in the same period last year. Meanwhile, total approved FI for the first six months of2013 reached PhP 93.4 billion, increasing by 126.9 percent from the amount recorded lastyear at PhP 41.2 billion (Figures 1a and 1b below and Part II - Tables 1a, 1band 1c).

Figure 1a Figure 1bTotal Approved FI Total Approved FI

Second Quarter, 2012 and 2013 First Semester, 2012 and 2013

70.0 100.0 93.4

58.8 90.0 ••••60.0 ••••••• eo.o ••••50.0 •••• 70.0 •••••••• •••• •••• • 60.0 ••••g 40.0 •••• 0 ••••~ •••• ~ 50.0 ••••0 •••• 0 41.2 ••••~

30.0 •••• ~ 40.0 ••••22.7 •••• •••:c20.0 •••• :c 30.0 ••••.E •••• .E •••••••• 20.0 •••••••• ••••10.0 •••• •••••••• 10.0 ••••••••

02 02 Semi Semi2012 2013 2012 2013

Source: AFAB, BOI, BOI-ARMM, CDC, CEZA, PEZA, SBMA

InsidePart I - Analysis

A. APproved foreignInvestments "" 4 to 10

B. 6P.proved investments of foreign andFIlipino nationals 11 to 15

C. Agproved Investments in theInfOrmation and CommunicationsTechnology (ICT)Industry •.•..•.•.•.......•.•.....•..... 16 to 18

D. Actual foreipn direct investmentsin Ihe Salaifce of Payments •.•.•. 18 to 20

Part 11- Statistical Tables

(a) Fore/gn Investments (FI) and Investments by Filipinos approved by the Board ofInvestments (BOI), Clark Development Corporallon (CDC), PMipplne Economic ZoneAuthority (PEZA), Sublc Bay Metropolilan Authority (SBMA), Authority of the FreeportArea of Bataan (AFAB), BOI-Autonomous Region or Muslim Mindanao (BOI.ARMM),and Cagayan Economic Zone Authority (CEZA) for the first quarter of 2011 to thesecond quarter 012012;

(b) Actusl foreign direct Investments (FOI) as presented In the Balance of Payments (BOP)by the Department of Economic Statistics of the Bangko Sentral ng Pniplnas (BSP).

About this reportthis report Is the 64" of a series on quarterty statistics on foreign Investments (FI) in thePhilippines, lntegraUng the quarterty statistical reports on FI submitted by the govemment'sInvestments promotion, administration and regulation agencies. It provides an anatysls of the:

Notes: (a) Starting with 03 2012 Report. lorelgn Investments approved and registered by theInvestment promol1on agencies (IPAs) would be termed approved "foreign Investments," replacingthe term approved "foreign direct Investments. used In the previous reports. This Is to distinguishdearty the approved foreign Investments whlctl are only commilments and pledges from theforeign dlred Investments (FOI) which are actual Investments being released by the BSP.

(b) Revisions In the previous quarters' data are based on the upclates provided by theInvestment promotion agencies.Annex A presents the technical notes on the data and compnatlon methodology while Annex B gives a brief background on the Foreign InvestmentInlormation System (FitS) that generates the FI stattstlcs presented In this report.

I Approved FI represents the amount of proposed contribution Or share of foreigners to various projects in the country asapproved and registered by the IPAs. This consists of equity. loans and reinvested eamings. (See Annex A - Technical Notes)


The top three prospective investing countries for the second quarter of 2013 include theUnited States of America (USA), Japan, and the Netherlands. The USA topped the list,pledging PhP 43.2 billion or 73.4 percent share during the quarter. Following behind areJapan and the Netherlands, committing PhP 4.2 billion and PhP 3.8 billion, or 7.2 percent and6.5 percent of the total approved FI, respectively, during the quarter (Part II - Table 2a).

Meanwhile, the top three sources of FI for the first semester of 2013 were the USA, BritishVirgin Islands, and Japan. USA leads the list with investment commitments of PhP 44.3 billion(Part II - Table 2b).

The electricity, gas, steam, and air conditioning supply industry contributed the largest amountof committed foreign investments in the second quarter of 2013. The investment pledges forthe industry was registered at PhP 43.3 billion or 73.7 percent of total FI during the quarter.Manufacturing came in second with investment pledges valued at PhP 7.0 billion, contributing11.8 percent, followed by administrative and support service activities, which accounted for5.2 percent or PhP 3.1 billion (Part II - Table 3a).

For the first semester of 2013, electricity, gas, steam and air conditioning supply maintainedthe top post, with commitments of PhP 43.7 billion, followed by accommodation and foodservice activities at PhP 20.5 billion and manufacturing at PhP 14.6 billion. (Part II - Tables3a and 3b).

Foreign direct investments in the Balance of Payments (BOP)', 02 and First Semester2013

FDi in the Balance of Payments (BOP) as compiled by the Bangko Sentral ng Pilipinas (BSP)recorded net infiows of US$ 124.0 million in the second quarter of 2013 from US$ 549.0million in the same period last year or a decrease of 77.4 percent (Part II - Table 14a).Meanwhile, net FDI inflows in the first semester of 2013 amounted to US$ 2.2 billion, higherby 10.9 percent from the same period in 2012 (Part II - Table 14b).

In peso terms, FDI in the BOP for second quarter 2013 posted a net inflow of PhP 5.0 billionfrom PhP 23.6 billion in the same period last year, declining by 78.8 percent (Part II - Table13a). For the first six months of the year, FDI in the BOP recorded a net inflow of PhP 89.0billion, posting a 4.3 percent increase from a net inflow of PhP 85.4 billion in the same periodthe previous year (Part Ii - Table 13b).

Approved investments of foreign and Filipino nationals (Q2 and First Semester 2013)

Approved investments of foreign and Fiiipino nationals reached PhP 176.8 billion in thesecond quarter of 2013, increasing by 2.1 percent from last year's PhP 173.2 billion. Filipinonationals continued to dominate investments approved during the quarter, sharing 66.7percent or PhP 118.0 billion worth of pledges (Part II - Table 6a). Bulk of the investmentscommitted by Filipinos are intended to finance activities in electricity, gas, steam and airconditioning supply, contributing PhP 118.9 billion and with a share of 67.2 percent, followedby real estate activities at PhP 33.5 billion or 19.0 percent share, and manufacturing at PhP12.1 billion or 6.8 percent share (Part II - Table 7a).

For the first semester, the total approved investments of foreign and Filipino nationalsamounted to PhP 266.3 billion, 206 percent higher than the PhP 217.2 billion committed ayear ago (Part II - Table 6b).

2 Refers to net FDI flows consisting of non~resjdents equity capital placements less non-residents equity capital withdrawals plusreinvested earnings plus net intercompany loans.

2


Projected employment from approved investments of foreign and Filipino nationals (02and First Semester 2013)

Total projects of foreign and Filipino investors approved by the seven IPAs for the secondquarter of 2013 are expected to generate 41,845 jobs, an increase of 25.4 percent from lastyear's projected employment of 33,381 jobs in the same period. Out of these anticipated jobs,79.1 percent would come from projects with foreign interest (Part II - Tables 4a & 8a).

For the first semester of the year, projected employment on approved investments reached75,765 jobs, up by 11.2 percent from the 68,123 jobs expected in the same period a yearago (Part II - Table 8b).

Approved investments of foreign and Filipino nationals in Information andCommunication Technology (ICT), 02 and First Semester 2013

Investments in information and communication technology (ICT) proposed by foreign andFilipino nationals in 02 2013 went up by more than three folds to PhP 4.2 billion from PhP 1.2billion committed in the second quarter of 2012. Share of the projects in ICT stood at 2.4percent of the total approved investments during the quarter. Foreign nationals remained asthe major source of investment pledges in ICT, committing PhP 3.9 billion worth ofinvestments or a share of 91.2 percent (Part II - Tables 5a and 9a).

Proposed investments in ICT for the first six months totaled PhP 8.2 billion, which is nearlytwice the PhP 4.2 billion committed in the first semester of 2012 (Part 11- Table 9b).

3

Approved Foreign Investments, Q2 2013

Part I - ANALYSIS

A. Approved foreign investments (FI)

A.1 Total approved FI

A.1.1 Second Quarter 2013

FI applications received and approved in the second quarter of 2013 by the seven investmentpromotion agencies (IPAs), namely: Board of Investments (BOI), Clark DevelopmentCorporation (CDC), Philippine Economic Zone Authority (PEZA), and Subic Bay MetropolitanAuthority (SBMA) as well as the Authority of the Freeport Area of Bataan (AFAB), BOI-Autonomous Region of Muslim Mindanao (BOI-ARMM), and Cagayan Economic ZoneAuthority (CEZA) amounted to PhP 58.8 billion, 159.6 percent higher than the PhP 22.7 billionrecorded in the same period last year. Among the IPAs, BOI registered the highest increasein 02 2013 at 582.4 percent to PhP 45.6 billion from PhP 6.7 billion in 02 2012, with a shareof 77.6 percent to total investments. The other IPAs which registered increases In FI in 022013 were CEZA and CDC, growing by 83.1 percent and 40.7 percent, respectively. Pledgesfrom SBMA and PEZA went down by 69.5 percent and 19.1 percent, respectively (Table Aand Part 11- Table 1b).

Table ATotal Approved FI by Investment Promotion Agency

(in million pesos)Second Quarter, 2012 and 2013

Agency I Appro;ed FI I Percent to Total I Growth RateI Q22012 I 022013 I 022013 022012 - 02 2013

AFAB 12.59 - - (100.00)BOI 6,688.8 45,641.4 77.6 582.4BOIARMM - - - -CDC 532.6 749.2 1.3 40.7CEZA 1567 28.7 0.0 83.1PEZA 15,284.7 12,370.3 21.0 (19.1)SBMA 128.9 39.4 0.1 (69.5)Total 22,663.3 58,829.0 100.0 159.6Source: AFAB, BOI, BOI-ARMM, CDC, CEZA, PEZA, SBMA

A.1.2 January to June 2013

Total approved FI for the first six months of the year reached PhP 93.4 billion, increasing by126.9 percent from last year's PhP 41.2 billion. Bulk of total FI applications at 50.4 percentcoursed through BOI with pledges amounting to PhP 47.1 billion. PEZA came in second,contributing 48.4 percent or PhP 45.2 billion. CDC, CEZA, and SBMA jointly accounted for 1.2percent of the total FI in the first semester of 2013.

Investment pledges from the BOI grew the fastest followed PEZA and CEZA. On the otherhand, investment pledges from SBMA and CDC, declined by 36.3 percent and 62.6 percent,respectively (Table B below and Part II - Table 1c).

4


165.9 (100.0)10,422.2 47,090.2 50.4 351.8

2,137.1 799.7 0.9 (62.6)98.2 1149 0.1 17.0

28,071.8 45,239.8 48.4 61.22731 174.1 0.2 136.3'

41,168.3 93,418.7 100.0 126.9

Table BTotal Approved FI by Investment Promotion Agency

(in million pesos)First Semester, 2012 and 2013

r Appro""d FI TPercent to Total I Growth RateAgency ISem1 2012TSem1 2013l Sem1 2013 Sem1 2012- Sem1 2013

AFABBOIBOIARMMCDCCEZAPEZASBMATotal

Source: AFAB, BOI, BOI-ARMM, CDC, CEZA, PEZA, BBMA

Figure 2 below shows the series of quarterly approved FI from 01 1996 to 02 2013.

Figure 2Total Approved Foreign Direct Investments (in billion pesos)

First Quarter 1996 to Second Quarter 2013

250 r- _"- ------- ----- -- -------------- ------- """" 0 •••• ,." •••

200 c .

;;:I150" .• 0.~ a•..0.=0. ••<1100 .

1

003°100 00 00 8olao8~s80'- 00 0;110a 08 (;80 00 08 010a 80-1100 8 -31&S'8~~-8"'8ala 0800 a 8 0j'o08 alloSe0100,t996 1997 1998 1999 I 2000 2001 2002 2003 2004 2005 20116 I 2007 I 2008 20119 2010 2011 2012 ~01

50

Source: AFAB, BOI, BOI-ARMM, CDC, CEZA PEZA, SBMA

5


A.2 Top performing countries


The United States of America (USA) led the list of top countries as it intended to pour in PhP43.2 billion worth of investments, accounting for 73.4 percent of the total FI during the secondquarter of 2013. The amount is 10 times the PhP4.2 billion commitments made by the USA inthe same period last year. These investments are mostly intended to finance projects inelectricity, gas, steam, and air conditioning supply. Joining the USA as top sources of FI areJapan, with PhP 4.2 billion investment pledges or a share of 7.2 percent, and the Netherlands,culling in 6.5 percent of the pie or PhP 3.8 billion (Figure 3a below and Part II - Table 2a).

Figure 3aTotal Approved FI by Country of Investor

Second Quarter 2013

Others3.3%

Taiwan1.1%

British VirginIslands1.8%South Korea

2.4%Australia3.3%

Source: AFAB, BOI, BOI.ARMM, CDC. CEZA, PEZA, SBMA

6



On a semestral basis, USA still led all other countries, committing PhP 44.3 billion or 47.4percent of the total FI appiications, followed by the British Virgin Islands, sharing PhP 20.6billion or 22.1 percent, and Japan cutting in PhP 9.5 billion or 10.1 percent share. Of thesethree countries, investment pledges from British Virgin Islands recorded the highest increase,rising from PhP 77.2 million last year to PhP 20.6 billion in 02 2013. Meanwhile, the FIapplication from the USA grew by 5 folds during the period but pledges from Japan declinedby 32.0 percent (Figure 3b below and Part II - Table 2b).

Figure 3bTotal Approved FI by Country of Investor

First Semester 2013

Others6.8%

Singapore1.6%

South Korea1.8°1c.

Australia2.5%

Netherlands6.4%

..Japan10.1%1

British VirginIslands22.1°.t'o

Source: AFAB, B01, BOI-ARMM, CDC, CEZA, PEZA, SBMA

A.3 Top performing industries


The hefty investments worth PhP 43.4 biliion intended to fund projects in electricity, gas,steam, and air conditioning supply placed it at the top post, with a share of 73.7 percent. Theamount is 1,740 times higher compared to PhP 24.7 million committed to the industry in 022012 (Table C and Part II - Table 3a).

Trailing far behind are manufacturing with investment commitments valued at PhP 7.0 billion,contributing 11.8 percent, and administrative and support service activities at PhP 3.1 billionor 5.2 percent share. During the period, investments in manufacturing went down by 50.5percent, while administrative and support service activities rose by 508.4 percent compared tothe same period in 2012.

7


Table CTotal Approved FI by Industry' (in million pesos)

Second Quarter, 2012 and 2013

Approved FI Percent to Growth RateIndustry

Q2 2012 T Q22013 Total 02 022012 •2013 022013

A. Agriculture, fore~ and fishing 1,622.3 0.0 (100.0)l[:Mil)ing and guarl)'ing 1.]15.0 3.0C. Manufacturing 14,040.4 6,953.4 11.8. Electricity, gas, steam and air 24.7 43,370.2 73.7

conditioning supplyE. Water supply; sewerage, waste 737.4 1.2 0.0 (99.8)management and remediationactivities[F. Construction 1,572.6 (100.0):::1G. Wholesale and retail trade; 31.6 37.2 0.1 17.7repair of motor vehicles andmotorcyclestB. Tran~ortation and storage 2,507.0 272.9 0.5 (89.1)~I. Accommodation and food service 1,011.8 1.7activitiesfJ. Informa.lion and communication 457.3 785.6 1.3 71.8K. Financial and insurance activities 17.6 13.2 0.0 25.2. I'lMI...!'~teactivities 1,072.8 1,359.4 2.3 26.7M. Professional, scientific and 0.4 1.9 0.0 454.3technical activitiesN. Administrative and support 507.6 3,087.5 5.2 508.2rvl,ce activities

O. Public administration and 51.1 16.7 0.0 (67.4)defense; compulsory social security[[.Education 10.2 0.0O. Human health and social work 96.0 0.2activitiesR. Arts, entertainment and 4.3 36.9 0.1 764.7recreation

S. Other service activities 16.3 36.9 0.1 125.6Total 22,663.3 58,865.9 100.0 159.7

Source: AFAB, BOI, BOI-ARMM, CDC, CEZA, PEZA, SBMA


The large amount of investment commitments poured into the electricity, gas, steam, and airconditioning supply industry in the first semester of 2013 placed it at the top, receiving thehighest pledges worth PhP 43.7 billion or 46.8 percent share of the total. Pledges in the saidindustry jumped from PhP 171.3 million in the first semester of 2012. Accommodation andfood service activities came in second with investment commitments valued at PhP 20.5biliion or 22.0 percent share, followed by manufacturing at PhP 14.6 billion or 15.6 percentshare. Proposed investments in accommodation and food service activities rose by almost 11

3 Starting 012011 FOI report, the 2009 Philippine Standard Industrial Classification (PSIC) is adopted in classifying the industry. The2009 PSIC was used for the years 2010 and 2011 to make the data comparable.

8


folds while FI for manufacturing decreased by 44.0 percent (Table D below and Part II - Table3b).

Table DTotal Approved 1'1by Industry' (in million pesos)

First Semester, 2012 and 2013Approved 1'1 Percent to Growth Rate

IndustrySem1 2012 I Sem12013 Total Sem1 2012 -

Sem12013 Sem1 2013

A. Agriculture, fore~ and fishing 1,759.4 260 0.0 (96.5)IB:Mining and.g~arrying 1.784.6 1.91C. Manufacturing 26.078.5 14,614.1 15.6D..Electricity, gas, steam and air 171.3 43,678.6 46.8ondltioning supplyE.Water supply; sewerage, waste 737.4 1.7 0.0 (99.8)management and remediation activities

ll'. Construction 1,572.6 7.5 0.0 (99.5)::::JG. Wholesale and retail trade; repair of 66.7 69.9 0.1 4.8motor vehicles and motorcycles

[fi. Tran~ortatio.!!."!'.d.~rage 2,2.07.0 1,162.5 1.2 (53.6)::::JI. Accommodation and food service 1,600.7 20.532.6 22.0 1,182.7activities1JJ!i[0LI!!!!!iQ.nand communica tlon 845..1 1,P96.4 1.8 .. 100.7 1K. Financial and Insurance activities 55.5 29.5 0.0 46.7L. Real estate actlYlties 2,694.9 4,011.0 4.3 48.8M. Professional, scientific and technical 0.4 6.8 0.0 1,852.6activitiesN. Administrative and support service 2,869.5 5,630.1 . 6.0 96.2activitle_sO. Public administration and defense; 98.8 22.8 0.0 (77.0)compulsory social securityIp.. Education 8~.8 '1.,8 0.0 (86.9)::JQ. Human health and social work 96.0 0.1activitiesR. Arts, entertainment and recreation 4.5 36.9 0.0 . 725.9

S. Other service activities 16.3 0.0 (100.0)Total 41.168.3 93,418.7 100.0 126.9

Source: AFAB. BOI, BOI.ARMM. CDC. CEZA. PEZA. SBMA

A,4 Projected employment from approved FI

A,4.1 Second Quarter 2013

FI projects approved by the seven IPAs in the second quarter of 2013 are seen to generate33,109 jobs, increasing by 49.8 percent compared to 22,108 jobs expected in the same periodlast year (Part II - Table 4a).

PEZA-approved FI projects are expected to generate the most number of jobs at 26,585,accounting for 80.3 percent of the total for the quarter. BOI accounted for 3,908 jobs or 11.8percent share while CDC had a share of 2,444 jobs or 7.4 percent. The other IPAs hadminimal share of less than one percent in terms of job generation.

4 Starting 01 2011 FOI report, the 2009 Philippine Standard Industrial Classification (PSIC) is adopted in classifying the industry. The2009 psrc was used for the years 2010 and 2011 to make the data comparable.

9


In terms of growth rates, CDC bested the other IPAs in job generation, as projectedemployment rose by 1,021.1 percent compared to 2012 figures. Projected employment fromprojects registered with CEZA and PEZA grew by 134.3 percent and 58.8 percent,respectively. Meanwhile, projected employment from projects registered with BOI and 5MBAwent down by 19.3 percent and 42.7 percent, respectively.


Projected employment from approved FI commitments during the first half of 2013 stood at60,580 jobs from last year's 54,482 jobs, up by 11.8 percent. FI projects approved by PEZAare expected to generate the most number of jobs at 51,056 or 83.8 percent of the totalprojected employment, followed by BOI with 6,672 jobs or 11.0 percent, and CDC with 2,821jobs or 4.6 percent (Part II - Table 4b).

Among the IPAs, only CDC and PEZA recorded increases at 326.8 percent and 31.9 percent,respectively while the other IPAs registered declines in projected employment.

10


B. Approved investments of foreign and Filipino nationals

B.1 Total approved investments offoreign and Filipino nationals

B.1.1 Second Quarter 2013

Approved investments of Filipino and foreign nationals increased by 2.1 percent from PhP173.2 billion registered in the second quarter of 2012 to PhP 176.8 billion in 02 2013. Filipinonationals dominated the investments approved during the quarter, supplying 66.7 percent orPhP 118.0 billion, albeit lower by 21.6 percent from pledges committed a year ago. Filling upthe slack are investments by foreign nationals which grew by 159.6 percent, amounting toPhP 58.9 billion from PhP 22.6 billion in the previous year, and accounting for 33.3 percentshare (Figure 4 and Part II - Table 6a).

The bulk of the investment commitments of foreign and Filipino nationals for the quarter werecoursed through the BOI and PEZA with a combined share of 98.1 percent. Approvedinvestments coursed through the BOI, amounted to PhP 1436 billion, slightly lower than thePhP 147.1 billion approved a year ago. Placing second was PEZA with a share of 16.9percent, which grew by 25.9 percent, from PhP 23.8 billion to PhP 29.9 billion. The other IPAshad minimal share each, with SBMA PhP 18 billion worth of pledges from PhP 1.5 billion ayear ago. Meanwhile, approved investments by CDC more than doubled from PhP 724.7million to PhP 1.5 billion in 02 2013. Investment pledges through CEZA also doubled fromPhP 28.3 milion to PhP 62.5 million (Part II - Table 5a).

Figure 4Total Approved Investments of Foreign and Filipino Nationals

Second Quarter 2012 and 2013

150.0

100.0

172.8

o Filipino • Foreign

Total Approved InvestmentsSem1 2012 and Sem1 2013

50.0

250.0

300.0

S 200.0

~c~:c••

TotalApprovedInvestments022012 and02 2013

I mFilipino I3Foreign200.0

180.0

160.0

• 140.00• 120.0•c.c 100.0~ 80.0:0•• 60.0

40.0

20.0

Q22012 Q22013 Sem1 2012 Sem12013

Source: AFAB, BOI. BOI-ARMM, CDC, CEZA, PEZA, SBMA

11


B.1.2 January to June 2013

Investment commitments from both foreign and Filipino nationals amounted to PhP 266.2billion during the first six months of 2013, up by 22.6 percent from PhP 2172 billion. Of thetotal amount for the semester, 64.9 percent of the approved investments came from Filipinoinvestors with PhP 172.8 billion worth of pledges (Part 11- Table 6b).

About one-third of the approved investments from January to June were coursed through BOIwith PhP 177.9 billion up by 7.5 percent from PhP 165.5 billion recorded a year ago.Investment commitments through PEZA, with 31.4 percent share totaled PhP 83.7 billion fromPhP 43.6 billion. The other IPAs had collective pledges of PhP 4.7 billion from PhP 8.1 billiona year ago.

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


Electricity, gas, steam and air conditioning supply topped the list of industries during thesecond quarter of 2013 as it stands to receive PhP 118.9 billion or 67.2 percent of the totalinvestment pledges of foreign and Filipino nationals. Of this amount, PhP 43.4 billion wouldcome from foreign investors (Figure 5a below and Part II - Tables 3a and 7a).

Investments in real estate activities ranked second as it accounted for 19.0 percent share orPhP 33.5 billion, followed by manufacturing, receiving 6.8 percent or PhP 12.1 billion (Figure5a below and Part II - Table 7a).

Figure SaTotal Approved Investments of Foreign and Filipino Nationals, by Industry

Second Quarter 2013

Others1.3%

H. Transportation andstorage0.6%

B. Mining andquarrying

1.0%

N. Administrative andsupport service

activities1.9%

I. AccommodatIon andfood service activities

2.2%L. Real estate activities

19.0%

Source: AFAB, BOI, B01-ARMM, CDC, CEZA, PEZA, SBMA

D. Electricity, gas,steam and air

conditioning supply67.2%

12

Approved Foreign Investments, Q22013


Topping the list of recipients of investment intentions from both foreign and Filipino nationalsduring the first half of 2013 are in the electricity, gas, steam and air conditioning supplyindustry in the amount of PhP 135.5 billion or 50.9 percent of total investments. Real estateactivities came in second at PhP 63.3 billion or 23.8 percent share, followed byaccommodation and food service activities at PhP 26.5 billion or 9.9 percent. PotentialInvestments in electricity. gas, steam and air conditioning supply increased by 39.5 percent,while real estate activities and accommodation and food service activities grew by 73.0percent from PhP 36.6 billion and 181.6 percent from PhP 9.4 billion. respectively. (Figure 5bbelow and Part" - Table 7b).

Figure5bTotal Approved Investments of Foreignand Filipino Nationals, by Industry

First Semester2013

I. Accommodationand food service

activities9.9%

C. Manufacturing8.3%

N. Administrative andsupport service

activities2.3%

H. Transportation andstorage2.3%

J. Information andcommunication

0.8%

Others0.7%

B. Mining andquarrying0.7%

A. Agriculture,forestry and fishing

0.3%

D. Electricity, 9;18,steam and air

conditioning supply50.9%

Source: AFAB, BOt, BOI-ARMM, CDC, CEZA, PEZA, SBMA

B.3 Projected employment from approved investments of foreign and Filipinonationals


Investments from foreign and Filipino nationals are seen to generate 41,845 jobs,representing a 25.4 percent increase from the 33,381 potential jobs in the second quarter of2012. Projects registered through PEZA posted the highest expected employment at 26,834jobs, contributing 64.1 percent of the total expected employment for the period. 801-approved projects recorded 11,943 potential jobs, with a share of 28.5 percent. Approvedinvestments from CDC had 2,686 potential jobs, almost tenfold from the 284 of the samequarter a year ago. The other IPAs jointly shared only less than one percent of the totalprojected employment from the approved investments (Part" - Table 8a).

13



For the first six months of 2013, a total of 75,765 jobs are expected to be generated fromapproved investments of foreign and Filipino nationals. A little more than one third (68.5percent) or 51,872 jobs would come from investment pledges coursed through PEZA,followed by BOI with 18,967 jobs which represents one fourth of the total projectedemployment. The other IPAs would only have a combined share of 2.4 percent or 1,803 jobs(Part II - Table 8b).

PEZA, CDC, and 801-ARMM registered increases in the number of potential jobs expectedfrom foreign and Filipino ventures during the period while the rest of the IPAs exhibiteddeclines in the projected employment.

8.4 Projected employment from approved investments of foreign and Filipinonationals by industry

8.4.1 Second Quarter 2013

In terms of projected employment by industry, the manufacturing sector is expected to havethe most number of jobs to be generated at 20,168 jobs in the second quarter of 2013,increasing by 43.4 percent from last year's employment. Second is real estate activities whichis expected to generate 7,555 jobs but lower by 16.0 percent compared to second quarter of2012. Next are administrative and support service activities and transportation and storagewhich are expected to generate 6,920 and 2,610 jobs, respectively. (Table E below).

14


Table EProjected Employment from Approved Investments by Industry


Percent to Growth RateIndustry Q22012 Q22013 Total Q22012 •

Q22013 Q22013

A. Agriculture, forestry and fishing 80.0 136.0 0.3 70.0Mining and guarrylng 807~Q 1.9 . IC. Manufacturing 14,065.0 20,168.0 48.2 43.4. Electricity, gas, steam and air 664.0 1,073.0 2.6 61.61

condltlonlngJ!!!ll.plYE. Water supply; sewerage, waste 731.0 1.0 0.0 (99.9)management and remediationrr:c;;;;struction 960.6 (100.011G. Wholesale and retail trade; 260.0 124.0 0.3 (52.3)repair of motor vehicles andtH.Jranl;jlortation_and storage 1,746.0 2,610.0 6.2 49.5]I. Accommodation and food service 992.0 699.0 1.7 29.5

. Informapon.and communjcation ,824.0 1,377.0 3.3 (24.5)K. Financial and insurance activities 6.0 37.0 0.1 516.7[L. Real estatE!activities 8,989.0 7,555.0 18.) (16.0)1M. Professional, scientific and 30.0 40.0 0.1 33.3technical activitiesN. Administrative and support 2,951.0 6,920.0 16.5 134.5service activitiesO. Public administration anddefense; compulsory social security[e:J;9J!ca,ti.QD-- 13,0 87.0 0.2 569.2]Q. Human health and social work 24.0 (100.0)activitiesR. Arts, entertainment and 7.0 72.0 0.2 928.6recreationS. Other service activities 39.0 139.0 0.3 256.4

Total 33,381.0 41.845.0 100.0 25.4

Source: AFAB, 801, BOI.ARMM, CDC, CEZA. PEZA, SBMA

8.4.2 January to June 2013

Of the 75,765 projected jobs in the first semester of 2013 from prospective ventures of foreignand Filipino investors, manufacturing (29,638 jobs); administrative and support serviceactivities (19,588 jobs); and real estate activities (10,461 jobs) are foreseen to supply the bulkof projected employment with shares of 39.1 percent, 25.9 percent, and 13.8 percent,respectively. The rest of the potential jobs totaling 16,078 or 21.2 percent are expected to beprovided by the other industries, such as agriculture, forestry and fishing; mining andquarrying; electricity, gas, steam and air conditioning supply; water supply, sewerage, wastemanagement and remediation activities; construction; wholesale and retail trade and repair ofmotor vehicles and motorcycles; transportation and storage; accommodation and foodservice; information and communication; financial and insurance activities; professional,scientific and technical activities; public administration and defense and compulsory socialsecurity; education; human health and social work activities; arts, entertainment andrecreation; and other service activities (Table F below).

15


Table FProjected Employment from Approved Investments by Industry

First Semester, 2012 and 2013

Percent to Growth RateIndustry Sem 1 2012 Sem 1 2013 Total Sem 1 2012 •

Sem 1 2013 Sem 1 2013

A. Agriculture, forestry and fishing 1,124.0 1,598.0 2.1 42.2Mnlng and guarrylng 35.0 807.0 1.1 2,2MC. Manufacturing 30,028.0 29,638.0 39.1 1.310. Electrlcilyhgas, steam"[Id ""II: 699.0 1,346.0 1.8 92.6E. Water supply; sewerage, waste 769.0 18.0 0.0 (97.7)management and remediationactivitiesIF. Construction 960.0 20.0 0.0 (97.~)1G. Wholesale and retail trade; 559.0 351.0 0.5 (37.2)repair of motor vehicles andmotorcycles[8. Tran!'l10tta.!i.Q!!..ancL'!!Qrage 1,872.0 2,844.0 3.8 51.9]I. Accommodation and food service 2,159.0 4,112.0 5.4 90.5activitiesll. I"forma_tion and CC;?ITLrr'M.IJ!s:.aJi_C?" 4,469.0 4,347.0 5.7 LU)lK. Financial and Insurance activities 8.0 45.0 0.1 462.5

[( Reatesta Ie.activltie,s 12.9~8.0 10,461.0 13.8 (17.6)1M. Professional, scientific and 35.0 128.0 0.2 265.7technical activitiesN. Administrative and support 12,400.0 19,588.0 25.9 58.0S!'.'Y!ce,ActlvLtljlsO. Public administration and 0.0defense; compulsory social security

1LE;.duc~j1.9_n 131.0 98.0 0.1 (25.2)1Q. Human health and social work 24.0 150.0 0.2 525.0activitiesR. Arts, entertainment and 68.0 72.0 0.1 5.9recreationS. Other service activities 95.0 142.0 0.2 49.5

Total 68,123.0 75,765.0 100.0 11.2

Source: AFAB,BOI,BOI.ARMM,CDC,CEZA,PEZA,SBMA

C. Approved Investments in the Information and Communications Technology (ICT)Industry

C.1 Total approved Flln ICT

C.1.1 Second Quarter 2013

Approved investments in the leT in the second quarter of 2013 amounts to PhP 3.9 billion oran increase of 304.3 percent compared to the previous year. It represents 6.6 percent of thetotai investment pledges during the period. PEZA, which consistently receives the bulk of

16


investment pledges in ICT, with a share of 94.3 percent during the period, registered anincrease of 293.0 percent to PhP 3,645.1 million from PhP 929.8 million in the previous year.The other IPAs with foreign investments in ICT include CDC, CEZA and BOI, exhibitingincreases over the previous year (Part 11- Table lOa).

C.l.2 January to June 2013

Potential foreign investments in ICT in the first six months of 2013 grew by 97.8 percent,amounting to PhP 7.3 billion from previous year's PhP 3.7 billion. FI in ICT coursed throughPEZA amounted to PhP 6.9 billion, higher by 92.4 percent compared to the previous year.Likewise, the other IPAs which include CDC, CEZA and BOI, registered increases in FI in ICTduring the period (Part 11- Table lOb).

FI in ICT would account for 7.8 percent of the total FI registered in January to June 2013 (Part11- Tables lOb and lc).

C.2 Total approved investments in ICT of foreign and Filipino nationals


Pledges in ICT investments made by foreign and Filipino nationals in the second quarter of2013 amounted to PhP 4.2 billion, up by 304.3 percent from PhP 3.9 billion in Q2 2012.Foreign nationals remained as the major source of investment pledges in ICT, committing 91.2percent or PhP 3.9 billion worth of investments in Q2 2013. Foreign investment pledges in ICTrose by 304.3 percent during the quarter. Filipino investors, on the other hand, committedPhP 372.1 million or 8.8 percent of the total ICT investments (Table G below and Part II -Table 9a).

Table GTotal Approved Investments in leT by Foreign and Filipino Nationals

Second Quarter 2012 and 2013(in million pesos)

Nationality Q22012 Q22013Percent to Total Growth Rate

Q22013 Q2 2012 - Q2 2013

Foreign 9580 3,873.1 91.2 304.28Filipino 209.3 372.1 88 77.80

Total 1,167.3 4,245.2 100.0 263.7Source: AFAB, BOI, BOI.ARMM, CDC, CEZA, PEZA, SBMA

C.2.2 January to June 2013

Overall performance of ICT investments made by foreign and Filipino nationals during the firstsix months of the year rose by 97.9 percent from last year's pledges of PhP 4.1 billion to PhP8.2 billion (Part II - Table 9b). Investments from both foreign and Filipino nationals increasedduring the period by 97.8 percent and 98.4 percent, respectively. Potential investments in ICTby Filipino nationals amounted to PhP 874.0 million, accounting for 10.7 percent of totalapproved projects in ICT

Of the total amount of investments committed by foreign and Filipino nationals in the firstsemester of 2013, 3.1 percent would be in leT (Part II - Tables 9b and 5b).

17


C.3 Total approved investments in ICT of foreign and Filipino nationals by ICT sub-industry


IT services remained as the main recipient of investment intentions in ICT of foreign andFilipino nationals during the quarter as it stands to receive PhP 3.3 billion or 77.7 percent oftotal ICT projects. Information and communication and manufacturing managed to acquirepiedges of PhP 944.9 million jointiy, whiie there was no investment recorded for trade.Investments from both the IT services and information and communication rose by 426.6percent and 74.7 percent, respectively (Part 11- Table 11a).


Of the PhP 8.2 biiiion committed by foreign and Filipino investors to fund projects in ICT duringthe first semester of 2013,74.2 percent or PhP 6.1 billion would go to IT services. Informationand communication came in second at PhP 2.1 billion, contributing a share of 25.9 percent.Meanwhile, manufacturing contributed PhP 2.4 million to total investments in ICT (Part II -Tabie 11b).

C.4 Projected employment from approved investments in ICT of foreign and Filipinonationals by ICT sub-industry


Approved investments of foreign and Filipino nationals in ICT are anticipated to create 8,298new jobs in the second quarter of 2013, higher by 74.5 percent compared to the 4,756 jobsexpected in Q2 2012. IT services is expected to supply 6,916 new jobs or 83.3 percent oftotal employment in ICT while 1,377 new jobs are seen to be generated from information andcommunication (Tabie H below and Part II - Table 12a).

Projected employment from ICT sub-industry accounted for 19.8 percent of total jobsexpected from the investment projects of foreign and Filipino nationals approved in the secondquarter of 2013 (Part II - Tables 12a and 8a).

Table HProjected Employment from Approved Investments in ICT by ICT Sub-industry

Second Quarter 2012 and 2013

Projected Employment in ICT Percent to Growth RateICT Sub-industry

Q22012 Q22013Total Q22012-

Q22013 Q22013

Information and 1,824 1,377 16.6 (24.5)communication

IT Services 2,932 6,916 83.3 135.9Manufacturing 5 0.1Trade

Total 4,756 8,298 100.0 74.5Source: AFAB, BOI, BOI-ARMM, CDC, CEZA, PEZA, SBMA

18



Projected employment from leT projects in the first six months of the year totaled 23,603 jobs,40.2 percent higher than the 16,835 jobs expected in the same period last year. IT services isexpected to absorb 19,247 jobs or 81.5 percent of the expected employment while 4,349 jobsor 18.4 percent would be from information and communication (Part II - Table 12b).

O. Actual foreign direct investments (FOI) in the Balance of Payment'

0.1 Total BOP FOI in US Dollars and Philippine Pesos'

0.1.1 Second Quarter 2013

Foreign direct investments (FDI) in the Balance of Payments (BOP) as compiled by theBangko Sentral ng Pilipinas (BSP) recorded a net inflow of US$ 124.0 million in secondquarter of 2013, lower by 77.4 percent from US$ 549.0 million in the same period a year ago.Equity other than reinvestment of earnings posted negative balances of US$ 161.0 million.On the other hand, reinvestment of earnings and net debt instruments recorded positive US$187.0 million and US$ 98.0 million, respectively (Part II - Table 14a).

Figure 6aBalance of Payments FOI (in million US$)


Equity other than Reinvestmentof Debt instruments, netreinvestmentof earnings

earnings

2,500.0

2,188.0

2,000.01,973.

••~ 1,500.00

~'E.: 1,000.0

500.0

0.0Non-Residents'investmentsin the Phils.

1,086.0

638.0 592.0

. 386.0

eSem12012

CSem12013

1,164.0

Source: SSP

5 SSP media release dated September 10, 20136 Using monthly average buying and selling rates downloaded from SSP website

19


In peso terms, FDI net inflows for the second quarter of 2013 amounted to PhP 5.0 billion,down by 78.8 percent from PhP 23.6 billion in the same period last year (Part II - Table 13a).

0.1.2 January to June 2013

As reported by the BSP, net FDI inflows for the first six months of the year amounted to US$2.2 billion, higher by 10.9 percent compared to US$ 20 billion recorded in the same period in2012. Equity other than reinvestment of earnings during the period reached US$ 638.0million, lower by 41.3 percent or US$ 1.1 billion in the previous year (Part II - Table 14b). Thebulk of investments came from Mexico, Japan, USA and British Virgin Islands. Industries thatmainly benefitted from the investments include manufacturing; water supply, sewerage, wastemanagement and remediation; financial and insurance activities; arts, entertainment andrecreation activities; and real estate activities.

Net inflows of reinvestment of earnings reached US$ 386.0 million, lower by 34.8 percent thanUS$ 592.0 million posted in the previous year. Meanwhile, net debt instruments registered aninflow of positive US$ 1.2 billion in the first six months of 2013.

Figure 6bBalance of Payments FDI (in million pesos)


100,000.0 94,301.6

90,000.0 85,3842:. :

80,000.0

•• 70,000.00•• 60,000.0"a.c 50,000.0~E 40,000.0.!:

30,000.0

20,000.0

10,000.0

0.0Non-Residents'investmentsin the Phils.

eSem1 2012 DSem1 2013

47,136.8 50,325.2

27,374.4 25,442.4

16,602.0

Equity other than Reinvestment of Debt instruments,reinvestment of earnings net

earnings

Source: SSP

In peso terms, FDI in the BOP for January to June 2013 recorded a net inflow of PhP 89.0billion, expanding by 4.3 percent from a net inflow of PhP 85.4 billion in the same period lastyear (Part 11- Table 13b).

20

Part IIStatistical Tables

Symbols Used

Symbols

p

r

Meaning

Preliminary

Revised

Zero

Not applicable

Tabl.1a<Total Approved Foreign Investments by Investment Promotion AgencyFirst Quarter 1996 to Second Quarter 2013(in mlmon pesos)

Year Quarter AFAB I BOI BOI.ARMM I CDC r CEZA r PEZA r SBMA r TotalQ1 13,160.0 . 270.0 . 6,900.0 1,990.0 22,320.0

1996 Q2 - 25,130.0 - 2,460.0 - 3,090.0 530.0 31,210.0Q3 - 5,270.0 - 250.0 - 3,410.0 3,790.0 12,720.0Q4 - 29,590.0 170.0 - 2,290.0 3,140.0 35,190.0

To .... . 73,150,0 - 3150.0 - 15690,0 -9:450.0 101.440.0'Q1 35,110.0 - 500,0 - 5,280.0 340,0 41,230.0

1997 Q2 18,780.0 - - - 10,580.0 370.0 29,730.0Q3 - 112,050.0 - 390.0 - 8,230.0 30.0 120,700.0Q4 - 18,510.0 50.0 28,420.0 2,420.0 49,400.0

,ota . 184450,0 940,0 . 52,510.0 3160.0 241,050.0Ql - 62,400.0 - 100.0 - 16,100.0 200.0 78,800.0

1998 Q2 - 19,900.0 - 300.0 - 20,700.0 3,000.0 43,900.0Q3 - 4,800.0 - 100.0 - 1,700.0 - 6,600.0Q4 . 32,400.0 - . - 6,900.0 200.0 39,500.0

ota . 119500.0 - 500.0 . 45400.0 34 8,800.0Ql - 12,800.0 300.0 - 2,900.0 2,300.0 18,300,0

1999 Q2 - 49,900.0 - 100.0 - 10,600.0 400.0 61,000.0Q3 1,600.0 - 700.0 - 5,600.0 - 7,900.0Q4 6,300.0 - - , 12,900.0 100.0 19,300.0

'Total . 70,600,0 . 1 100.0 . 32,000.0 2 800,0 106500.0Ql - 2,600.0 - 300.0 - 6,300.0 900.0 10,100.0

2000 Q2 - 1,800.0 - 800.0 - 18,800.0 700.0 21,900.0Q3 - 6,700.0 500.0 28,400.0 100.0 35,700.0Q4 . 4,500.0 100.0 7,800.0 200.0 12.600.0

ota . 15600.0 - 1 700.0 . 61100,0 1 900.0 80300.0Q1 - 1,100.0 120.0 13,000.0 30.0 14,250.0

2001 Q2 - 4,800.0 20.0 2,100.0 5.2 6,925.2Q3 - 17,600.0 . 130.0 . 7,000.0 200.0 24,930,0Q4 5,500.0 , 0.1 - 6,300.0 70.0 11,870.1

Total - 29000,0 - 270.1 - 26400,0 305,2 57975.3Q1 - 2,100.0 , 64.0 - 2,800.0 63.0 5,027,0

2002 Q2 - 2,400.0 - 13,600.0 , 10,100.0 211.0 26,311.0Q3 - 610.0 - 0.5 - 4,000.0 122.0 4,732.5Q4 . 3,700.0 - 50.0 - 5,920.0 350.0 10,020.0

,. Total . 8810.0 . 13714.5 . '22.820.0 ,46,0 4&:090.5Q1 - 2,600.0 , 10.0 - 3,500.0 180.0 6,290.0

2003 Q2 - 723.0 - 354.0 - 5,900.0 57.6 7,034.6Q3 . 1,990.0 - 9.0 - 4,400.0 99.0 6,498.0Q4 . 2.977.6 , - 11.142.1 29.0 14,148.7

ota - 6,290,6 - 373.0 - 4'li42. 5.8 -- 33971.3Q1 97,304.2 379.9 , 20,876.4 17.2 118,577.7

2004 Q2 401.0 - 1,581.3 - 4,762.1 1,254.5 7,998.9Q3 - 4,237.6 - 79.4 - 2,649.4 261.1 7,227.5Q4 7,560.4 114.1 - 13,248.9 782.0 21,705.4

Total - 109503.2 2154.7 - 41 536. 2314.6 155509,5Ql - 19,115.1 - 31.6 - 11,991.2 367.3 31,505.2

2005 Q2 - 5,793.0 , 95.4 - 5,857.1 1.5 11,747.0Q3 - 6,064.5 - 54.8 - 9,717.8 366,1 16,203.2Q4 - 12,824.3 - 1,147.2 - 22,276.1 103.7 36,351.3

Total . 43796.9 - 1 329.0 . 49642.2 838,6 6,Ql - 2,413.5 901.2 - 8,629.7 51,385.8 63,530.2

2006 Q2 24,033.6 3,360.3 8,575.9 16.718.0 52,687.8Q3 - 6.813.8 - 3,543.1 21.661.6 312.3 32,331.0Q4 - 3,296.1 - 278.6 - 13.270.7 485.6 17,331.0

otal - 36557.0 6063,2 - 52338,1 68:9ll1.7 -f65860.0

• Data submissions from AFAS, BOI.ARMM end CEZA slart from 2010, Caution Is advised In the analysis of the lime serles.

21

Table 1a-Total Approved Foreign Investments by Investment Promotion AgencyFirst Quarter 1996 to Second Quarter 2013(In million pesos)

Year Quarter AFAB BOI BOI-ARMM CDC CEZA I PEZA I SBMA I Total01 - 1,081.7 22.2 - 16,458.8 278.2 17,840.9

2007 02 - 17,726.7 - 123.4 - 29,566.9 11,279.8 58,696.803 - 4,809,7 - 314.7 27,545.0 2,265,1 34,934.504 - 78,663.6 - 1,002.0 - 13,804.9 9,139.9 102,610.4

'. Total . 102.281, - 1462, . 7 , " 963:0'll!ll>'2HJl62T01 328.6 183.9 - 19.454.6 782.7 20,749,8

2008 02 52,297.7 1,762.7 - 11,845,7 7,965.1 73,871.203 40,111.1 - 7,096.4 - 18,920,2 546,5 66,674,204 - 814.2 - 200.1 - 20,134.6 237.0 21,385.9

Total . 93551,6 9243,1 - 70;355,1 9631,3 - 182.68U01 - 434.4 - 62.6 - 3.419.8 42.4 3,959,2

2009 02 2,164.4 - 2,446,7 - 12,678,6 2,659,3 19,949,003 - 144.0 - 1,700.0 - 8,100.0 437.0 10.381.004 - 7,654,3 - 303,5 - 79,258.4 322.8 87,538,9

. Total - 10.397,1 - 4512,8 - 103456,8 .H61,5 ".1~1;821[ 101 - 1.459.8 23,121,6 - 21,161.3 949.5 46,692,2

2010 02 - 2,030.9 - 898.7 - 6,643.8 4,199,7 13,773.103 - 9,095.4 - 173.1 - 9,613.6 85.0 18,967.104 - 9,742,5 - 2,056.4 - 104.748.6 83.5 116,631.0

Tola . 22328,5 . 26249,8 . 142167,4 5317:7-. ,.J96 063,501 - 2.435,0 - 1,851.8 11.4 17,674,9 60.2 22,033.4

2011 02 - 8,806.5 14,602,1 - 16,770.5 101.0 40.280,003 . 10,662.4 . 2,149.0 13,2 14,510.6 664.6 27,999,804 86,0 1,331.0 - 203.0 208.9 146,578.2 19,511.1 167,918,1

Total 86.0 23.234.9 - 18805,9 233.5 195534,1 . 20 336.9 ;,: 258,231.201 153.3 3,733.4 . 1,604.5 82,6 12,787,1 144,1 18,505,0

2012 02 12,6 6,688.8 - 532.6 15.7 15,284,7 128.9 22,663,303 - 7,441.0 36,2 10,5 10,083.7 162,5 17.733.904 224,8 56,201.6 2,331.1 20,2 171,221.0 216,7 230.215.4

olal 390,6 74.064.8 - 4504.4 128,9 209.376,6 651:3 289117,62013 01' - 1,448.8 - 48.8 86.2 32,869.5 134.7 34,588.0

02 - 45,641.4 - 749.2 28.7 12,370.3 39.4 58,829.0Total - 47090,2 - 798:0 114,9 45239,8 174.1 93417.0

t revised figures for CDC

• Data submissions from AFAB. BOJ.ARMM and CEZA star! from 2010. Caution is 8ttvlSed In tha analysis 01 the time series,

22

TablelbTotal Approved Foreign Investments by Investment Promotion AgencyFirst Quarter 2012 to Second Quarter 2013(in million pesos)

Approved FI Percent Growth RateAgency 2012 2013 to Total 022012 •

Ql I Q2 I Q3 I Q4 I Total Ql' I Q2 Q22013 022013

AFAB 153.3 12.6 224.8 390.6IBol 3,733.4 6,688.8 7,441.0 56,201.6 74,064.8 1,448.8 45,641.4 77.6 582.4BOIARMM

[CDC 1,604.5 532.6 36,2 2,331.1 4,504.~ 50.4 749.2 1.3 40.7CEZA 82.6 15.7 10.5 20.2 128.9 86.2 28.7 0.0 83.1[PEZA 12,787.1 15,284.7 10,083.7 171,221.0 209,376.6 32,869.5 12,370.3 21.0 (19.1 )SBMA 144.1 128.9 162.5 216.7 652.3 134.7 39.4 0.1 (69.5)Total 18,505.0 22,663.3 17,733.9 230,215.4 289,117.6 34.589.6 58,829.0 100.0 159.6

Notes:t revised figure for CDCDetails may not add up to totals due to rounding.Sources of basic data: Authority of the Freeport Area of Bataan (AFAB), Board of Investments (B01),

BOt.Autonomous Region of Muslim Mindanao (BOI-ARMM), Clark Development Corporation (CDC),Cagayan Economic Zone Authority (CEZA), PhilippIne Economic Zone Authority (PEZA),and Suble Bay Metropolitan Authority (SBMA).

Figure 18Total Approved FI


70.0

60.0 58.8

•••••50.0 ••••••••••~ •••••0 40.0 •••••~1:. •••••" •••••g 30.0 •••••:s 22.7 •••••.E 20.0 •••••••••••••••

10.0 •••••••••••••••02 022012 2013

23

Table 1cTotal Approved Foreign Investments by Investment Promotion AgencyFirst Semester 2012 to First Semester 2013(in million pesos)

Approved FI Percent to Growth RateAgency

Sem1 2012 I Sem1 2013Total Sem1 2012 •

Sem1 2013 Sem1 2013

AFAB01

BOIARMM

Notes:Details may not add up to totals due to rounding.Sources of basic data: Authority of the Freeport Area of Balaan (AFAB), Board of Investments (BOI),

BOI.Autonomous Region of Muslim Mindanao (BOI-ARMM), Clark Development Corporation (CDC),Cagayan Economic Zone Authority (CElA), Philippine Economic Zone Authority (PEZA),and Subic Bay Metropolitan Authority (SBMA).

Figure 1bTotal Approved FI


100.0 93.490.0 ••••••80.0 ••••••70.0 •••~ •••0 60.0 •••~ •••~

0. 50.0 •••c 41.2 •••~ 40.0 •••:c •••.5 30.0 ••••••20.0 ••••••10.0 ••••••Semi Semi2012 2013

24

Table 28Total Approved Foreign Investments by Country of InvestorFirst Quarter 2012 to Second Quarter 2013(In million pesos)

AODroved FI Percent Growth RateCountry 2012 2013 to Total Q22012 •

01 02 I 03 I 04 I Total 01 I 02 022013 Q22013

Australia 447.2 124.4 96.2 483.8 1,151.5 435.3 1,945.8 3.3 1,464.4IarlUsh Virgin Islands 58.8 18.4 5.1.2.9 3,131.6 3,721.7 19,556.0 1,073.4 1.8 5,722.21Canada 115.1 164.6 114.5 562.2 956.3 11.1 120.9 0.2 (26.6)t!yman Islands 156.7 203.8 4,833.6 1,824.7 7,018,8 iChina (PROC) 249.3 143.3 880.4 715.3 1,988.3 126.5 119.1 0.2 (16.9)[Denmark 327.9 m.9 8.1 0.0 0.0 IFrance 6.8 15.6 1,333.1 1,355.5 96.3 30.2 0.1 341.5[Germany 5n 66.0 546.7 1,240:0 1,911.6 1.3 16.6 0.0 (75.5nHongkong 265.6 97.5 530.4 347.6 1,261.2 55.2 31.1 0.1 (68.1)[li<[a 6.6 0::0 5(1 45) 104.4 . 76.6 2.2 0.0 14,379,0661Japan 4,912.7 9.011.7 4,205.2 50,907.3 69,037.0 5,226.5 4,235.2 7.2 (53.0)(South Korea 1,293,3-£,52,.9 132.9 7,111.6 9,795.0 329.2 1'~,96.7 2.4 112.9)Malaysia 30.3 1.4 1,251.0 316.2 1,596.8 316.3 0.5 22,633.8lNetherlands 2,316;0 25.5 1,0~6.3 _100,669.0 104,320.6 2,163.9 3,639:2 6.5 14,9~j]Singapore 256.6 649.4 1,309.7 10,735.7 12,951.6 670.0 560.2 1.0 (10.7)(Switzerland 132.5 201.3 20.6 523.4 878.1 66.2 ITaiwan 1,544.6 66.6 35.9 602.6 2,472.1 452.6 642.8 1.1 623.7[halland 2,261.3 1,690.1 2,611.2 6,562.6 0.0 19.2 0.0 (98.9nUK 997.9 473.0 433.4 4.864.5 6,768.8 457.9 159.1 0.3 (66.4)[iSA ,2,113.4=4,213.5 649.2 32:620.7 39,996.7_ •••.1..g8.8 43,166.1 73.4 924.5)Others 1,247.7 4,624.7 825.1 6,021.1 14,918.6 3,503.6 1,139.7 1.9 (76.4)

Total 16,505.0 22,663.3 17,733.9 230,215.4 289,117.6 34,569.6 58,829.0 100.0 159.6

Notes'Ostalls may nol add up to totals due to rounding.Soun::es 01 basic date: Autholity ollhe Freeport Area 01 Batean (AFAB), Board 01 Investments (BOI),

BOt-Autonomous Region of Muslim Mindanao (BOI.ARMM), Clark Development Corporation (CDC),Cagayen Economic Zone Authority (CEZA), Philippine Economic Zone Authority (PEZA),end Sublc Bay Matropolilan Authorily (SBMA).

Figure 2aTotal Approved FI by Country of Investor

Second Quarter 2013

Others3,3%

Taiwan1.1-/_

British VirginIslands1.8-/.South Korea

2.4%Australia3.3%

25

Table 2bTotal Approved Foreign Investments by Country of InvestorFirst Semester 2012 to First Semester 2013(in million pesos)

Approved FI Percent to Growth RateCountry

Seml 2012 I Seml 2013 Total Seml 2012 •Sem12013 Sem12013

Australia 571.6 2,381.1 2.5 316,6[British Virgin Islands 77.2 20,629.4 22,1 26,619,6)Canada 279.7 132,0 0,1 (52,8)@ayman Islands 360.5 IChina (PROC) 392.6 245.5 0,3 (37.5)(Denmark 8.1 0,0 IFrance 6.8 126.6 0,1 1,748,7~Germany 125.1 17.9 0,0 ,.' (85.7UHongkong 383.2 86.4 0,1 (77.5)~ndia 8.8 79.0 0,1 1,069,6)Japan 13,924.4 9,463.7 10.1 (32,0)ISouth Korea 1,950.2 1,727.9 1,8 (11.4)jMalaysia 31.7 318.3 0.3 905,1INetherlands 2,343.5 5,994,1 6,4 155,81Singapore 906.2 1,450.3 1.6 60,0ISwitzerland 333.8 88.2 0,1 (73,6)jTaiwan 1,633.4 1,095.6 1,2 (32.9)'Thailand 3,971.4 192 0,0 (99,5)j •UK 1,470.9 617.0 0,7 (58.1)[USA 6>26.9 44,294.7 47,4 600.1 )Others 6,072.4 4,643,6 5,0 (23.5)Total 41,168,3 93,418,7 100,0 126,9

Notes:Details may not add up to totals due to rounding.Sources of basic data: Authority of the Freeport Area of Bataan (AFAB), Board of Investments (BOI),

BOI-Autonomous Region of Muslim Mindanao (BOI.ARMM), Clark Development Corporation (CDC),Cagayan Economic Zone Authority (CEZA), Philippine Economic Zone Authority (PEZA),and Suble Bay Metropolitan Authority (SBMA).

Figure 2bTotal Approved FI by Country of Investor

First Semester 2013

Taiwan1.2%

Singapore1.6%

South Korea1.8%

British VirginIslands22.1%

26

Table 38Total Approved Foreign Investments by IndustryFirst Quarter 2012 to Second Quarter 2013(In million pesos)

rove Percent Growth RateIndustryl 2012 2013 to Total Q22012 -

01 02 03 Q4 Total 01 Q2 Q22013 Q22013

A. Agriculture, forestry and fishing 137.1 1,622.3 2.328.2 4,087.6 26.0!!rMrnJng and quarryfug 229.6 229.6 9.6 l,n5.6 3.02 .,C. Manufacturing 12.038.1 14,040.4 6.665.3 136.787.4 169,531.2 7,660.7 6,953.4 11.8 (50.6)

lectrlc tY,gas, steam and arr 14 . 4. 4.873. 671.9 6,716,6 308.4 43, 70. .. 73. . 176,310.4ondrtlonlng.supplv . ~.:. ~,.E. Water supply; sewerage, waste 737.4 350.1 1,087,4 0.5 1.2 0.0 (99.8)management and remediationactivitiesIF, ConstrUction f,5lt~ __ 1!~51.@ f1da:4 3,9~1,9 7.5 iG. Wholesale and retail trade; repair 35.2 31.6 131.1 82.6 280,5 32.8 37.2 0.1 17.7of motor vehicles and motorcycles

ms.~ortetlon and st9ragl) 2,507,6 538,3 49)1.87.6 6.3.0l2.,-S 889.6 272.9" 0,6_[8_9.;::1,)]I. Accommodation and food service 1,600.7 110.0 6,338.3 8,049,0 19,520.7 1,011.6 1.7activitiesp:lnformaOon and communication 367.8 457.3 125.8 14,470.3 16,441.2 910.8 785.6 1.3,- 71,S'K. Financial and Insurance activities 37.8 17.6 18.6 6.6 80,7 16.3 13.2 0,0 (26.2)IL, Real estate. a~.tj~Jties 1J1,g2.1 1,072.8 1,581,9 5,720,3 9,997.0 2,651 6 1 359,4 2,3 26.7'M. Professional, sclentlflc and 0.4 28.8 153.6 182.8 4.9 1.9 0.0 464.3EChnlcal activities• Admh11stratlve and support 2,3 1. 507.6 2,103.4 11,346.7 16,313.6 2,542.5 3.087.5 6,2 608.2er:vlce activitiesO. Public administration and 47.7 51.1 56.9 8.2 164.0 6.1 16.7 0.0 (67.4)defense; compulsory social securityd~t;8t1on ~!!.8 4~0.3 640.1 1.6 10.2 0.0 ••Q. Human health and social work 0.8 0,8 96.0 0.2activitiesjR. Arts, E!:ntertatnment and recreation 0.2 4.3 41011 414.6 36.S 6.1 764.11S. Other service activities 16.3 20.1 36.4 36.9 0.1 125.62Total 18,505.0 22,663.3 17,733.9 230,215.4 289,117.6 34,589.6 58,866.9 100.0 159.7Note.:1SlInlng 01 2011 FDI Rlport, thlt 2009 Phlnppine Sland.llrd IndUJlrlel Clauillcallon (PSIC) IJ edopled in dlulfying lhe Industry. The 2009 PSIC was used for

the yltll'l 2010 Ind 2011 to maklt the dill eompeRlble.

DlIllIb may not .dd up to IolatJ due 10 roundingSourceJ of bnlc d,lI: A.uthorll)' of Ihe FRleport Area of Blla.1'I ("FAa). Board 01 tnveslmClI'lls (BOI).

BOIo.Autonomous Rltgion 01 Muslim Mindanao (BOI.ARMM). Cl.rk Development Corporation (CDC),c.gay.n Eeonomc ZOI'lIlAuthority (CEZA), Phl~pplne Eeol'lomie Zone Aulhotlty (PEZA),.nd Suble Bay Mlltroporrt.ln Aulhority (SBMA)

Figure 38Total Approved FI by Industry

Second Quarter 2013

I. Accommod.tlon .ndfood 'IIMe- .ctIvlll ••

1.7% N. Admlnl.lretlvlt .nd.upport •• rvlc(l

.ctlvltlu•.".

27

Table 3bTotal Approved Foreign Investments by IndustryFirst Semester 2012 to First Semester 2013(In million pesos)

.o:nnrov~FI Percent to Growth RateIndustry'

SemI 2012 I SemI 2013 Total SemI 2012 -SemI 2013 SemI 2013

A. Agriculture, forest~ and fishing 1,759.4 26.0 0.0 9B.5B. Mining and quarrying 1,784.6 1.9C. Manufacturing 26,07B.5 14,614.1 15.6 (44.0). Electnclty, gas, steam and air conditioning 171.3 43, 78. 46. 25,400.B.suPpJy

E. Water supply; sewerage, waste 737.4 1.7 0.0 (99.B)management and remediation activities

[E. Construction 1,572.6 7.5 0.0 (99.5)]G. Wholesale and retail trade; repair of motor 66.7 69.9 0.1 4.8

vehicles and motorcycles(8. Transportation anCl storage 2.507.0 1,162.5 1.2 (53.6»)I. Accommodation and food service activities 1.600.7 20,532.6 22.0 1,182.7p.lnformatlon and communication 845.1 1,696.4 1.8 100.7)K. Financial and insurance activities 55.5 29.5 0.0 (46.7)IhReal estate activities 2.694.9 4.011.0 4.3 48.S]M. Professional, scientific and technical 0.4 6.8 0.0 1,852.6

activitiesIN. Administrative anCJsupport service activities 2,869.5 5.630.1 6.0 96.2]O. Public administration and defense; 98.8 22.8 0.0 (77.0)

compulsory social security

IEOEducallon 89:'8 11.8 0.0 IB6.9)JQ. Human health and social work activities 96.0 0.1{R. Arts, entertainment and recreation 4.5 36.9 0.0 725.91S. Other service activities 16.3

Total 41,168.3 93,418.7 100.0 126.9Notes:'Starting 01 2011 FOI report, the 2009 Phnlppine Standard Industrial ClassirlCation (PSIC) Is adopted In dassifylng the Industry. The 2009 PSIC wasused for

Details may not add up to totals due 10 rounding.

SOUTCeSof basic dalO; AuthOrity Of the Freeport Area of Bataan (AFAB), Board of Investments (BOI).BOI-Autonomous Region of Muslim Mindanao (BOI.ARMM), Cla~ Development Corporation (CDC).Cagayan Economic Zone AuthOrity (CEZA). Philippine Economic Zone Authority (PEZA).and Soble Bay Metropotilan Authority (SB/'M).

Figure 3bTotal Approved FI by Industry

First Semester 2013

D. Electricity, gas,steam and air

conditionIng supply45,8%

Others3.4'1.

B. Mining andquarrying

1.9-.4

L. Real estate actlvltles4.3'1. N. AdmInistrative and

support serviceactlvltles6.0%

2B

Table 4aProjected Employment from Approved Projects with Foreign InterestFirst Quarter 2012 to Second Quarter 2013

2012 2013 Percent to GroW1hRateAgency Total Q2 Q22012 •

Q1 I Q2 I Q3 I Q4 I Total Q1' I Q2 2013 Q22013

AFAB 1,265 120 1,385IBol 8,201 4,842 4,975 5,291 23,309 2,764 3,908 11.8 (19.3):JBOIARMM[CDC 443' 218 284 1,380 2,325 377 2,444 7.4 1,021.1:1CEZA 202 35 54 291 43 82 0.2 134.3[PEZA 21,972 16,736 19,887 24,484 83,079 24,471 26,585 80.3 58.8SBMA 291 157 117 133 698 126 90 0.3 (42.7)

Tala I 32,374 22,108 25,263 31,342 111,087 27,781 33,109 100.0 49.8

Notes:'revised figure for CDCDetails may not add up to totals due to rounding.Sources of basic data: Authority of the Freeport Area of Batasn (AFAB), Board of Investments (BOI),

BOI-Autonomous Region of Muslim Mindanao (BOI.ARMM), Clar'X Development Corporation (CDC),Cagayan Economic Zone Authority (CEZA), Philippine Economic Zone Authority (PEZA),and Sublc Bay Metropolitan Authority (SBMA).

Figure 4aProjected EmploymentQ2 2012 and Q2 2013

C1""lotll~_ ••_

...., .....•70,000

60,000

50,000

40,000

30,000

20,000

10,000

DonlCl!tI~_wtI>

41,794

33,381 33, 109

22, 108

Q22012 Q22013

29

Table 4bProjected Employment from Approved Projects with Foreign InterestFirst Semester 2012 to First Semester 2013

2011 2012 Percent to GroW1hRateAgency Total Sem1 Sem1 2012 -

Sem12012 Sem12013 2013 Sem1 2013

AFAB 1,385[BOI 13,043 6,672 11.0 (48.8)::::JBOIARMM[CDC 661 2,821 4.G 32G.8CEZA 237 125 0.2 (47.3)[pEZA 38,708 51,056 83.8 31.9SBMA 448 216 0.4 (51.8)

Total 54,482 GO,890 100.0 11.8

Notes:Details may not add up to totals due to rounding.Sources of basic data: Authority of the Freeport Area of Balaan (AFAB), Board of Investments (BOI),

BOI-Autonomous Region of Muslim Mindanao (BOI.ARMM). Clark Development Corporation (CDC),eagayan Economic Zone Authority (CEZA), Philippine Economic Zone Authority (PEZA),and Subic Bay Metropolitan Authority (SBMA).

Figure 4bProjected Employment


[Jon Total Approved Investments120,000

100,000

ao,ooo

60,000

Con Total Approved Investments with foreign interests

75,718

68,12360, 890

54, 482

40,000

20,000

Semi 2012 Semi 2013

30

Table SaTotal Approved Investments of Foreign and Filipino Nationals by Investment Promotion AgencyFirst Quarter 2012 to Second Quarter 2013(In million pesos)

Approved Investments Percent Growth RateAgency 2012 I 2013 to Total 022012 -Ql I Q2 I Q3 I Q4 I Total I Ql' I Q2 022013 022013

AFAB 164.9 12.6 11.979.0 636.7 12,793.1 60.6[801 18,3687 147,145'.:4 82.692.1 112,14';8 360,348.1 34.;126.7 143.552) 81.2 (tiL]BOIARMM 365.0(CDC 4,271.0 724.7 50.1 3,2Q.~9 8,252.8 82.1 1,466.5 0.8 102.3 ---,CEZA 129.3 28.3 355.0 244.8 757.3 262.3 62.5 0.0 121.1I1'EZA 19,826.0 23,785.6 54,903.6 213,3~3,7 311,908.9 5p52.1 29;940.1 16.9 25.9SBMA 1.260.2 1.530.6 362.8 464.2 3,617.7 555.0 1.826.2 1.0 19.3

Total 44,020.2 173,227.2 150,342.5 330,088.0 697,677.9 89,403.7 176,847.8 100.0 2.1

Notes:r rnvlsad r9JfelCN CDCDetails mey not add up 10 totals due to rounding,Sources of basic data: Authority 01 the Freeport Area of Bataan (AFAB), Board of Investments (BOI),

BOI-Autonomous Region 01 Mustim Mindanao (BOI-ARMM), CIaI1l.DevelOpment Corporation (CDC),Cagayan Economic Zone Author~y (CEZA), Philippine Economic Zone Authority (PEZA).and Subic Bay Metropo1ilan Authority (SBMA).

Figure SaTotal Approved Investments of Foreign and Filipino Nationals


Total Approved InvestmentsQ22012and 02 2013

17B.0

1n.0

176.0•08- 175.0c~ 174.0:;;.E 173.0

172.0

171.0022012

176.8

022013

3'

Table5bTotalApprovedInvestments of Foreignand FilipinoNationalsby InvestmentPromotionAgencyFirst Semester 2012to First Semester 2013(in million pesos)

Approved InvestmentsPercent to Total GrowthRateAgency

Sem12012 I Seml 2012 -Sem12013 Seml 2013 Seml 2013

AFAB 177.5 60.6 0.0 (65.9)IBOllmllllili65,514.2tF(:tl)itF177,879'.1 •• .t~~'%~66.8_7!5)BOIARMft 365.0 0.1~i$;:IJl!l:M"4;995:8 ,1,':\,'>"1 ;5{8.6Ii1l1:liU}iCo.6:Jl1l1((69jjuCEZA 157.6 3247 0.1 106.1(£!!;Zh 4[~) J .$',2'.'83,69213.k';'.;!!Jt3~!4M1@91:9JSBMA 2,790.8 2,381.2 0.9 (14.7)Total 217,247.3 266,251.5 100.0 22.6

Notes:Details may not add up to tolals due to rounding,

Sources of basic data: Authority of the Freeport Area of Bataan (AFAB), Board of Investments (BOI),BOI-Autonomous Region of Muslim Mindanao (BOI-ARMM), Clark Development Corporation (CDC),Cagayan Economic Zone Authority (CEZA), Philippine Economic Zone Authority (PEZA),and Subic Bay Metropolitan Authority (SBMA).

Figure 5bTotal Approved Investments of Foreign and Filipino Nationals


TotalApprovedInvestmentsSeml 2012and Seml 2013

300.0

250.0

200.0

150.0

100.0

50.0

I OFilipino iii Foreign

172.8

176.1

Seml 2012 Seml 2013

32

Table6aTotalApprovedInvestments byNationality(Filipinoand Foreign)and by InvestmentPromotionAgencyFirstQuarter2012to Second Quarter 2013(In mill/on pesos)--:::1;~~~~~~~~;=~;=~~~~~~~;;2~01~2;=~~~~~~~:::~~;=;~~~~~:;::.=:Agency 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter

Fiti inow Foreign Tolal Fili inow Foreign Total Fili inow Foreign Total Fill inow Foreign Total

11.6 153.3 164.9 0.0 12.6 12.6 11,979,0 11,979.0 411,9 224.8 636.7'4,~,i33.:.t'N,~M8,368.7EjJo,!5~,?88.8~~.t,jM.41at\t5,fuBZ,Mj;:_~j,ID.li-!55,M6.2.56,201 SW112,mJi]

2,~,~,211l!i11.1L!ff!J,m::::S~:U;: 7~4.7t{"'tif <f~J6') 50,!~,1"4815).2,33j;j-3~6~]46,8 82.6 129.3 12.6 15.7 28.3 344.5 10.5 355.0 224.6 20,2 244.8

?@]JI!i,78Z 1'" 1ti,82il!1E!,560.9-'3Iil 5,284.7JE'j2J,7,85.6 ,a4.ID1iJijIiQ,083.z.ij,~,j72.7.'z1 22);o8213!illJJ1,116,1 144.1 1,260.2 1,401.6 128.9 1,530.6 200.2 162.5 362.8 247,4 216.7 464.225,515.1 18,505.0 44,020.2 150,563.9 22,663.3 173,227.2 132,608.6 17,733.9 150,342.5 99,872.6 230,215.4 330,088.0

AFABtBolBOIARMM

It'DCCEZA

lPmSBMA

Total% Share toTotal 58.0 42.0 100.0 86.9 13.1 100.0 88.2 11.8 100.0 30.3 69.7 100.0

Agency 1st Quarter

FiliDlnow I Foreign I

20132nd Quarter

Total I FlIllJinow I Foreign I Tolal

Growth RateQ22012.Q22013

FililJinow I Foreign I Total

AFAB 60.6 60.6MOl itmIlilt~M:i5~,326!r;:!;:rkJL~1.t.O~45,~JAmj~,~~~ ..~::::tJiiU;lOJj~8~2:4WilBljBOIARMM 365.0 365.0@OC'& ~3t6Wf50:4ii-;.d-' 82.1:<M¥m,,717.3!?"'.' 749.2_U!i,466.5 ~$y ,,273.4@tAA40_~ti_wj!JjCEZA 176,1 86.2 262.3 33.8 28.7 82.5 168.37 83.05 121.07[J4blii.I5,~~~r?r3~]'A.)~,?52.1ZgS?~,8:~ZJ ~,3N.;~Jii#~~0",,1J1i1Zal06.7:&illED)ThJSBMA 420,3 134,7 555.0 1,786.9 39.4 1,826.2 27.5 (69.5) 19.3

Total 54,814.1 34,589.6 89,403.7 118,018.8 58,829.0 176,847.8 (21.6) 159.6 2.1% Share toTotal 61.3 38.7 100.0 66.7 33.3 100.0

'revised figure lor 1st Quarter 2013

of Indudes ell comm,tted inv •• tmen1s 01F'lipinOll in wholly and part, ally """,ed eompe"'''~..Details may no! .(Id up to total, 00. 10 roundingSou", •• 01Dasicdate: Authority oIl1le Freeport Ivea 01 Batun IAfAB). Board 01 In••• tmenr. (BOI),

BOI.AuIonomollS Regi"" 01Musl,m M,r>danao (BOI.ARMM), Cla,k Developm.nl Co'poration (CDC),Cagayan Econom,e ZoneAuthonty (CEZAj. Ph,lippn. Economic Zone IWthonty (pEZAI.and Suble Bay Metropol,tan Aull'\oIity ISBMA)

Figure 6aPercent share of Total Approved Investments

Foreign and FilipinoNationalsQ22012 and Q22013

Filipino86.9'4

"

Table 6bTotal Approved Investments by Nationality (Filipino and Foreign) and by Investment Promotion AgencyFirst Semester 2012 to First Semester 2013(In million pesos)--:;::1===~~~2~O~'~2~~~==l~==~~~2~O~3~~~;~l~;~~G~'~o~wt~h~R~.~t'S~~;==Agency Semester 1 Semester 1 Sem1 2012. Sem1 2013

Fill Ina" Foreign Total Fill Ino" Foreign Total Fill Ino" Foreign Totel

(65.9)7.'5]351".8

100.035.164.9100.018.981.1

2,8586

11.6 165.9 177.5 60.6 60.6 422.1155,092.01Q,!2t2--!~~,~U!~~Q,788.9' 'Z,mtb.2-..J7.l,,,,.7,,9,,:" __ ,,I,£Uj

365.0 365.02,1~Z._'__ !J!tL:::t~.~:-9__ 1~~.I__ ~~~8'(==1?tID_{~iID=:tjm

98.2 157.6 209.9 114.9 324.7 253.4 17.0 106.128,071.8 4~.611.5~8,!~r~_:ajjJ39j1 __ ~~,~JJ_~:~~L4 ~1~~ 91.9]

273.1 2,790.8 2,207.2 174.1 2,381.2 (12.3) (36.3) (14.7)41,168.3 217,247.3 172,832.8 93,418.7 266,251.5 (1.8) 126.9 22.6

59.415,53a.z:2,517.7

176,079.0

AFA8(801BOIARMM!CDCCEZA{PEZAs8MA

Totel% Share toTotel

at Includes ~t1committed inlle5lmenls of F~ipinos in ""'oily and partially owned companies

'.9Details may not add up to totals due 10roundingSources ot basic dll\~: Aulhorityofthe FreeportAru of Balun (AFAB),Board of Inlleslmenls (801),

SOl-Autonomous Region of Muslim Mindanao (BOI-ARMM),CI.rk Development Corpora~on (CDC),Cegayan Economic lone Authority (CEZA), Ph~ippi1e Economic Zone Aufhority(PEZA).and Subic Bay Metropolitan AlJthority(SBMA).

FIgure6bPercent share of TotalApproved Investments

Foreign and FilipinoNationalsSem1 2012and sem12013

~~.. .F~~P~~O

f~Foreign18.&%

ISem1 20121 1Sem1 20131

34

Table 78Total Approved Invastments of Foreign and Filipino Nationals by IndustryFirst Quarter 2012 to Second Quarter 2013(In million pesos)

Approved Investments Percent Growth RateIndustry 2012 2013 to Total Q22012 •

01 02 03 Q4 Total 01 Q2 Q22013 Q22013

A. Agriculture, forestry and fishing 1,603.7 4,052.3 2,472.3 8,128.3 319.4 569.0 0.3 (86.0)

[ij."Mlnlng and 9.'!!!.r:Y.!!!.9 (714..:,0 10.4_~?'4 U,199!4 9.6 1,775.0 1.0C. Manufacturing 15,228.5 16,478.0 20,253.9 151.867.2 203,827.6 10.123.5 12.075.9 6.8 (26.7)O. Electricity, gas, steam and air 1,966.2 95,113.8 54,802.6 4,946.1 156,828.8 .56 . 118, .2 6.0ondltloning supply

E. Water supply; sewerage, waste 56.6 4.287.0 438.6 354.5 5,136.7 47.9 3.0 0.0 (9'.9)mana ement and remediation activities. Construct on 8.523. 1, 52. 9,010.9 18;786.4 569.0

G. Wholesale and retail trade; repair of 215.8 260.6 237.7 266.8 981.0 111.8 396.2 0.2 62.0motor vehicles and motorcycles

H_Tra.118;~~.tiO.r:! .~r:!c:L8;tor:ag(l 885 ..~.3;43.2 10.•636 ..9 56.285.6 84,151.2 5,021.2 1,j02.9 0.6 (93.3C]I. Accommodation and food service 5,418.6 3.977.1 3.223.9 26.897.0 39,516.6 22,612.1 3.849.7 2.2 (3.2)activitiesrJ. Information and communication 441.6 540.6 355.6 26.659.6 27,997.4 1,101.7 944.5 0.6 74.7

K. Financial and Insurance activities 38.8 18.9 19.7 6.' 84.3 17.0 21.4 0.0 13.3it Real es~J.u...c_U'dtl_e.s 13755.9 22,638.5 45,6hz 6 37.764.0_:t~o.,6!6.o 8,767.6 33523.9 19.0 46.8M. Professional, scientific and technical 2.1 8.8 30.5 176.7 218.1 25.0 31.1 0.0 252.7activitiesN. Adm n stratlve and support service 2.544.6 634.9 2,759.3 12,091.5 18;030.3 2,925.7 3,301.3 1.9 419.9c.tiy-ItlesO. Public administration and defense; 47.7 51.1 57.4 8.2 164.5 6.1 16.7 0.0 (67.4)com ulsory social security

58.6 861.7 15.3 O.O-iaID::Jducatlon 91.4 f,P11:7 11,5Q. Human health and social work 10.9 3.1 14.0 164.2 0.8 0.0 (92.7)activitiesreo Arts, entertainment and recreation 5.6 a,5 1.3 415.7 431,1 255.4 0.1 2,895.3

S. Other service ectlvlties 3.8 20.7 100.1 124.5 1.0 65.5 0.0 216.9Total 44,020.2 173,227.2 150,342.6 330,088.0 697,677.9 89,403.7 176,847.8 100.0 2.1

NOles:I. ApproYedInyestmenl5refer to the project eost OfeonmltIed iwutments tryFilipinoand foreign jnyestOfi.2. Dolans ITlIIY not add up 10 totlllsdue to rounding.SOU1'Q!lS01 basic date: Authorftyof the Freeport Area of Blltun (AFAB),BoardoIlnvesunents (BOI).

SOl-AutonomousRegion 01 MusllmMindanao (BOl-ARMM),Clirt. DeyelopmenlCOrporatiOn(CDC),Ce~ayan Eeonome Zone Authority(CEZA).PhillppineEconomlcZone Authority(PEZA).end Subic BayMelropolitanAulhQrity(SBMA).

Flguro 7aTotal Approvod Investmonts by Industry

Second Quarter 2013

Others1.)"110

H. Transpol'tllllon .ndstorego0.6%

B. Mining and quarrying1.'"

N. Admlnls11'11lY'Oandsupport servlce

.ctlvltl ••.1.8%

I.Accommodatlon .ndfood •• Nlc •• ctlv1tl••...."

D. Ehlclrtclty, gIS, stum.nd .Ir conditioning

supply67.2"110

35

Table 7bTotal Approved Investments of Foreign and Filipino Nationals by IndustryFirst Semester 2012 to First Semester 2013(/n mill/on pesos)

Approved Investments Percent to Growth RateIndustry

Sem1 2012 I Sem1 2013 Total Sem1 2012 •Sem1 2013 Sem1 2013

A. Agriculture, forestry and fishing 5,656.0 888.3 0.3 (84.3)[liJii1nln9 and Ql'ar,ryln9 1,714.0 1,784.6 0.7 4.1C. Manufacturing 31,706.5 22,199.5 8.3 (30.0). Electricity, gas, steam and air 9 . .1 135,469.9 50.9 39 .

conditionina.suDolvE.Water supply; sewerage, waste 4,343.6 51.0 0.0 (98.8)management and remediation activitiesf. Construction 8,523.5 569.0 0.2 (93.3)G. Wholesale and retail trade; repair of 476.5 508.0 0.2 6.6motor vehicles and motorcycles(8. Transp£~t1ol).and storage 17,228.7 6,124.1 2.3 /64.5)l. Accommodation and food service 9,395.7 26,461.8 9.9 181.6activitiesp. Information and communication 982.2 2,046.2 0.8 108.3K. Financial and Insurance activities 57.7 38.3 0.0 (33.6)Il.Real estate activ!tles 36,%94.4 63,291A 23.8 73.0M. Professional, scientific and technical 10.9 56.1 0.0 414.0activities. Admlnlstrat vo and support service 9.5 6,226.9 2.3 95.8ctlvitlesO. Public administration and defense; 98.8 22.8 0.0 (77.0)com ulsory social securityP.Educatlon 150.0 26.8 0.0 (82. )Q, Human health and social work activities 10.9 165.0 0.1 1,415.8

[R.-Arts, entertainment and recreation 14.1 255.4 0.1 1,713.0S. Other service activities 24.4 66.5 0.0 172.3

Total 217,247.3 266,251.5 100.0 22.6

Notes:

1. Approved Investmenls refer to the project cost Of commltled Investments by Filipino and foreign Investors.2. Delails may not add up to totals due 10rounding.Sources of basic data: Au1hcrlty of the Freeport Area of Bataan (AFAB), Board of Investments (BOI),

BOI.Autonomous Region of Muslim Mindanao (BOI-ARMM), Clark Development Corporation (CDC),Cagayan Economic Zone Authority (CEZA), Philippine Economic Zone Authority (PEZA),end Sublc Bay Metropolitan Authority (SBMA).

D. Eloetrlelty, gil,ItClm Ind Ilr

eondiUonlng lupply50.9%

A. Agrleulhno, fOrflltryInd fllhlng

0.3%

B. MinIng lindquarrying

0.7%

J.lnfonnltlon Indeornrnunleltlon

0.11% H. TnmspoNtlon and1I0rago2.3%

N. Admlnlstratlve .ndsupport &IIrvlell

Il:tlvltllll2.3%

36

Table 8aProjected Employment from Approved Investments of Foreign and Filipino NationalsFirst Quarter 2012 to Second Quarter 2013

2012 2013 Percent GrowthRateAgency to Total Q22012 • 02

Ql I Q2 I Q3 I Q4 I Total Ql' I Q2 Q22012 2013

: ""-1tt5!W6.4AY<}, 845.8,-"£»0.2 82.2

j~'6t1;'i.5S:90.7 (65.6)

100.0 25.4

302 4,239 5,961 607:90~"P; jM~~45M4-l,024 1li~.~j_:Cc_'_~2~.&=l@j:::::J

750264. 4...4.•4. .. ,st5n 3,,9~J----137 1' .• 2,68645 54 81 422 49 82

17.101 , 24,137 2S:)$6~,,305 ;25,0:l8w0iii26,834872 454 408 2,707 562 300

33,381 33,295 45,198 146,616 33,920 41,845

AFAB 1,300 120rBol.;1'; ijj,w 1l,!51f.,14)5~BOIARMMI£oc ' ,~iji.l; 736CEZA 242f.EZ! . .1, ,22M9/xi:.'SBMA 973

Total 34,742

Note:'revised figurefor CDC

Table 8bProjected Employment from Approved Investments of Foreign and Filipino NationalsFirst Semester 2012 to First Semester 2013

First Semester Percent to Growth RateAgency Total Seml 2012. Seml

2012 I 2013 Seml 2013 2013

0.1 (95.8)25.0 .'. (1~,6), 1

1.0 0.04.1 "JJJ{. 206.2 eJ .•iii0.2 (54.4)

, 68.5 29.8 ."....;11.1 (53.3)

100.0 11.2

601S;~7

7503,123

1,420.... 23,681

AFAB(BpiBOIARMMII':OC' ""::' .."1,020'" $"" -"j" ,I, B8>

CEZA 287 131!PEZA':c::'J;:'<,!S1;;39,970':.;i!li,.51:872SBMA 1,845 862

Total 68,123 75,765

Notes:1. Approved Investments refer to the project cost or committed investments by Filipino and foreign investors,

2, Details may not add up to totals due to rounding.Sources of basic data: Authority of the Freeport Area of Bataan (AFAB), Board of Investments (BOI),

BOI-Autonomous Region of Muslim Mindanao (BOI-ARMM), Clark Development Corporation (CDC),Cagayan Economic Zone Authority (CEZA), Philippine Economic Zone Authority (PEZA),and Subic Bay Metropolitan Authority (SBMA).

37

Table 9aTotal Approved Foreign and Filipino Investments In the Infonnatlon and Communication Technology(ICn Industry by Investment Promotion AgencyFirst Quarter 2012 to Second Quarter 2013(In million pesos)

2012Agency 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter

Fill Ino Foreign Total Fill Ino'" Foreign Total Fill Ino'" Foreign Total Fill Ino'" Foreign Total

AFABIBOI 0.0 2.5 2.5 3.0 7,0 10:0 11 669.2 3,807.8 15,£!]]BOIARMM[CDC 5.0 2.3 7-,-~___ 2) 9.6 12.4 36.~ 36.2 7.7 8.1 15.7)CEZA 21,9 65.9 87.8 12.6 15.7 28.3 14,4 10,5 24.9 224.6 20.2 244.8

IPlli 202.6 2,665.5 2,868.1 192,7 92_9••.~Jg~.:.5 m.7 2;166,6 3,0.5_6.4_ 1 695.2 25.665.6 2G,ThrnSBMA 1.8 4.8 6.5 1.1 0.5 1.6 1.7 1.5 3.2

Total 231.3 2,738.5 2,969.8 209.3 958.0 1,167.3 886.9 2,243,8 3,130.6 13,596.6 28,841.7 42,438.3% Share toTotal 7.8 92.2 100.0 17.9 82.1 100.0 28.3 71.7 100.0 32.0 68.0 100.0

2013 Growth RateAgency 1st Quarter 2nd Quarter 022012 • 022013

Filinlno"'l Foreign I Total IFllinlno"'l Foreign I Total Filinlno'" I Foreign I Total

AFABteOI 537 7?7 126.3 19.'i 8.2 27.9 78J~26.7 231.0 "mBOIARMMtoc' 23 14,3 16.6 3.9 189.5 19.3.4 3~877.6 1,mIJCEZA 176,1 86.2 262.3 33.2 21.4 54.6 164.0 36.3 93.2(PEZA 267.8 3.••.2637 3,5}J~4 314.8 M54.1 3,968.9 63.4 ~_~~.O 253.6)SBMA 2.1 2.1 4.2 0.4 0.4 (61.1) (73.4)

Total 601.9 3,438.9 3,940.8 372.1 3,873.1 4,245.2 77.8 304.3 263.7% share toTotal 12.7 87.3 100.0 8.8 91.2 100.0

f revisedngurelor 151Quarter2013

Table 9bTotal Approved Foreign and Filipino Investments In the Infonnatlon and Communication Technology(ICT) Industry by Investment Promotion AgencyFirst Semester 2012 to First Semester 2013(in mfilion pesos)

2012 2013 Growth RateAgency First Semester First Semester Seml 2012 • Seml 2013

Flilolno"'j Foreign I Total Fillninollil Foreign I Total FlI1nlno'" I Foreign I Total

AFABI!llii 6.0 2.5 2.5 73.4 80.9 1~~ 292,989.2 3.163.3 6.QliilBOIARMM!COC 7.9 11 9 19..8. 6,2 20.38 210~(~)---l.610.0 959.0JCEZA 34.5 81.6 116.1 209.3 107.6 316.9 507.2 31.8 173.0I!'EZA 395,3 3.595,3 3,99~,-6 582& 6.917.1 7,500,3 47.4 92.4 8Le9JSBMA 2.9 5.3 8.1 2.5 2.1 4.6 (11.9) (60.2) (43.1)

Total 440.6 3,696.6 4,137.1 874.0 7,312.0 8,186.0 98.4 97.8 97.9% share toTotal 10.6 89.4 100.0 10.7 89.3 100.0

tJ lndudn Economic zone Development .1Id lndu$1rltl Parlr..Not..,:1. AppfOved lrrvestments refer 10 the projecI COSlor commltled lnveltments by F/Dplno.1Id ror~n lnveltOl'l.2. ~all mly not edd up 10 ICUls duo \1) rounding.Sources 01 bIIsle datil: Authorl~ oIlhe F,~ Afel 01 Bllliin (AFAB), Board Oflfl'lestmefls (8Ol),

SOl-Autonomous Region 01 Muslim Mindlnao (801-AAMM), CIllI1\~opment corporation (CDC),CaOayan Economic Zona AuthorIty (CEZA), f'tlilipplne Economic Zone Aulhor1ty (PEZAJ,and SubIe Bey Me'.ropolftln Aulhortty (saMAI.

38

Tablo lOaTotll Approved Flln the Intonnallon Ind Communication Technology{ICTllnd Non.ICT Industry by Investment Promotion AgencyFfmt QUlrter 2012 to Second QUlrtor 2013(1nml/IJon posos)

2012Agency 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter

Non-ICT ICT TOTAL Non.ICT ICT TOTAL Non-ICT ICT TOTAL Non.ICT ICT TOTAL

AFAB 153.3 153.3 12.6 12.6 224.8 224.8IBOI 3,733.4 3,733.4 6.686.3 2.5 6,688,8 7,434.0 7.0 7,441.6 52.3938 3.8078 56,lli1)BOIARMM[CDC '.602.2 2.3 ',604.5 523,1 9.6 532.6 362 J6.2 2.323.6 8.1 2,iliJ]CEZA 16.6 65.9 82.6 15.7 15.7 10.5 10.5 20.2 20.2@ 10.\21.6 2,665.5 12,787.1 14,354.9 929.8 15,28.4.7 7,895.1 2,188.6 10,98~.7 146,215.4 25,605.6 171,mSBMA 139.4 4.8 144.1 128.4 0.5 128.9 161.0 1.5 162.5 216.72 216.7

Total 15,766.5 2,738.5 18,505.0 21,705.2 958.0 22,663.3 15,490.2 2,243.8 17,733.9 201,373.7 28,841.7 230,215.4% Share (6Total 85.2 14.8 100.0 95.8 4.2 100.0 87.3 12.7 100.0 87.5 12.5 100.0

2013 Growth RateAgency 1st Quarter 2nd Quarter Q22012 - Q22013

Non.ICT ICT TOTAL Non-ICT ICT TOTAL Non_ICT ICT TOTAL

AFABlaol 1.376.1 72.7 1,448.8 45,~3.2 8.2 45,641.4 58_2.5 231.0 582.4)BOIARMM

!:DC' 36.1 14.3 50,4 5_5.9.~ 18~~~ __ r~~.'~T.O 1,877.6 40.z)CEZA 86.2 86.2 7.3 21,4 28.7 36.3 83.1IpEZA 29,605.9 3.263.7. 32,869,5 8,716.2 3,654.1 12,370_.3 {J9.~l 293.0 .JSBMA 132.6 2.1 134.7 39,4 39.4 (59.3)

Total 31,150.7 3,438.9 34,589.6 54,955.9 3,873.1 58,829.0 153.2 304.3 159.6

% Share toTotal 90.1 ••• 100.0 93.4 5.8 100.0

, revised figure for 1st Quarter 2013

Table lObTolil Approved A In tho Infonnatlon end Communlcatfon Technology(ICT) Ind Non. ICT Industry by Investment Promotlon AgencyFlmt Semester 2012to Amt Semester 2013(1n mill/on pesos)

2012 2013 Growth RateAgency First Semester First Semester Seml 2012 . Sem12013

Non.ICT ICT TOTAL Non.ICT ICT TOTAL Non.ICT ICT TOTAL

AFAB 165.9 165.9leol 10.419.7 2.5 10.422.2 41.669.4 80.9 47,090.2 351.2 3,163.3 351.8]BOI ARMM[CDC 2-, 1~5.2 11.9 _~,13r,1 595.9 203,8 799.7 (ll!l-!,610.0 {62.S)!CEZA 16.6 81.6 98.2 7.3 107.6 114.9 155.') 31.8 17.0I~EZA 24,476.5 3,595.3 28,071 ..8 ~,~?~~.1-.~.~~,239.8 56.6 92,4 61.2]SBMA 267.8 5.3 273.1 172.0 2.1 174.1 (35.8) (60.2) 136.3)

Total 37,471.7 3,698.6 41,168.3 86,106.7 7,312.0 93,418.7 129.8 97.8 126.9

% Share toTotal 91.0 ••• 100.0 92.2 7.' 100.0

Moen:1. ~ hvntment. rcler to!he projeel<::emot commllld m-ntB by FI~ and forelgnhveltor..2. DttIhmrqnot.dduptototmduelo.~g.SeMen ofbnk: elIt.: ....,~ ottlc F.~ "'ea 01Belaan (AFAB').b,d 01klYeltmenli (801).

~Aulonomou. Rtglon ofMlnflmMIldllnlo (BOI-ARMM).ClaI1l;08'ielopmcntCotpordon eeoc).CIgayan Economlc Zonc Aulhorl:y(CElJoJ. PhlIppm Et_mlt z- Alr.horI!y(PEZA).and SubIcSty MetropolltanAulhorl!y(S~.

39

Table 11aTotalApproved Foreign and FlI1plnoInvestmenl$ Inthe Informationand Communication Technology(ICT)Industry by sub IndustryFirst Quarter 2012to Second Quarter 2013(In mifl/on pesos)

2012Subsector 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter

Fill Inoal Foreign Total FlIi inoal Foreign Total Fili inoal Foreign Total Fl1l Inoal Foreign Total

Information and 53.8 387.8 441.6 83.3 457.3 540.6 229.8 125.8 355.6 12,189.3 14,470.3 26,659.6communicationITServices 177.6 2.350.7 2,528.3 125.9 500.8 626.7 655.3 2.103.4 2,758.7 720.1 11,315.6 12,035.7Manufacturing 14.1 14.1 687.2 3,055.8 3,743.0Trade 1.7 0.5 2.2

Total 231.3 2,738.5 2,969.8 209.3 958.0 1,167,3 886.9 2,243.8 3,130.6 13,596.6 28,841.7 42,438.3% Share to Total 7.8 92.2 100.0 17.9 82.1 100.0 28.3 71.7 100.0 32.0 68.0 100.0

2013 Growth RateSubsector 1st Quarter 2nd Quarter 022012.022013

Fillpinoall ForeIgn I Total FlIlninoail Foreign Total Fllininoall Foreign I Total

Information and 257.7 910.8 1,168.5 158.9 785.6 944.5 90.7 71.8 74.7communication

ITServices 242.2 2,528.1 2,770.3 212.7 3,087.5 3,300.3 68.9 516.5 426.6Manufacturing OA 0.4Trade

Total 499.9 3,438.9 3,938.8 372,1 3,873.1 4,245.2 77.8 304.3 263.7% Share to Total 12.7 87.3 100.0 8.8 91.2 100.0

Table 11bTotalApproved Foreign and FilipinoInvestments Inthe Information and Communication Technology(leT) Industry by sub industryFirst Semester 2012to First Semester 2013(in million pesos)

2012 2013 Growth RateSubsector First Semester First Semester Semi 2012 • Semi 2013

FlIIDlnoai Foreign I Total Filininoall Foreign I Total FiliDinoail Foreign I Total

Information and 137.1 845.1 982.2 416.6 1,696.4 2,113.0 203.9 100.7 115.1communicationITServices 303.5 2,851.5 3,155.0 455.0 5,615.6 6,070.6 49.9 96.9 92.4Manufacturing 0.4 0.4 0.0 0.0 0.0Trade

Total 440.6 3,696.6 4,137.1 872.0 7,312.0 8,184.0 97.9 97.8 97,8% share to Total 10,6 89.4 100.0 10.7 89.3 100,0

fl! Incl~des Economic Zone O<M!lcpmenl ~nd Ind~slrial ParkNOles'1. Approved Inveslmenm refer to the p<oJeC!cost or commltled Investments by Filplno ~nd foreign investofll.2. Det~~smay not add ~p tototal. d~e to rounding.Sources olbasic data, Authority01the FreeportArea of Bataan (AFAB).Board of Investmenls (BOI),

BO~Aulonomous Region 01M\lSllmMindanao (BOI.ARMM).Clark Developmenl Co'por~tion (CDC),Cageylln Economl<:Zone AuthOf~ (CEZA). Philippine Economic Zone Authcr~ (PEZA),and SUbicBayMetropolitan Authority(SOMA)

40

Table 12aProjected Employment from Approved Foreign and Filipino Investmentsin the Information and Communication Technology (ICT)by sub industryFirst Quarter 2012to Second Quarter 2013

2012 2013 Percentto Growth RateSub-industry Total Q2 Q22012 -

01 I 02 I 03 I 04 I Total 01 I 02 2013 Q22013

Information and 2,645 1,824 1,653 9,675 15,797 2,972 1,377 16.6 (24.5)communicationIT Services 9,434 2,932 13,812 9,434 35,612 12,331 6,916 83.3 135.9Manufacturing 30 30 5 0.1Trade 9 9 2

Total 12,079 4,756 15,504 19,109 51,448 15,305 8,298 100.0 74.5

Table 12bProjected Employment from Approved Foreign and Filipino Investmentsin the Information and Communication Technology (ICT)by sub industryFirst Semester 2012to First Semester 2013

First Semester Percent to Total \;rowth KateSub-industry

I Sem12013 Seml 2012.2012 2013 Seml 2013

Informalion andcommunicationIT ServicesManufacturingTrade

Total

4,469

12,366

16,835

4,349 18.4

19,247 81.55 0.02 0.0

23,603 100.0

(2.7)

55.6

40.2

Notes'

Details may not add up to totals due to rounding,Sources of basic data: Authority of the Freeport Area of Balaan (AFAB), Board of Investments (BOI),

BOI-Autonomous Region of Muslim Mindanao (BO!-ARMM), Clark Development Corporation (CDC),Cagayan Economic Zone Authority (CEZA), Philippine Economic Zone Authority (PEZA),and Subic Bay Metropolitan Authority (SBMA).

41

Table 13aBalance of Payments Foreign Direct InvestmentsFirst Quarter 2012 to Second Quarter 2013(in million pesos)

Q1 Q42013

Q1 Q2

Growth RateQ2 2012.Q22013

Non-Residents' investments61,793.1 23,591.1 15,032.3 19,165.3 84,013.4 5,000.3in the Phils.

Equity other than40,732.5 6,404.4 5,444.7 5,318.4 32,513.0 (6,966.7)reinvestment of earnings

Reinvestment of earnings 11,454.9 13,987.5 8,212.5 11,251.4 8,100.8 7,807.8Debt instruments, net 9,605.7 3,199.2 1,375.2 2,595.5 43,399.6 4,159.1

(788)

(208.8)

(44.2)

30.0

Noles:

1. FDI data are currently based on the Balance of Payments and Intemationallnvestment Position, 6th Edition (BPM6) concept, where net FDIflows refer to non-residents' net equity capital (i.e., placements less withdrawals) + reinvestment of eraning + debt instruments (i,e., netintercompany borrowings).2. The SSP adopted the BPM6 compilation framework effective 22 March 2013 with the release of the full-year 2012 and revised 2011 BOP statistics.

3. Exchange rate used was based on the monthly average buying and selling rate. Details may not add up to totals due to rounding.

Sources of Basic Data: Department of Economic Statistics (DES), Bangko Sentral ng Pilipinas (SSP).

Figure 13aBalance of Payments FDI

Second Quarter, 2012 and 2013(in million pesos)

13,987.5

30,000.0

25,000.0 23,591.1

20,000.0

•0 15,000.0• 5,000.3•0. 6,404.40

~ 10,000.0

'E.5 5,000.0

0.0Non-Residents' investments

(5,000.0) in the Phils.

(10,000.0) (6,966.7)

7,807.8

Reinvestment of earnings

CQ22012 aQ22013

Debt Instruments, net

42

Table13bBalance of Payments Foreign Direct InvestmentsFirst Semester, 2012 and 2013(in million pesos)

First SemesterGrowth RateSem1 2012.

2012 2013 Sem1 2013

Non~Residents' investments 85,384.2 89,013.7 4.3Equity other than reinvestment of

47,138.8 25,546.3 (45.8)earningsReinvestment of earnings 25,442.4 15,908.6 (37.5)Debt Instruments, net 12,804.9 47,558.8 271.4

Notes:1. FDI data are currently based on the Balance of Payments and Intemationallnvestment Position, 6thEdition (BPM6) concept, where net FDI flows refer to non-residents' net equity capital (i.e., placements lesswithdrawals) + reinvestment of eraning + debt instruments (i.e., net intercompany borrowings).

2. The SSP adopted the BPM6 compilation framework effective 22 March 2013 with the release of the full-year 2012and revised 2011 BOP statistics.

3. Exchange rate used was based on the monthly average buying and selling rate. Details may not add up to totalsdue to rounding,

Sources of Basic Data: Department of Economic Statistics (DES), Bangko Sentral ng Pilipinas (SSP).

Figure 13bBalance of Payments FDI


100,000.0 89,013.7DSem12012 DSem12013

90,000.0 85,384

80,000.0

~70,000.0

• 60,000.0• 47,136,8c. 47,558.8c 50,000.0~'E 40,000.0.5

30,000.0 25,546.3 25,442.4

20,000.0 15,908.6

10,000.0

0.0Non-Residents' Equity other than Reinvestment of Debt Instruments,Investments reinvestment of earnings netin the Phils. earnings

43

Table 14aBalance of Payments Foreign Direct InvestmentsFirst Quarter 2011 to Second Quarter 2012(in million US$)

2012 2013 Growth Rate

I I I IQ22012.

Q1 Q2 Q3 Q4 Q1 Q2 Q22013

Non-Residents' investments1,424.0 549.0 359.0 4650 2,064.0 124.0 (77.4)

in the Phils,

Equity other than1290 799.0reinvestment of earnings 937.0 149.0 130.0 (1610) (208.1)

Reinvestment of earnings 266.0 3260 1960 273.0 199.0 187.0 (42.6)Debt instruments, net 221.0 74.0 330 63.0 1,066.0 98.0 32.4

Notes:1. FOI data are currently based on the Balance of Payments and tntemationallnvestment Position, 6th Edition (BPM6) concept, where net FOIflows refer to non-residents' net equity capital (Le., placements less withdrawals) + reinvestment of eraning + debt instruments (i.e., net

2. The BSP adopted the BPM6 compilation framework effective 22 March 2013 with the release of the full-year 2012 and revised 2011 BOP statistics.

Sources of Basic Data: Department of Economic Statistics (DES), Bangko Sentral n9 Pilipinas (SSP).

Figure 14aBalance of Payments FDI


600.0

500.0

4ll0.0

~ 300.0::>e~ 200.0

'e.5 100.0

0.0

(100.0)

(200.0)

549.0-""" DQ22012 DQ22013

326.0

124.0

187.0149.0

74.098.0

\ .. ':1 ,... I !, II f .....1...

Non-Residents' investments Equity 0 Iiertha Reinvestment of earnings Debt instruments, netin the Phils. reinvestmen ot"ea'rn ngs

(161.0)

44

Table 14bBalance of Payments Foreign Direct InvestmentsFirst Semester, 2012 and 2013(in million US$)

First Semester Growth Rate

ISem1 2012.

2012 2013 Sem1 2013

Non-Residents' investments 1,973.0 2,188.0 10.9in the Phils.

Equity other than reinvestment ofearnings 1,086.0 638.0 (41.3)

Reinvestment of earnings 5920 386.0 (348)

Debt instruments, net 295.0 1,164.0 294.6

Notes:1. FDI data are currently based on the Balance of Payments and International Investment Position, 6th Edition (BPM6)concept, where net FDI flows refer to non-residents' net equity capital (Le., placements less withdrawals) +reinvestment of eraning + debt instruments (i.e., net intercompany borrowings).2. The SSP adopted the BPM6 compilation framework effective 22 March 2013 with the release of the full-year 2012 andrevised 2011 BOP statistIcs.

Sources of Basic Data: Department of Economic Statistics (DES), Bangko Sentral ng Pilipinas (SSP)

Figure 14bBalance of Payments FDI


2,500.0

2,188.0

2,000.01,973.

w~ 1,500.0

"~ 1,086.0

's 1,000.0,5

638.0

500.0

0.0Non-Residents' Equity other thaninvestments reinvestment ofin the Phlls. earnings

DSem12012

DSem12013

1,164.0

592.0

Reinvestment of Debt Instruments, netearnings

45

ANNEXES

ANNEXA

Technical Notes

Starting with the Third Quarter 2012 Report, foreign investments approved andregistered by the investment promotion agencies (IPAs) is termed "approved foreigninvestments," replacing the term "approved foreign direct investments" used in theprevious reports. This is to distinguish clearly, the approved foreign investments whichare only commitments and pledges from the foreign direct investments (FDI), which areactual investments being released in the Balance of Payments by the Bangko Sentralng Pilipinas.

Except for this change, all the other aspects in the report as indicated in the previoustechnical notes below remain the same.

Concepts/Coverage

1. One of the objectives of the FilS is to deveiop a system that is comparableinternationally. As such, the Philippine FilS is adopting the International Monetary Fund(IMF) concept of Foreign Direct Investments as described in the Fifth Edition of theBalance of Payments (BOP) Manual, in all of its components, i.e., the Register, theAnnual FDI Reporting System and the Consolidated Quarterly Reporting System.

2. Foreign Direct Investments (FDI) as defined in the BOP Manual, are investmentsmade to acquire a lasting interest by a resident entity in one economy in an enterpriseresident in another economy. The purpose of the investor is to have a significantinfluence, an effective voice in the management of the enterprise. To operationalize thisdefinition, the FilS followed the benchmark definition of the Organization for EconomicCooperation and Development (OECD) which considers as direct investmententerprise an incorporated or unincorporated enterprise in which a direct investor whois resident in another economy owns ten percent or more of the ordinary shares orvoting power (for incorporated enterprise) or the equivalent (for an unincorporatedenterprise). The ten percent cut-off in equity is used to distinguish between direct andportfolio investments, which is not covered by the FilS at present.

3. Since the Philippines is more of a recipient of foreign investments, the FilS coversonly inward foreign direct investments. Specifically, this includes foreign directinvestments in Philippine corporations, partnerships and single proprietorships.

4. Foreign direct investment flows refer to the new or additional investments paidby a foreign entity to a resident enterprise in another country during the period. In thecase of the Philippines, this covers: capital or equity contributions/remittances fromabroad, reinvested earnings, technical fees and royalties converted to equity, bondsand other debts converted to equity and imports converted to equity. Specifically, theCQRS will report on approved FDI flows, registered FDI flows and the balance ofpayments (BOP) FDI flows.

5. Approved foreign direct investments represent the amount of proposedcontribution or share of foreigners to various projects in the country as approved andregistered by the BOI, the PEZA, the SBMA, the CDC, the AFAB, the BOI-ARMM, andthe CEZA. Approved foreign investments do not represent actual investmentsgenerated but rather foreign investment commitments which may come in the near

46

future. This consists of equity, loans and reinvested earnings. In theoperationalization of computing for approved FDls as approved and registered with theInvestment Promotion Agencies (IPAs), all FDls including those with less than 10percent of the ordinary shares are included. The reason is that approved FDls asrendered by the IPAs have long lasting interest unlike portfolio investments.

6. Approved FDls in the Information and Communication Technology Sector(ICT) includes investment commitments in the manufacturing of ICT equipments,spare parts and accessories including professional, medical and scientificinstruments as well as ICT services e.g., wholesale trade of computers, electronicparts and equipments; telecommunications; renting of computers and other officeequipments; computer services and other related activities.

7. Registered FDis only represent foreign equity investments or paid up capital anddoes not include intercompany loans. Hence, not all approved FDls are translated intoregistered FDls since the former consist of intercompany loans and reinvestedearnings. In addition, capital inflows from approved FDls are spread or expected to befully implemented after five years or more, based on the experience of investmentpromotion agencies.

8. On the other hand, the BOP FDls cover cash and non-cash transactions onforeign direct investment flows that are coursed through the banking system.Machinery, equipment and reinvested earnings, which are not cash transactions areincluded if data are available.

Methodology and Sources of Data

1. The NSCB as the agency that coordinates all statistical matters in government hasbeen tasked by the IAC-FDIS with the preparation of the CORSo The CORS coversactual and approved foreign direct investments.

2. The investment promotion agencies generate data on foreign investmentsmonthly. These agencies show "project cost" in reflecting approved or committedinvestments. For purposes of the CORS, the term approved investments is adopted.Not all of approved investments will materialize during the period. There is a gestationperiod between approval and actual investments.

3. To arrive at total approved investments, the reported project costs of BOI, PEZA,SBMA, CDC, AFAB, BOI-ARMM, and CEZA are summed up for the quarter.

4. Total balance of payments foreign direct investments is obtained from the Balanceof Payments (BOP) tables compiled monthly by the BSP. The BOP provides the dataframework on all external transactions of the national economy, in which FDI is oneitem. Conceptually, the FDI flows in the BOP are consistent with the IMF definition.Hence, these are taken as the global total of foreign investments inflow on a quarterlybasis.

5. The SEC and BTRCP also report monthly foreign capital investments. SEC comesup with data on investments and number of non-FIA registered FDI corporations(foreign ownership is less than 40 percent) and FIA-registered corporations (40percent and over foreign ownership), by country of investor and by industry. In the SEC,foreign investments refer to the foreign equity (paid-up) capital of the non-FIA and FIAregistered corporations. It should be noted, however, that registration with SEC and

47

STRCP does not translate into actual flows as captured by the SOP of the SSP.

6. Hence, what are not reported at present are additional investments of existing FDIenterprises. SEC covers only that portion of existing FDI enterprises that apply foradditional authorized capitalization.

7. The International Operations Department (100) of the SSP registers foreign directinvestments in cash or in kind in any enterprise organized or existing under the laws ofthe Philippines. Registration of foreign investments with SSP is not mandatory but itgives foreign investors the authority to source foreign exchange from the local bankingsystem to service capital repatriation and cash dividends/profits and other earningsaccruing to SSP-registered investments. As there is currently no mandatory periodwithin which to register these investments, there is a time lag between the registrationwith the SSP and the inflow of the investment funds or in the case of investment in kind,the receipt by investee firm of said investment. In some cases, this time lag could be ayear or longer.

8. Total approved investments include all Filipino and foreign investments which hasbeen granted approval by the promotion agencies, i.e., SOl, PEZA, CDC, SSMA, AFAS,SOI-ARMM, and CEZA.

9. Due to the cut-off periods on data processing adopted in the preparation of thisreport, revisions for the immediately preceding quarters may be done in each issue.

48

ANNEXB

The Foreign Investments Information System

The Foreign Investments Information System (FilS) was started in 1991 as a project '-'to develop an integrated approach for generating and reporting foreign directinvestments (FDI) in the Philippines.

Statistics on FDls are being reported/generated by a number of agencies that carry outfunctions relating to management and monitoring of and/or promotion for attractingforeign investments in the country, which has often resulted in inconsistent datageneration and interpretation because of differences in concepts, definitions andreporting periods adopted by the concerned agencies.

With the objective of resolving this problem and other issues in the generation andreporting of foreign investment statistics, the National Statistical Coordination Board(NSCB) created An ad hoc Inter-Agency Group (lAG) in 1991 to conduct a study for theimplementation of the FilS.

The lAG published its First Report of the FilS Study in July 1996 based on availableannual administrative data for 1991 and 1992. The report also recommended a systemthat will operationalize the concepts and methodologies for developing and compilingforeign direct investment statistics in the Philippines context. The report featured theresults of the 1991-1992 estimates of stock of FDI, and the concepts, methodology,data system and institutional support needed to implement the FilS.

Based on the recommendation in the FilS Study, the NSCB created the Inter-AgencyCommittee on Foreign Direct Investments Statistics (IAC-FDIS) in September 1996through NSCB Memorandum Order No. 1-96 to rationalize and integrate foreigninvestments data in all aspects including collection, processing and dissemination. TheIAC-FDIS is now composed of:

National Statistical Coordination BoardBoard of Investments (BOI)Bangko Sentral ng Pilipinas (BSP)Bureau of Trade Regulation & Consumer

Protection (BTRCP)Clark Development Corporation (CDC)National Economic and Development

Authority (NEDA)National Statistics Office (NSO).Philippine Economic Zone Authority (PEZA)Securities and Exchange Commission (SEC)Subic Bay Metropolitan Authority (SBMA)

ChairCo-ChairMember

MemberMember

MemberMemberMemberMemberMember

u

The member agencies of the IACFDIS jointly implement the institutionalization ofthe FilS. The IACFDIS is currently implementing the second component of the

Initial funding came from cooperating agencies, i.e., NSCB, BOI, BSP, SEC and BTRCP. USAIDfunded the project starting in 1993.

52

FilS, the Consolidated Quarterly Reporting System (CQRS). which has beenproducing the quarterly Reports on Foreign Direct Investments in the Philippinessince 1997. The CQRS operationalizes the integration and uniform reporting ofquarterly data on foreign investment reported by the various concerned agencies.The quarterly Report on Foreign Direct Investments in the Philippines, which isapproved by the IACFDIS. is released to the public upon submission to thePresident of the Philippines sixty days after the reference quarter.

Consolidated Quarterly Reporting System

I ...-~ "1lI

--r:Jr7 r:Ji!] F::7EJ"" EJ" ~.' .....Efi!!JL-.J L--.l ' ~,

ForeIgn Investment Stallstics

••!Ill! ForeignInvestmentStatistics

The other two components of the FilS are the Registry of Firms on ForeignInvestments and the Annual Reporting System. These three components will laterbe integrated to complete the FilS.

53

National Statistical Coordination BoardEconomic Indicators and Satellite Accounts Division

Economic Statistics Office

Jose Ramon G. AlbertSecretary General

Lina V. CastroAssistant Secretary General

Raymundo J. TalentoDirector

Economic Statistics Office

Cynthia S. RegaladoDivision Chief

Economic Indicators and Satellite Accounts Division

Technical StaffFlorande S. Polistico

Stephanie Rose R. MoscosoJohn Lourenze S. Poquiz

For Inquiries:,Nime •

NATIONAL STATISTICAL COORDINATION BOARDNATIONAL STATISTICAL INFORMATION CENTERGround Floor Midland Buendia Building403 Sen. Gil J. Puyat Avenue, Makati CityPhilippines 1200

Tel. Nos. +63(2) 8952767 +63(2) 8909405Telefax No. +63(2) 8908456

E-mail address:[email protected]: www.nscb.gov.ph

mailto:address:[email protected]


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