Tripling of Q2 FDIs to create over 52,000 jobs — NSCB

Published by rudy Date posted on August 17, 2011

Foreign direct investments (FDI) tripled to P40.6 billion in April-June this year from P13.8 billion a year earlier and set in motion the process of creating 52,604 new jobs, according to the latest data gathered from four of the country’s major investment promotion agencies.

Projected employment from the FDI projects in the second quarter rose by 81.4 percent from the 29,004 jobs year-on-year.

The National Statistical Coordination Board (NSCB) said Japanese investors committed 43.2 percent or P17.5 billion of the investments approved by the Board of Investments, Clark Development Corporation, Philippine Economic Zone Authority, and Subic Bay Metropolitan Authority.

The United States and the Netherlands were also top investors, with shares of 20.3 percent (P8.2 billion) and 17.7 percent (P17.2 billion), respectively.

The main bulk of the FDIs, P26.4 billion, were channeled to the manufacturing sector. A far second were real estate investments at P5.2 billion. The utilities sector got P4.8 billion. — ELR/VS, GMA News

July 2025

Nutrition Month
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Invoke Article 33 of the ILO Constitution
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to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
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Accept National Unity Government (NUG)
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July


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3 Ju
ly – International Plastic Bag Free Day
 
5 July –
World Youth Skills Day 
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Monthly Observances:

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Week 2: Cultural Communities Week
Micro, Small, and Medium Enterprise
Development Week
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July 13-19:
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