MANILA – The Philippine Statistics Authority (PSA) on Thursday reported that registered investments each from native and overseas sources in funding promotion businesses (IPAs) improved by 17 p.c to PHP478.16 billion within the fourth quarter of 2022 from PHP408.54 billion in the identical quarter the earlier yr.
The PSA mentioned these funding tasks are anticipated to generate 37,766 jobs.
The Board of Investments (BOI) registered the biggest approvals amounting to PHP366.7 billion, or 76.7 p.c of the overall funding approvals in October to December.
This is adopted by the Philippine Economic Zone Authority (PEZA), with funding pledges amounting to PHP101.07 billion, or sharing 21.1 p.c of the overall accredited investments within the final quarter of the earlier yr, and the Subic Bay Metropolitan Authority (SBMA) with whole mission registration of PHP7.24 billion.
Top three industries with highest approvals have been data and communication, with registered tasks amounting to PHP198.74 billion; electrical energy, gasoline, steam and air con provide at PHP96.03 billion; and actual property actions at PHP96.01 billion.
Majority of those investments might be infused in Region 4-A (Calabarzon), getting PHP97.8 billion price of tasks, adopted by Region 1 (Ilocos) with PHP89.74 billion tasks, and Region 3 (Central Luzon) with PHP41.01 billion tasks.
Meanwhile, whole accredited overseas investments alone elevated by 30.1 p.c within the fourth quarter of 2022 to PHP173.61 billion from PHP133.74 billion in the identical interval in 2021.
“The bulk of foreign investment commitments for the fourth quarter of 2022 was from Singapore (64.2 percent), followed by Japan (21.5 percent), and (the) United Kingdom (5.9 percent). Singapore committed PHP 111.47 billion, while Japan and (the) United Kingdom pledged PHP 37.41 billion and PHP 10.22 billion, respectively,” PSA mentioned. (PNA)
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