The Foreign Investments in the Philippines is a quarterly publication prepared by the Macroeconomic Accounts Service of the PHILIPPINE STATISTICS AUTHORITY (PSA). For technical inquiries, please contact us at: (632) 8376-1954 or email us at [email protected].

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ISSN 1655-8928

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24 February 2021

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TABLE OF CONTENTS PAGE

Foreword

Summary 1-2

Analysis 3-16

Technical Notes 17-23

Tables 24-25

Table 1A Total Approved Foreign Investments by Investment Promotion Agency: 26-28 First Quarter 1996 to Fourth Quarter 2020, in million pesos

Table 1B Total Approved Foreign Investments by Investment Promotion Agency: 29 First Quarter 2019 to Fourth Quarter 2020, in million pesos

Table 1C Total Approved Foreign Investments by Investment Promotion Agency: 29 First Quarter 2018 to Fourth Quarter 2020, in million pesos

Table 2A Total Approved Foreign Investments by Country of Investor: 30 First Quarter 2019 to Fourth Quarter 2020, in million pesos

Table 2B Total Approved Foreign Investments by Country of Investor: 30 2019 and 2020, in million pesos

Table 3A Total Approved Foreign Investments by Industry: 31 First Quarter 2019 to Fourth Quarter 2020, in million pesos

Table 3B Total Approved Foreign Investments by Industry: 31 2019 and 2020, in million pesos

Table 4A Total Approved Foreign Investments by Region: 32 First Quarter 2019 to Fourth Quarter 2020, in million pesos

Table 4B Total Approved Foreign Investments by Region: 32 2019 and 2020, in million pesos

Table 5A Projected Employment from Approved Projects with Foreign Interest: 33 First Quarter 2019 to Fourth Quarter 2020

Table 5B Projected Employment from Approved Projects with Foreign Interest: 33 2019 and 2020

Table 6A Total Approved Investments of Foreign and Filipino Nationals by 34 Investment Promotion Agency: First Quarter 2019 to Fourth Quarter 2020, in million pesos

Table 6B Total Approved Investments of Foreign and Filipino Nationals by 34 Investment Promotion Agency: 2019 and 2020, in million pesos

Table 7A Total Approved Investments by Nationality (Filipino and Foreign) by 35 Investment Promotion Agency: First Quarter 2019 to Fourth Quarter 2020, in million pesos

PAGE Table 7B Total Approved Investments by Nationality (Filipino and Foreign) by 35 Investment Promotion Agency: 2019 and 2020, in million pesos

Table 8A Total Approved Investments of Foreign and Filipino Nationals by Industry: 36 First Quarter 2019 to Fourth Quarter 2020, in million pesos

Table 8B Total Approved Investments of Foreign and Filipino Nationals by Industry: 36 2019 and 2020, in million pesos

Table 9A Total Approved Investments of Foreign and Filipino Nationals by Region: 37 First Quarter 2019 to Fourth Quarter 2020, in million pesos

Table 9B Total Approved Investments of Foreign and Filipino Nationals by Region: 37 2019 and 2020, in million pesos

Table 10A Projected Employment from Approved Investments of Foreign and 38 Filipino Nationals: First Quarter 2019 to Fourth Quarter 2020

Table 10B Projected Employment from Approved Investments of Foreign and 38 Filipino Nationals: 2019 and 2020

Table 11A Projected Employment from Approved Investments of Foreign and 39 Filipino Nationals by Industry: First Quarter 2019 to Fourth Quarter 2020

Table 11B Projected Employment from Approved Investments of Foreign and 39 Filipino Nationals by Industry: 2019 and 2020

Table 12A Total Approved Foreign and Filipino Investments in the Information and 40 Communications Technology (ICT) Industry by Investment Promotion Agency: First Quarter 2019 to Fourth Quarter 2020, in million pesos

Table 12B Total Approved Foreign and Filipino Investments in the Information and 40 Communications Technology (ICT) Industry by Investment Promotion Agency: 2019 and 2020, in million pesos

Table 13A Total Approved Foreign Investments in the Information and Communications 41 Technology (ICT) and Non- ICT Industry by Investment Promotion Agency: First Quarter 2019 to Fourth Quarter 2020, in million pesos

Table 13B Total Approved Foreign Investments in the Information and Communications 41 Technology (ICT) and Non- ICT Industry by Investment Promotion Agency: 2019 and 2020, in million pesos

Table 14A Total Approved Foreign and Filipino Investments in the Information and 42 Communications Technology (ICT) Industry by Sub-Industry: First Quarter 2019 to Fourth Quarter 2020, in million pesos

Table 14B Total Approved Foreign and Filipino Investments in the Information and 42 Communications Technology (ICT) Industry by Sub-Industry: 2019 and 2020, in million pesos

Table 15A Projected Employment from Approved Foreign and Filipino Investments 43 in the Information and Communications Technology (ICT) by Sub-Industry: First Quarter 2019 to Fourth Quarter 2020

Table 15B Projected Employment from Approved Foreign and Filipino Investments in 43 the Information and Communications Technology (ICT) by Sub-Industry: 2019 and 2020

FOREWORD

The Foreign Investments (FI) Report is one of the statistical reports maintained by the Philippine Statistics Authority (PSA). It contains 31 tables which are updated and released quarterly. It integrates the quarterly statistical reports on approved investments submitted by government agencies working on investment promotion, administration, and regulation.

It provides an analysis on investments of foreign and Filipino nationals approved by the seven investment promotion agencies (IPAs), namely: Board of Investments (BOI), Clark Development Corporation (CDC), Philippine Economic Zone Authority (PEZA), Subic Bay Metropolitan Authority (SBMA), Authority of the Freeport Area of Bataan (AFAB), BOI-Bangsamoro Autonomous Region in Muslim Mindanao (BOI-BARMM), and Cagayan Economic Zone Authority (CEZA).

The FI Report hopes to cover more investment promotion agencies to support the information needs of our data users. We encourage the readers to give their comments and suggestions on the improvement of this report.

DENNIS S. MAPA, Ph.D. Undersecretary National Statistician and Civil Registrar General

Quezon City, Philippines February 2021 Approved Foreign Investments, Q4 2020

Approved Foreign Investments in the Philippines Fourth Quarter 2020

Summary

Total Approved Foreign Investments (FI)1, Fourth Quarter and Annual 2020

Total foreign investments (FI) approved in the fourth quarter of 2020 by the investment promotion agencies (IPAs), namely: Board of Investments (BOI), Clark Development Corporation (CDC), Philippine Economic Zone Authority (PEZA), Subic Bay Metropolitan Authority (SBMA), Authority of the Freeport Area of Bataan (AFAB), BOI-Bangsamoro Autonomous Region in Muslim Mindanao (BOI-BARMM), and Cagayan Economic Zone Authority (CEZA) declined to PhP 36.49 billion. This was lower by -67.5 percent compared with PhP 112.11 billion in the same period of the previous year. Meanwhile, the total approved FI for 2020 reached PhP 112.1 billion or lower by -71.3 percent compared with the PhP 390.1 billion recorded in the same period of the previous year.

The top three prospective investing countries for the fourth quarter of 2020 are United States of America (USA), Taiwan and Japan. The USA committed PhP 13.4 billion or 36.7 percent of the total FI. Meanwhile, Taiwan and Japan pledged PhP 4.4 billion (12.1%) and PhP 4.3 billion (11.7%) of the total FI, respectively.

The USA ranked first with investment commitments reaching PhP 35.4 billion or 31.5 percent of the total FI in 2020. This was followed by China (PROC)2 with investment pledges amounting to PhP 15.6 billion (13.9%), and United Kingdom (UK) with investment pledges reaching PhP 13.1 billion (11.7%), respectively.

Transportation and Storage would receive the largest amount of approved FI in the fourth quarter of 2020, amounting to PhP 14.0 billion or 38.4 percent of the total FI. Manufacturing came in second with investment pledges valued at PhP 10.4 billion (28.4%). This was followed by FI commitments to Real Estate Activities amounting to PhP 7.0 billion (19.1%).

About this report Inside

th This report is the 95 of a series on quarterly statistics on approved foreign Part I - Analysis investments (FI) in the Philippines, integrating the quarterly statistical reports on FI submitted by the government’s investments promotion, administration A. Approved foreign and regulation agencies. investments…………………………...... 3 to 10

B. Approved investments of foreign and Filipino It provides an analysis of the Foreign Investments (FI) and investments by nationals………………………………... 10 to 14 Filipinos approved by the Board of Investments (BOI), Clark Development Corporation (CDC), Philippine Economic Zone Authority (PEZA), Subic Bay C. Approved investments in the Metropolitan Authority (SBMA), Authority of the Freeport Area of Bataan Information and Communications Technology (ICT) (AFAB), BOI-Bangsamoro of Autonomous Region of Muslim Mindanao Industry………………..….…………….. 15 to 16 (BOI-BARMM), and Cagayan Economic Zone Authority (CEZA);

Part II – Technical Notes Approved foreign investments represent investment commitments and pledges by foreigners regardless of the percentage of ownership of the Part III – Statistical Tables ordinary shares, which may be realized in the near future.

1 Approved FI represents the amount of proposed contribution or share of foreigners to various projects in the country as approved and registered by the IPAs. This consists of equity, loans and reinvested earnings. (See Part II – Technical Notes) 2 PROC stands for People’s Republic of China 1 Approved Foreign Investments, Q4 2020

In 2020, Manufacturing would receive the largest amount of FI commitments at PhP 37.6 billion or 33.5 percent. Transportation and Storage would receive the second largest FI pledges amounting to PhP 37.5 billion (33.4%), and followed by Administrative and Support Service Activities with PhP 17.8 billion (15.9%).

In terms of location, majority of investments in the fourth quarter of 2020 were intended to finance project in Region IVA – CALABARZON with PhP 22.8 billion or 62.4 percent of the total FI. Region III – Central Luzon would receive the second largest amount of FI at PhP 6.7 billion (18.3%). The rest of the regions would collectively receive PhP 7.0 billion (19.3%).

NCR would receive PhP 40.4 billion or 36.0 percent of the approved FI in 2020. This was followed by Region IVA – CALABARZON with PhP 35.0 billion (31.2%) and Region III – Central Luzon with PhP 14.5 billion (12.9%), respectively.

Approved Investments of Foreign and Filipino Nationals, Fourth Quarter and Annual 2020

Approved investments of foreign and Filipino nationals reached PhP 270.1 billion in the fourth quarter of 2020, a decline by -34.5 percent compared with the PhP 412.2 billion in the previous year. Filipino nationals shared PhP 233.6 billion worth of pledges or 86.5 percent of the total investments for the period. Among the industries, Electricity, Gas, Steam and Air Conditioning Supply would receive the largest amount of investments at PhP 131.5 billion or 48.7 percent of the total approved investments.

In 2020, the total approved investments of foreign and Filipino nationals amounted to PhP 1,137.9 billion, lower by -13.1 percent compared with PhP 1,309.1 billion committed in the previous year. The largest amount of investments would go to Transportation and Storage at PhP 694.8 billion or 61.1 percent of the total approved investments.

Projected Employment from Approved Investments of Foreign and Filipino Nationals, Fourth Quarter and Annual 2020

Approved investments of foreign and Filipino nationals in the fourth quarter of 2020 are projected to generate 35,414 employment, lower by -36.7 percent compared with the previous year’s projected employment of 55,946. Out of these total projected employment, 68.4 percent would be absorbed by projects with foreign interest. Meanwhile, among the industries, Real Estate Activities is projected to produce the most number of jobs during the quarter at 10,736.

Projected employment from approved investments reached 140,216 jobs in 2020, lower by -21.6 percent from the 178,954 projected jobs in 2019. Manufacturing would absorb the most number of jobs for the period at 44,726 jobs.

Approved Investments of Foreign and Filipino Nationals in Information and Communications Technology (ICT), Fourth Quarter and Annual 2020

The proposed investments of foreign and Filipino nationals to Information and Communications Technology (ICT) in the fourth quarter of 2020 amounted to PhP 3.2 billion. This is almost a hundred percent lower than PhP 218.6 billion committed in the same period of the previous year. Investment commitments in ICT industries accounted for 8.7 percent of the total approved investments in the fourth quarter of 2020. Foreign nationals were the major source of investment pledges in ICT, committing PhP 3.2 billion worth of investments (98.6%). Proposed investments in ICT for 2020 totaled to PhP 18.9 billion from PhP 537.9 billion committed in 2019.

2 Approved Foreign Investments, Q4 2020

Part I – ANALYSIS

A. Approved Foreign Investments (FI)

A.1 Total Approved FI

A.1.1 Fourth Quarter 2020

Total FI applications approved in the fourth quarter of 2020 by AFAB, BOI, BOI-BARMM, CDC, CEZA, PEZA, and SBMA amounted to PhP 36.5 billion. This amount was lower by more than three-fold compared with the PhP 112.1 billion recorded in the same period of the previous year.

FIGURE 1A Total Approved Foreign Investments for the Fourth Quarter: 2019 and 2020

112.1

PhP in in billion

36.5

Q4 2019 Q4 2020

Sources of data: AFAB, BOI, BOI-ARMM, CDC, CEZA, PEZA, SBMA

Investment pledges from BOI made up 50.6 percent of the total foreign investments for the period with PhP 18.5 billion. However, BOI-approved commitments were down by more than five-fold. FI from PEZA grew to PhP 17.0 billion in the fourth quarter of 2020 from PhP 15.5 billion in the same period of the previous year. Investment pledges from AFAB posted an increase to PhP 393.0 million. CDC posted a 19.6 percent increase to PhP 292.7 million from PhP 244.8 million. The total FI commitments from CEZA increased to PhP 53.6 million while SBMA declined to PhP 234.2 million (Figure 1A and Part III – Table 1B).

A.1.2 Annual 2020

The total approved FI for the year reached PhP 112.1 billion, three times lower than the PhP 390.1 billion recorded in the same period of the previous year. Pledges approved by PEZA accounted 53.3 percent, the largest share of FI for the period. BOI-approved pledges posted a decline of -85.8 percent from PhP 335.7 billion in 2019 to PhP 47.7 billion in 2020. Foreign investments approved by BOI in 2020 accounted for 42.6 percent of the total (Figure 1B and Part III – Table 1C).

3 Approved Foreign Investments, Q4 2020

FIGURE 1B Total Approved Foreign Investments for 2019 and 2020

390.1

PhP in billion in billion

112.1

2019 2020

Sources of data: AFAB, BOI, BOI-BARMM, CDC, CEZA, PEZA, SBMA

Investment pledges from CDC registered an increase, reaching PhP 2.6 billion in 2020 from PhP 1.3 billion in the same period of the previous year. Likewise, pledges from CEZA increased by almost four-fold while AFAB by 16.1 percent, respectively. Meanwhile, approved FI from SBMA declined by -85.0 percent (Figure 2 and Part III – Table 1C).

Figure 2 shows the series of quarterly approved FI from First Quarter 2011 to Fourth Quarter 2020.

250.0 FIGURE 2 Total Approved Foreign Investments: First Quarter 2011 - Fourth Quarter 2020

200.0

150.0 inbillion PhP

100.0

50.0

-

Q2 Q1 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q3 Q2 Q1 Q4 Q1 Q3 Q4 Q2 Q3 Q4 Q2 Q3 Q1 Q2 Q4 Q1 Q3 Q4 Q2 Q3 Q1 Q2 Q4 Q1 Q2 Q4 Q1 Q3 Q4 Q2 Q3 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Year and Quarter

Sources of data: AFAB, BOI, BOI-BARMM, CDC, CEZA, PEZA, SBMA

4 Approved Foreign Investments, Q4 2020

A.2 Top Prospective Investing Countries

A.2.1 Fourth Quarter 2020

The USA topped the list of prospective investing countries in the fourth quarter of 2020 as it intended to pour in PhP 13.4 billion worth of investments. This accounted for 36.7 percent of the total FI for the period.

Taiwan and Japan ranked second and third among major sources of approved FI during the period, respectively. Taiwan accounted for 12.1 percent of the total FI or PhP 4.4 billion investment pledges. Meanwhile, Japan accounted for 11.7 percent of the total FI or PhP 4.3 billion investment pledges (Figure 3A and Part III – Table 2A).

FIGURE 3A Percent Share of the Total Approved Foreign Investments by Country of Investor: Fourth Quarter 2020

Others 21.1% USA 36.7%

Netherlands 6.7%

Singapore 11.7%

Taiwan Japan 12.1% 11.7%

Sources of data: AFAB, BOI, BOI-BARMM, CDC, CEZA, PEZA, SBMA

A.2.2 Annual 2020

In 2020, the USA led the list of investing countries, committing PhP 35.4 billion or 31.5 percent of the total approved FI. This was followed by China (PROC) at PhP 15.6 billion (13.9%) and the UK at PhP 13.1 billion (11.7%), respectively (Figure 3B and Part III – Table 2B).

FIGURE 3B Percent Share of the Total Approved Foreign Investments by Country of Investor: 2020

Others 25.6% USA 31.5%

Japan 8.4%

China (PROC) Singapore 13.9% 8.9%

UK 11.7%

Sources of data: AFAB, BOI, BOI-BARMM, CDC, CEZA, PEZA, SBMA

5 Approved Foreign Investments, Q4 2020

A.3 Top Industries for Approved Foreign Investments

A.3.1 Fourth Quarter 2020

The bulk of approved foreign investments in the fourth quarter of 2020 were intended to fund projects in the Transportation and Storage industry. FI committed to the industry was valued at PhP 14.0 billion, higher by more than six-fold compared with PhP 2.3 billion in the same period of the previous year. Projects in Manufacturing would receive the second largest amount of foreign investments at PhP 10.4 billion, accounting for 28.4 percent of the total FI applications. Real Estate Activities, meanwhile, was set to receive PhP 7.0 billion or 19.1 percent of the total approved FI (Figure 4A and Part III – Table 3A).

FIGURE 4A Percent Share of the Total Approved Foreign Investments by Industry: Fourth Quarter 2020

D. Electricity, Gas, Steam and Others Air Conditioning 1.6% H. Supply Transportation 3.5% and Storage N. Administrative 38.4% and Support Service Activities 9.1%

L. Real Estate Activities 19.1%

C. Manufacturing 28.4%

Details do not add up to 100% due to rounding

Sources of data: AFAB, BOI, BOI-BARMM, CDC, CEZA, PEZA, SBMA

A.3.2 Annual 2020

Majority of the foreign investment commitments from 2020 were intended to finance projects in Manufacturing. The industry was projected to receive PhP 37.6 billion or 33.5 percent of the total approved FI. Transportation and Storage industry came in second with investment commitments valued at PhP 37.5 billion or 33.4 percent, followed by the Administrative and Support Service Activities at PhP 17.8 billion or 15.9 percent (Figure 4B and Part III – Table 3B).

6 Approved Foreign Investments, Q4 2020

FIGURE 4B Percent Share of the Total Approved Foreign Investments by Industry: 2020

D. Electricity, Others Gas, Steam and 5.4% Air Conditioning Supply 2.1% C. Manufacturing L. Real Estate 33.5% Activities 9.6%

N. Administrative and Support Service Activities 15.9%

H. Transportation and Storage 33.4% Details do not add up to 100% due to rounding

Sources of data: AFAB, BOI, BOI-BARMM, CDC, CEZA, PEZA, SBMA

A.4 Total Approved FI by Region

A.4.1 Fourth Quarter 2020

The bulk of the total approved foreign investments in the fourth quarter of 2020, which were intended to finance projects in Region IVA – CALABARZON, amounted to PhP 22.8 billion or 62.4 percent of total FI. Meanwhile, Region III – Central Luzon and the National Capital Region (NCR) would receive the second and third largest amount of FI at PhP 6.7 billion or 18.3 percent and PhP 5.2 billion or 14.1 percent, respectively (Figure 5A and Part III – Table 4A).

FIGURE 5A Percent Share of the Total Approved Foreign Investments by Region: Fourth Quarter 2020 VII - Central Visayas VI - Western 1.8% Others Visayas 1.4% 2.0%

NCR - National Capital Region 14.1%

IVA - III - Central Luzon CALABARZON 18.3% 62.4%

Sources of data: AFAB, BOI, BOI-BARMM, CDC, CEZA, PEZA, SBMA

7 Approved Foreign Investments, Q4 2020

A.4.2 Annual 2020

In 2020, PhP 40.4 billion or 36.0 percent of the total FI would be invested in NCR. Meanwhile, Region IVA – CALABARZON and Region III – Central Luzon would receive the second and third largest amount of FI at PhP 35.0 billion or 31.2 percent and PhP 14.5 billion or 12.9 percent, respectively (Figure 5B and Part III – Table 4B).

FIGURE 5B Percent Share of the Total Approved Foreign Investments by Region: 2020

VII - Central Others Visayas 4.7% 3.4%

XII - SOCCSKSARGEN 11.7% NCR - National Capital Region 36.0%

III - Central Luzon 12.9%

IVA - CALABARZON 31.2%

Details do not add up to 100% due to rounding

Sources of data: AFAB, BOI, BOI-BARMM, CDC, CEZA, PEZA, SBMA

A.5 Projected Employment from Approved FI A.5.1 Fourth Quarter 2020

Approved FI projects by the seven IPAs in the fourth quarter of 2020 were projected to generate 24,239 jobs, -45.0 percent lower than 44,082 projected jobs in the same period of the previous year. FI projects coursed through PEZA were projected to generate the most number of jobs at 14,770 or 60.9 percent share. BOI-approved FI projects came in second with7,655 jobs or 31.6 percent share. Meanwhile, CDC came in third with 1,122 jobs or 4.6 percent share. The other IPAs jointly accounted for 2.9 percent share in terms of job generation (Part III – Table 5A).

A.5.2 Annual 2020

In 2020, the projected employment from approved FI stood at 99,718 jobs, -23.1 percent lower than 129,610 projected employment in the same period of the previous year. FI projects approved by PEZA were projected to generate the greatest number of jobs at 69,218 or 69.4 percent share. This was followed by BOI and CDC at 24,683 jobs or 24.8 percent share and 4,763 jobs or 4.8 percent share, respectively (Part III – Table 5B).

8 Approved Foreign Investments, Q4 2020

B. Approved Investments of Foreign and Filipino Nationals

B.1 Total Approved Investments of Foreign and Filipino Nationals

B.1.1 Fourth Quarter 2020

Approved investments of foreign and Filipino nationals amounted to PhP 270.1 billion in the fourth quarter of 2020. This was lower by -34.5 percent compared with the PhP 412.2 billion registered in the fourth quarter of 2019. Filipino nationals accounted for the majority of the investments approved during the period, supplying PhP 233.6 billion or 86.5 percent of the total investments of foreign and Filipino nationals.

The bulk of these investment commitments were coursed through BOI. BOI-approved pledges for the quarter amounted to PhP 236.67 billion or 87.6 percent of the total investment commitments. These investments were lower by -37.1 percent compared with the PhP 375.97 billion approved in the same period of the previous year.

All investment pledges coursed through the other IPAs except AFAB registered declines (Figure 6A and Part III – Table 6A).

FIGURE 6A Total Approved Foreign and Filipino Investments: Fourth Quarter: 2019 and 2020

300.1 Filipino PhP

Foreign in billion in billion

233.6

112.1

36.5

Q4 2019 Q4 2020

Sources of data: AFAB, BOI, BOI-BARMM, CDC, CEZA, PEZA, SBMA

B.1.2 Annual 2020

Investment commitments from both foreign and Filipino nationals in 2020 amounted to PhP 1,137.9 billion. This was lower by -13.1 percent compared with the PhP 1,309.1 billion recorded in the same period in 2019. Out of this amount, PhP 1,025.7 billion or 90.1 percent were supplied by Filipino investors. Foreign nationals, on the other hand, pledged PhP 112.1 billion worth of investments or 9.9 percent.

Investment commitments coursed through BOI amounted to PhP 1,016.2 billion. This accounted for 89.3 percent of the total investments in 2020. Investment pledges coursed through PEZA, which amounted to PhP 95.0 billion, made up 8.4 percent of the total. Pledges approved by other IPAs jointly account for 2.3 percent of the total investments for the period (Figure 6A and Part III – Table 7B).

9 Approved Foreign Investments, Q4 2020

FIGURE 6A Total Approved Foreign and Filipino Investments: 2019 and 2020

919.0 PhP Filipino

Foreign in in billion 1,025.7

390.1

112.1

2019 2020

Sources of data: AFAB, BOI, BOI-BARMM, CDC, CEZA, PEZA, SBMA

B.2 Total Approved Investments of Foreign and Filipino Nationals by Industry

B.2.1 Fourth Quarter 2020

In the fourth quarter of 2020, investments intended to finance projects in Electricity, Gas, Steam and Air Conditioning Supply reached PhP 131.5 billion or 48.7 percent of the total investment pledges of foreign and Filipino nationals. Investments in Real Estate Activities ranked second with PhP 34.3 billion or 12.7 percent of total approved investments. This was followed by Water Supply, Sewerage, Waste Management and Remediation Activities with PhP 26.7 billion or 9.9 percent (Figure 7A and Part III – Table 8A).

FIGURE 7A Percent Share of the Total Approved Foreign and Filipino Investments by Industry: Fourth Quarter 2020

Others 11.1%

H. Transportation and Storage 7.7%

F. Construction D. Electricity, Gas, 9.9% Steam and Air Conditioning Supply E. Water Supply; 48.7% Sewerage, Waste Management and Remediation Activities 9.9% L. Real Estate Activities 12.7%

Sources of data: AFAB, BOI, BOI-BARMM, CDC, CEZA, PEZA, SBMA

10 Approved Foreign Investments, Q4 2020

B.2.2 Annual 2020

In 2020, Transportation and Storage industry was set to receive PhP 694.8 billion or 61.1 percent of total investments. Electricity, Gas, Steam and Air Conditioning Supply came in second at PhP 200.6 billion or 17.6 percent of the total pledges. Investments intended to finance project in the Real Estate industry ranked third at PhP 85.3 billion or 7.5 percent of the total investments (Figure 7B and Part III – Table 8B).

FIGURE 7B Percent Share of the Total Approved Foreign and Filipino Investments by Industry: 2019 and 2020

Others F. Construction 6.9% 2.5% C. Manufacturing 4.4%

L. Real Estate Activities 7.5%

D. Electricity, Gas, H. Transportation Steam and Air and Storage Conditioning 61.1% Supply 17.6%

Sources of data: AFAB, BOI, BOI-BARMM, CDC, CEZA, PEZA, SBMA

B.3 Total Approved Investments of Foreign and Filipino Nationals by Region

B.3.1 Fourth Quarter 2020

In the fourth quarter of 2020, Region IVA – CALABARZON would receive the highest investment pledges amounting to PhP 174.3 billion or 64.5 percent. Meanwhile, PhP 39.7 or 14.7 percent of investment was pledged in Region III – Central Luzon. Investments for the National Capital Region (NCR) ranked third amounting to PhP 15.8 billion or 5.9 percent of the country’s total investment pledges (Figure 8A and Part III – Table 9A).

FIGURE 8A Percent Share of the Total Approved Foreign and Filipino Investments by Region: Fourth Quarter 2020

Others V - Bicol Region 9.7% 2.0%

I - Ilocos Region 3.2%

NCR - National Capital Region 5.9%

III - Central Luzon 14.7% IVA - CALABARZON 64.5%

Sources of data: AFAB, BOI, BOI-BARMM, CDC, CEZA, PEZA, SBMA 11 Approved Foreign Investments, Q4 2020

B.3.2 Annual 2020

In 2020, Region III – Central Luzon was set to receive the largest amount of investments from foreign and Filipino nationals. Investment committed for Central Luzon stood at PhP 615.5 billion or 54.1 percent of the total pledges. Projects in Region IVA – CALABARZON would receive PhP 211.2 billion or 18.6 percent of the investments for the period. National Capital Region (NCR) would receive the third largest amount with PhP 165.0 billion or 14.5 percent of total approved investments for the period (Figure 8B and Part III – Table 9B).

FIGURE 8B Percent Share of the Total Approved Foreign and Filipino Investments by Region: 2020 Others VII - Central 8.3% Visayas 1.8% X - Northern Mindanao 2.8%

NCR - National Capital Region 14.5% III - Central Luzon 54.1%

IVA - CALABARZON 18.6%

Details do not add up to 100% due to rounding

Sources of data: AFAB, BOI, BOI-BARMM, CDC, CEZA, PEZA, SBMA

B.4 Projected Employment from Approved Investments of Foreign and Filipino Nationals

B.4.1 Fourth Quarter 2020

Projects of foreign and Filipino investors for the fourth quarter of 2020 were projected to generate 35,414 jobs. This was -36.7 percent lower than the 55,946 projected employment in the same period of the previous year.

Projects registered through BOI posted the largest number of projected employment at 16,949 or 47.9 percent of the total projected employment for the period. PEZA-approved projects were projected to absorb 15,098 potential jobs or 42.6 percent. This was 42.1 percent lower than the 26,070 projected employment in the previous year.

The investments from AFAB, BOI-BARMM, CDC, CEZA and SBMA were projected to jointly generate 3,367 jobs. This represented 9.5 percent of the total projected employment for the period (Figure 9A and Part III – Table 10A).

12 Approved Foreign Investments, Q4 2020

FIGURE 9A Projected Employment for the Fourth Quarter: 2019 and 2020

on Total Approved Investments on Total Approved Investments with foreign interests

55,946

44,082

35,414

24,239

Q4 2019 Q4 2020

Sources of data: AFAB, BOI, BOI-BARMM, CDC, CEZA, PEZA, SBMA

B.4.2 Annual 2020

From January to December of 2020, a total of 140,216 jobs were projected to be generated from approved investments of foreign and Filipino nationals. The total projected jobs were -21.6 percent lower than 178,954 projected jobs in the same period of the previous year.

PEZA-approved projects would supply 72,703 jobs or 51.9 percent of the total projected employment. Meanwhile, BOI-approved projects would generate 55,124 jobs representing 39.3 percent of the total. CDC-approved projects similarly would generate 7,891 jobs or 5.6 percent. Other IPAs would have a combined share of 3.2 percent of the total projected employment (Figure 9B and Part III – Table 10B).

FIGURE 9A Projected Employment: 2019 and 2020

on Total Approved Investments

on Total Approved Investments with foreign interests

178,954

140,216 129,610

99,718

2019 2020

Sources of data: AFAB, BOI, BOI-BARMM, CDC, CEZA, PEZA, SBMA

13 Approved Foreign Investments, Q4 2020

B.5 Projected Employment from Approved Investments of Foreign and Filipino Nationals by Industry

B.5.1 Fourth Quarter 2020

Of all the industries, Real Estate Activities was projected to generate the highest number of employment in the fourth quarter of 2020. The industry was set to absorb 10,736 jobs accounting for 30.3 percent of the total. Projected employment for the said industry increased by 3.2 percent compared with 10,408 projected employment in the same period of the previous year. Administrative Support Service Activities came in second with 10,129 jobs or 28.6 percent of the total projected employment for the quarter. Meanwhile, Manufacturing industry was projected to generate 7,343 jobs. It was -58.4 percent lower than the 17,664 projected employment in the same period in 2019 (Part III – Table 11A).

B.5.2 Annual 2020

In 2020, prospective ventures of foreign and Filipino investors were projected to generate 140,216 jobs. Industries that were projected to generate the largest number of jobs are: Manufacturing at 44,726 or 31.9 percent share; Administrative and Support Activities at 38,241 or 27.3 percent share; and Transportation and Storage at 24,992 or 17.8 percent share. The rest of the industries are projected to provide a total of 32,257 jobs or 23.0 percent share (Part III – Table 11B).

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

C.1 Total Approved FI in ICT

C.1.1 Fourth Quarter 2020

Approved foreign investments in ICT for the fourth quarter of 2020 amounted to PhP 3.2 billion, lower compared with the PhP 91.7 billion recorded in the same period of the previous year. FI in ICT represents 8.7 percent of the foreign investment pledges during the reference period. The majority of investment pledges in ICT were coursed through PEZA with PhP 3.16 billion representing 99.4 percent of the total FI in ICT for the quarter (Part III – Table 13A).

C.1.2 Annual 2020

Potential foreign investments in ICT in 2020 decreased by -92.3 percent to PhP 18.1 billion from previous year’s PhP 235.7 billion. FI in ICT coursed through PEZA amounted to PhP 18.0 billion, substantially higher compared with PhP 16.5 billion in the same period of the previous year.

FI in ICT accounted for 16.2 percent of the total FI registered in 2020 (Part III – Table 13B).

C.2 Total Approved Investments in ICT of Foreign and Filipino Nationals

C.2.1 Fourth Quarter 2020

Pledges in ICT investments made by foreign and Filipino nationals in the fourth quarter of 2020 amounted to PhP 3.23 billion. This was lower compared with PhP 218.6 billion in the same period of the previous year. Foreign nationals were the major source of investment pledges in ICT, committing PhP 3.18 billion or 98.6 percent of the total ICT investments. Meanwhile, Filipino investments accounted for PhP 46.2 million or 1.4 percent of the total ICT investments (Table A and Part III - Table 14A).

14 Approved Foreign Investments, Q4 2020

Table A Total Approved Investments in ICT by Foreign and Filipino Nationals Fourth Quarter, 2019 and 2020 (in million PhP)

Percent to Growth Rate (%) Nationality Q4 2019 Q4 2020 Total Q4 2019 - Q4 2020 Q4 2020

Foreign 91,730.5 3,181.9 98.6 -96.50 Filipino 126,878.4 46.2 1.4 -99.90

Total 218,608.9 3,228.1 100.0 -98.52

Sources of data: AFAB, BOI, BOI-ARMM, CDC, CEZA, PEZA, SBMA

C.2.2 Annual 2020

Total ICT investments made by foreign and Filipino nationals in 2020 reached PhP 18.9 billion. This was lower compared with PhP 537.9 billion pledges in 2019. Potential investments in ICT by foreign investors amounted to PhP 18.1 billion, accounting for 96.0 percent of the total approved projects in ICT. Meanwhile, Filipino investments amounted to PhP 758.8 million or 4.0 percent of the total ICT investments. (Part III – Table 14B).

C.3 Total Approved Investments in ICT of Foreign and Filipino Nationals by ICT Sub- industry

C.3.1 Fourth Quarter 2020

For the fourth quarter of 2020, the IT Services sub-industry would receive the highest investment intentions in ICT by foreign and Filipino nationals. Investments intended for IT Services amounted to PhP 3.1 billion or 97.6 percent of the total ICT projects. Information and Communication accounted for PhP 78.7 million or 2.4 percent of the total ICT projects. (Part III – Table 14A).

C.3.2 Annual 2020

Of the total PhP 18.9 billion investments committed by foreign and Filipino investors to fund projects in ICT for the full year of 2020, PhP 18.3 billion or 97.1 percent would finance projects in the IT Services sub-industry. Information and Communication accounted for PhP 534.3 million, while investments in Trade sub-industry amounted to PhP 20.1 million (Part III – Table 14B).

C.4 Projected Employment from Approved Investments in ICT of Foreign and Filipino Nationals by ICT Sub-industry

C.4.1 Fourth Quarter 2020

Approved investments of foreign and Filipino nationals in ICT were projected to create 9,938 jobs in the fourth quarter of 2020. This was lower by -56.3 percent compared with 22,762 projected employment in the fourth quarter of 2019. IT Services was projected to supply 9,404 jobs or 94.6 percent of total employment in ICT, while 534 jobs were seen to be generated from Information and Communication. (Table B and Part III – Table 15A).

15 Approved Foreign Investments, Q4 2020

Table B Projected Employment from Approved Investments of Foreign and Filipino Nationals in ICT by ICT Sub-industry Fourth Quarter, 2019 and 2020

Projected Employment in ICT Growth Rate (%) Percent to Total ICT Sub-industry Q4 2019 - Q4 2019 Q4 2020 Q4 2020 Q4 2020

Information and 4,694 534 5.4 -88.62 communication IT Services 18,068 9,404 94.6 -47.95 Manufacturing - - - - Trade - - - - Total 22,762 9,938 100.0 -56.34

Sources of data: AFAB, BOI, BOI-BARMM, CDC, CEZA, PEZA, SBMA

C.4.2 Annual 2020

Projected employment from ICT projects in 2020 was 38,812 jobs, -51.2 percent lower than 79,572 projected jobs in the previous year. IT Services was projected to absorb 37,056 jobs or 95.5 percent of the total employment in ICT, while Information and Communication to provide 1,710 jobs or 4.4 percent share (Part III – Table 15B).

16

Part II Technical Notes

Approved Foreign Investments, Q4 2020

TECHNICAL NOTES

Approved Foreign Investments

I. The Introduction

The Foreign Investments Information System (FIIS) was started in 1991 as a project1 to develop an integrated approach for generating and reporting foreign direct investments (FDI) in the Philippines.

Starting with the Third Quarter 2012 Report, foreign investments approved and registered by the investment promotion agencies (IPAs) is termed “approved foreign investments”, replacing the term “approved foreign direct investments” used in the previous reports. This is to distinguish clearly, the approved foreign investments which are only commitments and pledges from the Foreign Direct Investments (FDI), which are actual investments being released in the Balance of Payments (BOP) by the Bangko Sentral ng Pilipinas (BSP).

The Philippine Statistics Authority (PSA) is the agency tasked to compile the statistics on Foreign Investments (FI). This started in 2014 as stipulated under Republic Act No. 10625 or the Philippine Statistical Act of 2013.

Sources:

(1) Organisation for Economic Co-Operation and Development. (2001). Measuring Productivity. Measurement of Aggregate and Industry-Level Productivity Growth.

(2) Organisation for Economic Co-Operation and Development. (2008). Benchmark Definition of Foreign Direct Investment.

(3) International Monetary Fund. (2009). Balance of Payment and International Investment Position Manual Sixth Edition (BPM6).

II. The Foreign Investments Information System

II.1. Statistics on Foreign Investments (FIs)

Statistics on FDIs are being reported/generated by a number of agencies that carry out functions relating to management and monitoring of and/or promotion for attracting foreign investments in the country, which has often resulted in inconsistent data generation and interpretation because of differences in concepts, definitions and reporting periods adopted by the concerned agencies.

With the objective of resolving this problem and other issues in the generation and reporting of foreign investment statistics, the National Statistical Coordination Board

1Initial funding came from cooperating agencies, i.e., NSCB, BOI, BSP, SEC and BTRCP. USAID funded the project starting in 1993.

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Approved Foreign Investments, Q4 2020

(NSCB) created an ad hoc Inter-Agency Group (IAG) in 1991 to conduct a study for the implementation of the FIIS.

The IAG published its First Report of the FIIS Study in July 1996 based on available annual administrative data for 1991 and 1992. The report also recommended a system that will operationalize the concepts and methodologies for developing and compiling foreign direct investment statistics in the Philippines context. The report featured the results of the 1991-1992 estimates of stock of FDI, and the concepts, methodology, data system and institutional support needed to implement the FIIS. Based on the recommendation in the FIIS Study, the NSCB created the Inter-Agency Committee on Foreign Direct Investments Statistics (IAC-FDIS) in September 1996 through NSCB Memorandum Order No. 1-96 to rationalize and integrate foreign investments data in all aspects including collection, processing and dissemination. The IAC-FDIS was composed of:

National Statistical Coordination Board Chair Board of Investments (BOI) Co-Chair Bangko Sentral ng Pilipinas (BSP) Member Bureau of Trade Regulation & Consumer Protection (BTRCP) Member Clark Development Corporation (CDC) Member National Economic and Development Authority (NEDA) Member National Statistics Office (NSO). Member Philippine Economic Zone Authority (PEZA) Member Securities and Exchange Commission (SEC) Member Subic Bay Metropolitan Authority (SBMA) Member

The member agencies of the IAC-FDIS jointly implement the institutionalization of the FIIS. The IAC-FDIS implemented the second component of the FIIS, the Consolidated Quarterly Reporting System (CQRS), which has been producing the quarterly Reports on Foreign Direct Investments in the Philippines since 1997. The CQRS operationalizes the integration and uniform reporting of quarterly data on foreign investment reported by the various concerned agencies.

The other two components of the FIIS are the Registry of Firms on Foreign Investments and the Annual Reporting System. These three components will later be integrated to complete the FIIS.

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Approved Foreign Investments, Q4 2020

Consolidated Quarterly Reporting System

Quarterly Foreign Direct Investments

BSP

NSCB Foreign SEC Investment Statistics

BTRC P

BOI PEZA CDC SBMA AFAB BOI-

Foreign Investment Statistics

II.2. Data and Data Sources

Schedule of Data Data Source Agency Availability 1. Approved Foreign Investment Promotion 1 month before the Investments Agencies: schedule release of 2. Projected employment - Board of Investments the report (BOI) - Clark Development Corporation (CDC) - Philippine Economic Zone Authority (PEZA) - Subic Bay Metropolitan Authority (SBMA) - Authority of the Freeport Area of Bataan (AFAB) - BOI-Bangsamoro Autonomous Region in Muslim Mindanao (BOI-BARMM) - Cagayan Economic Zone Authority (CEZA)

III. Methodology

1. The PSA as the agency that coordinates all statistical matters in government has been tasked by the Interagency Committee on Investment Statistics (IACIS) with the preparation of the CQRS. The CQRS covers actual and approved foreign direct

20

Approved Foreign Investments, Q4 2020 investments.

2. The IPAs generate data on foreign investments monthly. These agencies show “project cost” in reflecting approved or committed investments. For purposes of the CQRS, the term approved investments is adopted. Not all of approved investments will materialize during the period. There is a gestation period between approval and actual investments.

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

4. Total balance of payments foreign direct investments are obtained from BOP tables compiled monthly by the BSP. The BOP provides the data framework on all external transactions of the national economy, in which FDI is one item. 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 quarterly basis.

5. The Securities and Exchange Commission (SEC) and the Bureau of Trade Regulation and Consumer Protection (BTRCP) of the Department of Trade and Industry (DTI) also report monthly foreign capital investments. SEC comes up with data on investments and number of non-Foreign Investments Act (FIA) registered FDI corporations (foreign ownership is less than 40 percent) and FIA-registered corporations (40 percent and over foreign ownership), by country of investor and by industry. In SEC, foreign investments refer to the foreign equity (paid-up) capital of the non-FIA and FIA registered corporations. It should be noted, however, that registration with SEC and BTRCP does not translate into actual flows as captured by the BOP of BSP.

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

7. The International Operations Department (IOD) of the BSP registers foreign direct investments in cash or in kind in any enterprise organized or existing under the laws of the Philippines. Registration of foreign investments with BSP is not mandatory but it gives foreign investors the authority to source foreign exchange from the local banking system to service capital repatriation and cash dividends/profits and other earnings accruing to BSP-registered investments. As there is currently no mandatory period within which to register these investments, there is a time lag between the registration with the BSP 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 a year or longer.

8. Total approved investments include all Filipino and foreign investments which has been granted approval by the promotion agencies, i.e., BOI, PEZA, CDC, SBMA, AFAB, BOI-BARMM, and CEZA.

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

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Approved Foreign Investments, Q4 2020

IV. Concepts and Definition of Terms

1. One of the objectives of the Foreign Investments Information System (FIIS) is to develop a system that is comparable internationally. As such, the Philippine FIIS is adopting the International Monetary Fund (IMF) concept of Foreign Direct Investments as described in the Fifth Edition of the Balance of Payments (BOP) Manual, in all of its components, i.e., the Register, the Annual FDI Reporting System and the Consolidated Quarterly Reporting System (CQRS).

2. Foreign Direct Investments (FDI) as defined in the BOP Manual, are investments made to acquire a lasting interest by a resident entity in one economy in an enterprise resident in another economy. The purpose of the investor is to have a significant influence, an effective voice in the management of the enterprise. To operationalize this definition, the FIIS followed the benchmark definition of the Organization for Economic Cooperation and Development (OECD) which considers as direct investment enterprise an incorporated or unincorporated enterprise in which a direct investor who is resident in another economy owns ten percent or more of the ordinary shares or voting power (for incorporated enterprise) or the equivalent (for an unincorporated enterprise). The ten percent cut-off in equity is used to distinguish between direct and portfolio investments, which is not covered by the FIIS at present.

3. Since the Philippines is more of a recipient of foreign investments, the FIIS covers only inward foreign direct investments. Specifically, this includes Foreign Direct Investments in Philippine corporations, partnerships and single proprietorships.

4. Foreign Direct Investment Flows refer to the new or additional investments paid by a foreign entity to a resident enterprise in another country during the period. In the case of the Philippines, this covers: capital or equity contributions/remittances from abroad, reinvested earnings, technical fees and royalties converted to equity, bonds and other debts converted to equity and imports converted to equity. Specifically, the CQRS will report on approved FDI flows, registered FDI flows and the balance of payments (BOP) FDI flows.

5. Approved Foreign Investments represent the amount of proposed contribution or share of foreigners to various projects in the country as approved and registered by the Board of Investments (BOI), Philippine Economic Zone Authority (PEZA), Subic Bay Metropolitan Authority (SBMA), Clark Development Corporation (CDC), Authority of the Freeport Area of Bataan (AFAB), the BOI-Bangsamoro Autonomous Region in Muslim Mindanao (BOI-BARMM), and Cagayan Economic Zone Authority (CEZA). Approved foreign investments do not represent actual investments generated but rather foreign investment commitments which may come in the near future. This consists of equity, loans, and reinvested earnings. In the operationalization of computing for approved FIs as approved and registered with the Investment Promotion Agencies (IPAs), all FIs including those with less than ten percent of the ordinary shares are included. The reason is that approved FIs as rendered by the IPAs have long lasting interest unlike portfolio investments.

6. Approved FIs in the Information and Communication Technology Sector

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Approved Foreign Investments, Q4 2020

(ICT) includes investment commitments in the manufacturing of ICT equipment, spare parts and accessories including professional, medical and scientific instruments as well as ICT services e.g., wholesale trade of computers, electronic parts and equipment; telecommunications; renting of computers and other office equipment; computer services and other related activities.

7. Registered FDIs only represent foreign equity investments or paid up capital and does not include intercompany loans. Hence, not all approved FDIs are translated into registered FDIs since the former consist of intercompany loans and reinvested earnings. In addition, capital inflows from approved FDIs are spread or expected to be fully implemented after five years or more, based on the experience of investment promotion agencies.

On the other hand, the BOP FDIs cover cash and non-cash transactions on foreign direct investment flows that are coursed through the banking system. Machinery, equipment and reinvested earnings, which are not cash transactions are included if data are available.

V. Dissemination of Results

The Approved Foreign Investments is released quarterly in the PSA website with the following schedules.

Foreign Investments Report Schedule of Release Quarter 4 of the Previous Year February of the Current Year Quarter 1 of the Current Year June of the Current Year Quarter 2 of the Current Year September of the Current Year Quarter 3 of the Current Year December of the Current Year

The web release materials include press release, statistical tables, infographics, publication report and social cards.

VI. Citation

Philippine Statistics Authority. (2020). Technical Notes on Approved Foreign Investments. https://psa.gov.ph/technical-notes/afi

VII. Contact Information Mr. Gerald Junne L. Clariño Chief Statistical Specialist Satellite Accounts Division (02) 8374-1954 [email protected]

For data request, you may contact: Knowledge Management and Communications Division (02) 8462-6600 loc. 820 [email protected] | [email protected]

23

Part III Statistical Tables

Symbols Used

Symbols Meaning

r Revised

- Zero

** Growth rates > 1,000

Approved Foreign Investments, Q4 2020

TABLE 1A Total Approved Foreign Investments by Investment Promotion Agency First Quarter 1996 to Fourth Quarter 2006 (in million pesos)

Year Quarter AFAB BOI BOI-BARMM CDC CEZA PEZA SBMA Total Q1 - 13,160.0 - 270.0 - 6,900.0 1,990.0 22,320.0 Q2 - 25,130.0 - 2,460.0 - 3,090.0 530.0 31,210.0 1996 Q3 - 5,270.0 - 250.0 - 3,410.0 3,790.0 12,720.0 Q4 - 29,590.0 - 170.0 - 2,290.0 3,140.0 35,190.0 Total - 73,150.0 - 3,150.0 - 15,690.0 9,450.0 101,440.0 Q1 - 35,110.0 - 500.0 - 5,280.0 340.0 41,230.0 Q2 - 18,780.0 - - - 10,580.0 370.0 29,730.0 1997 Q3 - 112,050.0 - 390.0 - 8,230.0 30.0 120,700.0 Q4 - 18,510.0 - 50.0 - 28,420.0 2,420.0 49,400.0 Total - 184,450.0 - 940.0 - 52,510.0 3,160.0 241,060.0 Q1 - 62,400.0 - 100.0 - 16,100.0 200.0 78,800.0 Q2 - 19,900.0 - 300.0 - 20,700.0 3,000.0 43,900.0 1998 Q3 - 4,800.0 - 100.0 - 1,700.0 - 6,600.0 Q4 - 32,400.0 - - - 6,900.0 200.0 39,500.0 Total - 119,500.0 - 500.0 - 45,400.0 3,400.0 168,800.0 Q1 - 12,800.0 - 300.0 - 2,900.0 2,300.0 18,300.0 Q2 - 49,900.0 - 100.0 - 10,600.0 400.0 61,000.0 1999 Q3 - 1,600.0 - 700.0 - 5,600.0 - 7,900.0 Q4 - 6,300.0 - - - 12,900.0 100.0 19,300.0 Total - 70,600.0 - 1,100.0 - 32,000.0 2,800.0 106,500.0 Q1 - 2,600.0 - 300.0 - 6,300.0 900.0 10,100.0 Q2 - 1,800.0 - 800.0 - 18,600.0 700.0 21,900.0 2000 Q3 - 6,700.0 - 500.0 - 28,400.0 100.0 35,700.0 Q4 - 4,500.0 - 100.0 - 7,800.0 200.0 12,600.0 Total - 15,600.0 - 1,700.0 - 61,100.0 1,900.0 80,300.0 Q1 - 1,100.0 - 120.0 - 13,000.0 30.0 14,250.0 Q2 - 4,800.0 - 20.0 - 2,100.0 5.2 6,925.2 2001 Q3 - 17,600.0 - 130.0 - 7,000.0 200.0 24,930.0 Q4 - 5,500.0 - 0.1 - 6,300.0 70.0 11,870.1 Total - 29,000.0 - 270.1 - 28,400.0 305.2 57,975.3 Q1 - 2,100.0 - 64.0 - 2,800.0 63.0 5,027.0 Q2 - 2,400.0 - 13,600.0 - 10,100.0 211.0 26,311.0 2002 Q3 - 610.0 - 0.5 - 4,000.0 122.0 4,732.5 Q4 - 3,700.0 - 50.0 - 5,920.0 350.0 10,020.0 Total - 8,810.0 - 13,714.5 - 22,820.0 746.0 46,090.5 Q1 - 2,654.5 - 10.5 - 3,468.7 179.0 6,312.6 Q2 - 723.4 - 354.0 - 5,917.8 57.6 7,052.8 2003 Q3 - 1,993.0 - 9.2 - 4,394.2 99.8 6,496.2 Q4 - 2,977.6 - - - 11,142.1 29.0 14,148.7 Total - 8,348.5 - 373.8 - 24,922.8 365.3 34,010.3 Q1 - 97,280.0 - 379.9 - 20,876.4 17.2 118,553.5 Q2 - 401.0 - 1,581.3 - 4,762.1 1,254.5 7,998.9 2004 Q3 - 4,237.6 - 79.4 - 2,649.4 261.1 7,227.4 Q4 - 25,970.3 - 114.1 - 13,248.9 782.0 40,115.3 Total - 127,888.9 - 2,154.6 - 41,536.8 2,314.8 173,895.2 Q1 - 19,115.1 - 31.6 - 11,991.2 367.3 31,505.2 Q2 - 5,793.0 - 95.4 - 5,857.1 1.5 11,746.9 2005 Q3 - 6,064.5 - 54.8 - 9,717.8 366.1 16,203.3 Q4 - 12,824.3 - 1,147.2 - 22,276.1 103.7 36,351.3 Total - 43,796.9 - 1,329.0 - 49,842.2 838.7 95,806.8 Q1 - 2,413.5 - 901.2 - 8,829.7 51,385.8 63,530.1 Q2 - 24,033.6 - 3,360.3 - 8,575.8 16,718.0 52,687.7 2006 Q3 - 6,813.8 - 3,543.1 - 21,661.8 312.3 32,331.0 Q4 - 3,296.1 - 278.6 - 13,270.7 485.6 17,331.0 Total - 36,557.0 - 8,083.1 - 52,338.0 68,901.7 165,879.8 Dash (-) is equivalent to zero Note: Details may not add up to totals due to rounding. Sources: Authority of the Freeport Area of Bataan (AFAB), Board of Investments (BOI), BOI-Bangsamoro Autonomous Region in Muslim Mindanao (BOI-BARMM), Clark Development Corporation (CDC), Cagayan Economic Zone Authority (CEZA), Philippine Economic Zone Authority (PEZA), and Subic Bay Metropolitan Authority (SBMA).

26 Approved Foreign Investments, Q4 2020

TABLE 1A Total Approved Foreign Investments by Investment Promotion Agency First Quarter 2007 to Fourth Quarter 2017 (in million pesos)

Year Quarter AFAB BOI BOI-BARMM CDC CEZA PEZA SBMA Total Q1 - 1,081.7 - 22.2 - 16,458.8 278.2 17,840.9 Q2 - 17,726.7 - 123.4 - 29,566.9 11,279.8 58,696.8 2007 Q3 - 4,809.7 - 314.7 - 27,545.0 2,265.1 34,934.5 Q4 - 78,663.6 - 1,002.0 - 13,804.9 9,139.9 102,610.4 Total - 102,281.7 - 1,462.4 - 87,375.6 22,963.1 214,082.7 Q1 - 328.6 - 183.9 - 19,454.6 782.7 20,749.8 Q2 - 52,297.7 - 1,762.7 - 11,845.7 7,965.1 73,871.1 2008 Q3 - 40,111.1 - 7,096.4 - 18,920.2 546.5 66,674.2 Q4 - 814.2 - 200.1 - 20,134.6 237.0 21,385.8 Total - 93,551.6 - 9,243.0 - 70,355.1 9,531.2 182,680.9 Q1 - 434.4 - 62.6 - 3,419.8 42.4 3,959.1 Q2 - 2,164.4 - 2,446.7 - 12,678.6 2,659.3 19,949.0 2009 Q3 - 144.0 - 1,722.7 - 8,064.6 437.7 10,369.0 Q4 - 7,654.3 - 303.5 - 79,258.4 322.8 87,538.9 Total - 10,396.9 - 4,535.5 - 103,421.3 3,462.2 121,815.9 Q1 - 1,459.8 - 23,121.6 - 21,161.3 949.5 46,692.2 Q2 - 2,030.9 - 898.7 - 6,643.8 4,199.7 13,773.1 2010 Q3 - 9,095.4 - 173.1 - 9,613.6 85.0 18,967.1 Q4 - 9,742.5 - 2,056.4 - 104,748.6 83.5 116,631.0 Total - 22,328.5 - 26,249.8 - 142,167.4 5,317.7 196,063.5 Q1 - 2,435.0 - 1,851.8 11.4 17,674.9 60.2 22,033.4 Q2 - 8,806.5 - 14,602.1 - 16,770.5 101.0 40,280.0 2011 Q3 - 10,662.4 - 2,149.0 13.2 14,510.6 664.6 27,999.8 Q4 86.0 1,331.0 - 203.0 208.9 146,578.2 19,511.1 167,918.1 Total 86.0 23,234.9 - 18,805.9 233.5 195,534.1 20,336.9 258,231.2 Q1 153.3 3,733.4 - 1,604.5 82.6 12,787.1 144.1 18,505.0 Q2 12.6 6,688.8 - 532.6 15.7 15,284.6 128.9 22,663.2 2012 Q3 - 7,441.0 426.8 36.2 10.5 10,083.7 162.5 18,160.7 Q4 224.8 56,201.6 - 2,331.1 20.2 171,221.0 216.7 230,215.4 Total 390.6 74,064.8 426.8 4,504.4 128.9 209,376.5 652.3 289,544.3 Q1 - 17,164.3 - 50.4 86.2 32,869.5 134.7 50,305.2 Q2 - 45,641.4 - 749.2 28.7 12,370.3 39.4 58,829.0 2013 Q3 108.7 3,879.8 - 159.7 46.1 28,346.5 379.3 32,920.0 Q4 2,012.0 53,960.7 322.0 1,026.7 438.8 74,084.5 114.6 131,959.3 Total 2,120.7 120,646.3 322.0 1,986.0 599.8 147,670.8 668.0 274,013.5 Q1 - 4,686.4 36.9 358.6 36.7 20,976.4 11,318.4 37,413.4 Q2 74.6 6,776.1 314.7 7,582.1 14.4 21,080.9 187.6 36,030.5 2014 Q3 155.6 1,933.4 228.0 596.9 82.0 15,210.1 124.5 18,330.5 Q4 175.8 23,492.4 - 449.7 208.7 70,212.2 646.8 95,185.6 Total 406.0 36,888.4 579.6 8,987.3 341.9 127,479.7 12,277.2 186,960.0 Q1 97.8 2,378.3 - 4,636.4 88.6 14,423.0 191.9 21,816.1 Q2 5.0 10,908.3 - 720.4 345.2 23,961.0 270.8 36,210.7 2015 Q3 196.3 28,509.9 3,218.7 2,265.0 92.1 13,894.3 394.6 48,570.9 Q4 160.5 17,710.5 - 2,080.0 69.9 116,647.0 1,950.2 138,618.1 Total 459.6 59,507.0 3,218.7 9,701.8 595.7 168,925.3 2,807.5 245,215.7 Q1 76.4 8,448.1 1,040.0 492.9 23.4 15,813.9 348.2 26,242.8 Q2 78.0 21,447.0 - 741.2 80.0 14,139.4 3,905.2 40,390.7 2016 Q3 7.0 19,698.4 - 79.4 22.4 6,373.6 530.0 26,710.8 Q4 - 39,802.4 0.1 982.2 16.0 84,888.9 4.7 125,694.3 Total 161.4 89,395.9 1,040.1 2,295.6 141.7 121,215.8 4,788.1 219,038.6 Q1 - 1,895.7 - 845.7 54.1 19,772.5 315.3 22,883.3 Q2 279.2 3,576.8 4.7 441.0 21.1 13,780.0 62.4 18,165.3 2017 Q3 142.2 7,014.0 720.0 1,063.9 5.0 34,052.2 51.1 43,048.3 Q4 9.0 9,250.0 - 1,568.1 2.4 10,673.6 145.4 21,648.6 Total 430.4 21,736.5 724.7 3,918.7 82.5 78,278.3 574.3 105,745.5 Dash (-) is equivalent to zero Note: Details may not add up to totals due to rounding. Sources: Authority of the Freeport Area of Bataan (AFAB), Board of Investments (BOI), BOI-Bangsamoro Autonomous Region in Muslim Mindanao (BOI-BARMM), Clark Development Corporation (CDC), Cagayan Economic Zone Authority (CEZA), Philippine Economic Zone Authority (PEZA), and Subic Bay Metropolitan Authority (SBMA).

27 Approved Foreign Investments, Q4 2020

TABLE 1A Total Approved Foreign Investments by Investment Promotion Agency First Quarter 2018 to Fourth Quarter 2020 (in million pesos)

Year Quarter AFAB BOI BOI-BARMM CDC CEZA PEZA SBMA Total Q1 - 792.8 - 339.8 104.1 12,960.1 11.5 14,208.4 Q2 - 13,697.6 - 2,005.8 174.5 14,410.1 657.6 30,945.6 2018 Q3 82.3 19,149.2 235.1 329.0 272.4 22,454.4 117.5 42,639.9 Q4 1,590.7 70,327.7 - 4,473.7 647.3 18,496.8 17.3 95,553.4 Total 1,673.0 103,967.2 235.1 7,148.4 1,198.3 68,321.4 803.9 183,347.4 Q1 174.3 30,817.5 - 381.0 79.8 12,969.1 1,563.0 45,984.7 Q2 15.1 38,053.8 - 478.4 142.6 10,516.2 369.3 49,575.4 2019 Q3 150.8 170,982.7 306.8 152.9 72.3 10,294.1 476.3 182,436.0 Q4 0.0 95,886.7 0.0 244.8 45.8 15,475.8 460.8 112,114.0 Total 340.2 335,740.7 306.9 1,257.1 340.6 49,255.3 2,869.3 390,110.1 Q1 0.9 13,363.2 - 2,253.1 1,099.6 12,315.8 110.5 29,143.2 Q2 0.0 5,258.0 - 13.6 57.5 10,105.7 25.8 15,460.7 2020 Q3 1.2 10,630.7 - 13.5 50.0 20,276.5 60.5 31,032.5 Q4 393.0 18,478.8 3.0 292.7 53.6 17,031.3 234.2 36,486.6 Total 395.1 47,730.7 3.0 2,573.0 1,260.7 59,729.4 431.0 112,122.9 Dash (-) is equivalent to zero Note: Details may not add up to totals due to rounding. Sources: Authority of the Freeport Area of Bataan (AFAB), Board of Investments (BOI), BOI-Bangsamoro Autonomous Region in Muslim Mindanao (BOI-BARMM), Clark Development Corporation (CDC), Cagayan Economic Zone Authority (CEZA), Philippine Economic Zone Authority (PEZA), and Subic Bay Metropolitan Authority (SBMA).

28 Approved Foreign Investments, Q4 2020

TABLE 1B Total Approved Foreign Investments by Investment Promotion Agency: First Quarter 2019 to Fourth Quarter 2020 (in million pesos)

Approved FI Percent to Growth Rate (%) Agency 2019 2020 Total Q4 2019 - Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total Q4 2020 Q4 2020

AFAB 174.3 15.1 150.8 0.0 340.2 0.9 0.0 1.2 393.0 395.1 1.1 ** BOI 30,817.5 38,053.8 170,982.7 95,886.7 335,740.7 13,363.2 5,258.0 10,630.7 18,478.8 47,730.7 50.6 (80.7) BOI BARMM - - 306.8 0.0 306.9 - - - 3.0 3.0 0.0 ** CDC 381.0 478.4 152.9 244.8 1,257.1 2,253.1 13.6 13.5 292.7 2,573.0 0.8 19.6 CEZA 79.8 142.6 72.3 45.8 340.6 1,099.6 57.5 50.0 53.6 1,260.7 0.1 16.9 PEZA 12,969.1 10,516.2 10,294.1 15,475.8 49,255.3 12,315.8 10,105.7 20,276.5 17,031.3 59,729.4 46.7 10.1 SBMA 1,563.0 369.3 476.3 460.8 2,869.3 110.5 25.8 60.5 234.2 431.0 0.6 (49.2) Total 45,984.7 49,575.4 182,436.0 112,114.0 390,110.1 29,143.2 15,460.7 31,032.5 36,486.6 112,122.9 100.0 (67.5) '**Growth rates greater than 1,000 Dash (-) is equivalent to zero

TABLE 1C Total Approved Foreign Investments by Investment Promotion Agency: 2019 and 2020 (in million pesos)

Approved FI Percent to Growth Rate (%) Agency Total 2020 2019 - 2020 2019 2020

AFAB 340.2 395.1 0.4 16.1 BOI 335,740.7 47,730.7 42.6 (85.8) BOI BARMM 306.9 3.0 0.0 (99.0) CDC 1,257.1 2,573.0 2.3 104.7 CEZA 340.6 1,260.7 1.1 270.1 PEZA 49,255.3 59,729.4 53.3 21.3 SBMA 2,869.3 431.0 0.4 (85.0) Total 390,110.1 112,122.9 100.0 (71.3) Dash (-) is equivalent to zero

Note: Details may not add up to totals due to rounding. Sources: Authority of the Freeport Area of Bataan (AFAB), Board of Investments (BOI), BOI-Bangsamoro Autonomous Region in Muslim Mindanao (BOI-BARMM), Clark Development Corporation (CDC), Cagayan Economic Zone Authority (CEZA), Philippine Economic Zone Authority (PEZA), and Subic Bay Metropolitan Authority (SBMA).

29 Approved Foreign Investments, Q4 2020

TABLE 2A Total Approved Foreign Investments by Country of Investor: First Quarter 2019 to Fourth Quarter 2020 (in million pesos)

Approved FI Percent Growth Rate (%) to Country 2019 2020 Q4 2019 - Total Q4 2020 Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total Q4 2020

Australia 84.0 836.8 223.5 297.0 1,441.3 186.9 133.6 164.3 85.3 570.1 0.2 (71.3) British Virgin Islands 254.4 359.0 175.3 10.8 799.4 110.1 - 249.2 - 359.3 - (100.0) Canada 24.0 285.4 124.1 180.5 614.1 205.0 - 8.6 29.2 242.8 0.1 (83.8) Cayman Islands 116.2 - - - 116.2 428.5 - - - 428.5 - - China (PROC) 714.0 405.4 1,244.1 86,311.1 88,674.5 5,042.0 69.7 9,582.6 902.0 15,596.2 2.5 (99.0) Denmark - 0.0 4.5 - 4.5 ------France 76.1 312.2 863.7 930.7 2,182.7 1,513.8 3.9 3.7 148.4 1,669.8 0.4 (84.1) Germany 435.4 333.3 955.0 1,160.2 2,883.9 118.7 - 617.2 27.5 763.4 0.1 (97.6) Hongkong 385.1 290.4 29.4 354.4 1,059.3 1.0 69.4 19.8 210.3 300.5 0.6 (40.7) India 543.5 253.5 0.1 118.5 915.6 324.9 3.9 0.0 690.6 1,019.3 1.9 482.5 Japan 9,428.8 4,041.8 3,859.5 2,555.5 19,885.7 1,274.3 514.4 3,306.7 4,280.7 9,376.1 11.7 67.5 South Korea 426.2 741.8 34,348.6 5,962.9 41,479.4 2,131.3 150.7 5.4 1,871.0 4,158.3 5.1 (68.6) Malaysia 179.0 10.4 235.2 38.2 462.8 635.3 0.0 0.0 2.5 637.8 0.0 (93.6) Netherlands 10,096.9 1,300.7 1,500.9 1,495.8 14,394.3 1,950.6 1,853.4 556.7 2,441.0 6,801.6 6.7 63.2 Singapore 3,123.7 36,177.2 135,025.4 2,035.9 176,362.3 1,878.2 1,092.8 2,743.9 4,277.9 9,992.8 11.7 110.1 Switzerland - 30.3 - - 30.3 - - - 28.6 28.6 0.1 - Taiwan 1,288.1 657.6 467.2 400.9 2,813.9 1,149.6 341.4 518.5 4,396.8 6,406.3 12.1 996.6 Thailand 8,472.8 0.0 289.8 274.1 9,036.7 100.0 0.0 - 14.6 114.6 0.0 (94.7) UK 283.3 495.4 366.7 1,500.9 2,646.3 6,145.8 2,033.4 4,759.8 137.2 13,076.2 0.4 (90.9) USA 4,681.3 1,380.7 780.6 6,641.2 13,483.8 5,742.0 9,079.1 7,154.9 13,396.4 35,372.4 36.7 101.7 Others 5,372.1 1,663.6 1,942.3 1,845.0 10,823.0 205.2 115.1 1,341.1 3,546.9 5,208.4 9.7 92.2 Total 45,984.7 49,575.4 182,436.0 112,114.0 390,110.1 29,143.2 15,460.7 31,032.5 36,486.6 112,122.9 100.0 (67.5) Dash (-) is equivalent to zero

TABLE 2B Total Approved Investments by Country of Investor: 2019 and 2020 (in million pesos)

Approved FI Percent to Growth Rate (%) Country Total 2020 2019 - 2020 2019 2020

Australia 1,441.3 570.1 0.5 (60.4) British Virgin Islands 799.4 359.3 0.3 (55.1) Canada 614.1 242.8 0.2 (60.5) Cayman Islands 116.2 428.5 0.4 268.8 China (PROC) 88,674.5 15,596.2 13.9 (82.4) Denmark 4.5 - - (100.0) France 2,182.7 1,669.8 1.5 (23.5) Germany 2,883.9 763.4 0.7 (73.5) Hongkong 1,059.3 300.5 0.3 (71.6) India 915.6 1,019.3 0.9 11.3 Japan 19,885.7 9,376.1 8.4 (52.9) South Korea 41,479.4 4,158.3 3.7 (90.0) Malaysia 462.8 637.8 0.6 37.8 Netherlands 14,394.3 6,801.6 6.1 (52.7) Singapore 176,362.3 9,992.8 8.9 (94.3) Switzerland 30.3 28.6 0.0 (5.7) Taiwan 2,813.9 6,406.3 5.7 127.7 Thailand 9,036.7 114.6 0.1 (98.7) UK 2,646.3 13,076.2 11.7 394.1 USA 13,483.8 35,372.4 31.5 162.3 Others 10,823.0 5,211.4 4.6 (51.8) Total 390,110.1 112,122.9 100.0 (71.3) Dash (-) is equivalent to zero

Note: Details may not add up to totals due to rounding. Sources: Authority of the Freeport Area of Bataan (AFAB), Board of Investments (BOI), BOI-Bangsamoro Autonomous Region in Muslim Mindanao (BOI-BARMM), Clark Development Corporation (CDC), Cagayan Economic Zone Authority (CEZA), Philippine Economic Zone Authority (PEZA), and Subic Bay Metropolitan Authority (SBMA).

30 Approved Foreign Investments, Q4 2020

TABLE 3A Total Approved Foreign Investments by Industry: First Quarter 2019 to Fourth Quarter 2020 (in million pesos)

Approved FI Percent to Growth Rate (%) Industrya/ 2019 2020 Total Q4 2019 - Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total Q4 2020 Q4 2020

A. Agriculture, Forestry and Fishing - - 409.6 - 409.6 63.0 74.0 - 136.9 - - B. Mining and Quarrying - - - 583.0 63.2 646.2 0.2 - C. Manufacturing 34,827.2 6,137.0 7,061.0 13,752.7 61,777.9 9,949.7 1,730.5 15,546.3 10,370.0 37,596.5 28.4 (24.6) D. Electricity, Gas, 977.0 35,694.0 35,010.6 955.9 72,637.5 4.2 - 1,084.0 1,268.6 2,356.7 3.5 32.7 Steam and Air Conditioning Supply E. Water Supply; Sewerage, Waste Management and Remediation 126.2 11.0 - 8.8 146.0 ------(100.0) Activities F. Construction 0.4 0.1 0.2 1.3 1.9 157.5 - - 54.4 211.9 0.1 ** G. Wholesale and Retail Trade; Repair of Motor Vehicles and 632.9 572.9 524.2 1,059.8 2,789.6 666.2 1,242.0 20.1 310.7 2,239.1 0.9 (70.7) Motorcycles H. Transportation and Storage 19.2 893.8 623.9 2,327.2 3,864.1 10,926.0 3,915.6 8,633.3 13,994.0 37,469.0 38.4 501.3 I. Accommodation and Food 2,931.0 154.4 210.7 - 3,296.1 2,080.5 - 28.0 68.6 2,177.1 0.2 - Service Activities J. Information and Communication 467.9 120.0 134,505.2 84,240.6 219,333.7 85.1 139.7 155.5 65.0 445.4 0.2 (99.9) K. Financial and Insurance 19.0 46.0 55.1 54.5 174.6 27.0 19.3 25.0 15.5 86.8 0.0 (71.6) Activities L. Real Estate Activities 2,346.8 2,796.5 1,390.1 1,912.1 8,445.5 2,160.7 77.7 1,616.3 6,960.2 10,815.0 19.1 264.0 M. Professional, Scientific and 6.1 0.4 51.4 - 57.9 27.3 49.5 76.9 - - Technical Activities N. Administrative and Support 3,527.4 3,125.7 2,584.9 7,500.3 16,738.2 2,986.8 8,261.8 3,281.7 3,310.4 17,840.6 9.1 (55.9) Service Activities O. Public Administration and Defense; Compulsory Social ------Security P. Education - 1.2 - 0.2 1.4 - - 0.1 - 0.1 - (100.0) Q. Human Health and Social Work 103.0 - - - 103.0 ------Activities R. Arts, Entertainment and 0.6 22.5 1.3 300.7 325.2 9.1 - - - 9.1 - (100.0) Recreation S. Other Service Activities - 7.9 7.9 - - 9.5 6.0 15.5 0.0 - Total 45,984.7 49,575.4 182,436.0 112,114.0 390,110.1 29,143.2 15,460.7 31,032.5 36,486.6 112,122.9 100.0 (67.5) '**Growth rates greater than 1,000 Dash (-) is equivalent to zero

TABLE 3B Total Approved Foreign Investments by Industry: 2019 and 2020 (in million pesos)

Approved FI Percent to Growth Rate (%) Industrya/ Total 2020 2019 - 2020 2019 2020

A. Agriculture, Forestry and Fishing 409.6 136.9 0.1 (66.6) B. Mining and Quarrying - 646.2 0.6 - C. Manufacturing 61,777.9 37,596.5 33.5 (39.1) D. Electricity, Gas, Steam and Air 72,637.5 2,356.7 2.1 (96.8) Conditioning Supply E. Water Supply; Sewerage, Waste Management and Remediation 146.0 - 0.0 (100.0) Activities F. Construction 1.9 211.9 0.2 ** G. Wholesale and Retail Trade; Repair of Motor Vehicles and 2,789.6 2,239.1 2.0 (19.7) Motorcycles H. Transportation and Storage 3,864.1 37,469.0 33.4 869.7 I. Accommodation and Food 3,296.1 2,177.1 1.9 (33.9) Service Activities J. Information and Communication 219,333.7 445.4 0.4 (99.8) K. Financial and Insurance 174.6 86.8 0.1 (50.3) Activities L. Real Estate Activities 8,445.5 10,815.0 9.6 28.1 M. Professional, Scientific and 57.9 76.9 0.1 32.8 Technical Activities N. Administrative and Support 16,738.2 17,840.6 15.9 6.6 Service Activities O. Public Administration and Defense; Compulsory Social - - - - Security P. Education 1.4 0.1 0.0 (92.8) Q. Human Health and Social Work 103.0 - - (100.0) Activities R. Arts, Entertainment and 325.2 9.1 0.0 (97.2) Recreation S. Other Service Activities 7.9 15.5 0.0 96.0 Total 390,110.1 112,122.9 100.0 (71.3) '**Growth rates greater than 1,000 Dash (-) is equivalent to zero a/ The 2009 Philippine Standard Industrial Classification (PSIC) is adopted in classifying the industry. Note: Details may not add up to totals due to rounding. Sources: Authority of the Freeport Area of Bataan (AFAB), Board of Investments (BOI), BOI-Bangsamoro Autonomous Region in Muslim Mindanao (BOI-BARMM), Clark Development Corporation (CDC), Cagayan Economic Zone Authority (CEZA), Philippine Economic Zone Authority (PEZA), and Subic Bay Metropolitan Authority (SBMA).

31 Approved Foreign Investments, Q4 2020

TABLE 4A Total Approved Foreign Investments by Region: First Quarter 2019 to Fourth Quarter 2020 (in million pesos)

2019 2020 Percent to Growth Rate (%) Region Total Q4 2019 - Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total Q4 2020 Q4 2020

NCR - National Capital Region 6,286.0 4,205.7 2,675.5 10,664.3 23,831.5 12,871.3 13,262.4 9,095.2 5,151.4 40,380.3 14.1 (51.7) CAR - Cordillera Administrative - 39.0 - - 39.0 ------Region I - Ilocos Region - - - - - 324.8 130.8 - - 455.6 - - II - Cagayan Valley 414.7 144.8 72.3 45.8 677.7 1,162.6 57.5 50.0 53.6 1,323.6 0.1 16.9 III - Central Luzon 22,107.0 1,839.2 2,158.3 2,650.0 28,754.4 4,263.0 51.7 3,479.7 6,677.3 14,471.7 18.3 152.0 IVA - CALABARZON 15,702.5 41,366.8 40,295.3 11,167.8 108,532.3 5,127.7 1,884.2 5,217.8 22,771.7 35,001.5 62.4 103.9 MIMAROPA 0.0 116.6 - - 116.6 - - 53.0 - 53.0 - - V - Bicol Region - - 281.2 0.0 281.2 ------(100.0) VI - Western Visayas 213.0 136.6 236.1 999.9 1,585.7 671.1 - 1,143.2 715.8 2,530.1 2.0 (28.4) VII - Central Visayas 976.7 828.3 659.8 403.8 2,868.6 1,302.1 - 1,838.9 672.2 3,813.1 1.8 66.5 VIII - Eastern Visayas - - 24.2 - 24.2 ------IX - Zamboanga Peninsula ------X - Northern Mindanao 8.0 8.4 1,281.2 1,308.6 2,606.3 ------(100.0) XI - Davao Region 189.5 889.9 62.8 680.9 1,823.1 4.6 74.0 426.5 441.6 946.6 1.2 (35.1) XII - SOCCSKSARGEN 87.3 - - 192.8 280.1 3,416.1 - 9,728.1 - 13,144.2 - (100.0) XIII - Caraga ------BARMM - Bangsamoro Autonomous Region in - - 306.8 0.0 306.9 - - - 3.0 3.0 0.0 ** Muslim Mindanao Several Locations - - 134,382.4 84,000.0 218,382.4 ------(100.0) No Site yet ------Total 45,984.7 49,575.4 182,436.0 112,114.0 390,110.1 29,143.2 15,460.7 31,032.5 36,486.6 112,122.9 100.0 (67.5) Dash (-) is equivalent to zero

TABLE 4B Total Approved Investments by Region: 2019 and 2020 (in million pesos)

Approved FI Percent to Growth Rate (%) Region Total 2020 2019 - 2020 2019 2020

NCR - National Capital Region 23,831.5 40,380.3 36.0 69.4 CAR - Cordillera Administrative 39.0 - 0.0 (100.0) Region I - Ilocos Region - 455.6 0.4 - II - Cagayan Valley 677.7 1,323.6 1.2 95.3 III - Central Luzon 28,754.4 14,471.7 12.9 (49.7) IVA - CALABARZON 108,532.3 35,001.5 31.2 (67.8) MIMAROPA 116.6 53.0 0.0 (54.6) V - Bicol Region 281.2 - 0.0 (100.0) VI - Western Visayas 1,585.7 2,530.1 2.3 59.6 VII - Central Visayas 2,868.6 3,813.1 3.4 32.9 VIII - Eastern Visayas 24.2 - 0.0 (100.0) IX - Zamboanga Peninsula - - 0.0 - X - Northern Mindanao 2,606.3 - 0.0 (100.0) XI - Davao Region 1,823.1 946.6 0.8 (48.1) XII - SOCCSKSARGEN 280.1 13,144.2 11.7 ** XIII - Caraga - - 0.0 - BARMM - Bangsamoro Autonomous Region in 306.9 3.0 0.0 (99.0) Muslim Mindanao Several Locations 218,382.4 - 0.0 (100.0) No Site yet - - 0.0 - Total 390,110.1 112,122.9 100.0 (71.3) '**Growth rates greater than 1,000 Dash (-) is equivalent to zero Note: Details may not add up to totals due to rounding. Sources: Authority of the Freeport Area of Bataan (AFAB), Board of Investments (BOI), BOI-Bangsamoro Autonomous Region in Muslim Mindanao (BOI-BARMM), Clark Development Corporation (CDC), Cagayan Economic Zone Authority (CEZA), Philippine Economic Zone Authority (PEZA), and Subic Bay Metropolitan Authority (SBMA).

32 Approved Foreign Investments, Q4 2020

TABLE 5A Projected Employment from Approved Projects with Foreign Interest: First Quarter 2019 to Fourth Quarter 2020

Percent to Growth Rate (%) 2019 2020 Agency Total Q4 2019 - Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total Q4 2020 Q4 2020

AFAB 175 158 620 6,500 7,453 13 24 3 350 390 1.4 (94.6) BOI 6,159 2,662 7,690 10,817 27,328 7,771 1,804 7,453 7,655 24,683 31.6 (29.2) BOI BARMM - - 753 107 860 - - - 18 18 0.1 (83.2) CDC 1,746 3,422 534 1,275 6,977 3,315 82 244 1,122 4,763 4.6 (12.0) CEZA 447 203 105 119 874 55 12 12 161 240 0.7 35.3 PEZA 23,146 18,721 17,459 25,010 84,336 21,119 19,894 13,435 14,770 69,218 60.9 (40.9) SBMA 704 498 326 254 1,782 122 24 97 163 406 0.7 (35.8) Total 32,377 25,664 27,487 44,082 129,610 32,395 21,840 21,244 24,239 99,718 100.0 (45.0) Dash (-) is equivalent to zero

TABLE 5B Projected Employment from Approved Projects with Foreign Interest: 2019 and 2020

Percent to Growth Rate (%) Agency 2019 2020 Total 2020 2019 - 2020

AFAB 7,453 390 0.4 (94.8) BOI 27,328 24,683 24.8 (9.7) BOI BARMM 860 18 0.0 (97.9) CDC 6,977 4,763 4.8 (31.7) CEZA 874 240 0.2 (72.5) PEZA 84,336 69,218 69.4 (17.9) SBMA 1,782 406 0.4 (77.2) Total 129,610 99,718 100.0 (23.1)

Note: Details may not add up to totals due to rounding. Sources: Authority of the Freeport Area of Bataan (AFAB), Board of Investments (BOI), BOI-Bangsamoro Autonomous Region in Muslim Mindanao (BOI-BARMM), Clark Development Corporation (CDC), Cagayan Economic Zone Authority (CEZA), Philippine Economic Zone Authority (PEZA), and Subic Bay Metropolitan Authority (SBMA).

33 Approved Foreign Investments, Q4 2020

TABLE 6A Total Approved Investments of Foreign and Filipino Nationals by Investment Promotion Agency: First Quarter 2019 to Fourth Quarter 2020 (in million pesos)

Approved Investments Percent to Growth Rate (%) Agency 2019 2020 Total Q4 2019 - Q4 2020 Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total Q4 2020

AFAB 412.9 88.1 27,339.5 301.0 28,141.6 8,657.0 50.6 495.2 4,894.3 14,097.0 1.8 ** BOI 243,072.5 61,360.7 460,316.2 375,968.0 1,140,717.4 83,366.7 561,912.0 134,234.6 236,668.0 1,016,181.2 87.6 (37.1) BOI BARMM 1,423.3 1,809.3 822.0 100.0 4,154.6 - - - 14.3 14.3 0.0 (85.7) CDC 1,285.1 3,380.4 254.5 5,212.8 10,132.8 3,718.7 18.0 2,454.8 1,478.7 7,670.2 0.5 (71.6) CEZA 1,551.0 185.5 101.6 682.1 2,520.1 2,862.6 247.5 248.5 126.5 3,485.2 0.0 (81.5) PEZA 22,904.8 39,237.0 26,128.2 29,271.8 117,541.8 16,496.2 13,045.2 38,949.7 26,541.8 95,033.0 9.8 (9.3) SBMA 3,577.9 902.1 748.4 662.6 5,891.1 790.4 66.1 167.9 355.5 1,379.8 0.1 (46.4) Total 274,227.5 106,963.1 515,710.4 412,198.4 1,309,099.4 115,891.6 575,339.4 176,550.8 270,079.1 1,137,860.8 100.0 (34.5) '**Growth rates greater than 1,000 Dash (-) is equivalent to zero

TABLE 6B Total Approved Investments of Foreign and Filipino Nationals by Investments Promotion Agency: 2019 and 2020 (in million pesos)

Approved Investments Agency Percent to Growth Rate (%) 2019 2020 Total 2020 2019 - 2020

AFAB 28,141.6 14,097.0 1.2 (49.9) BOI 1,140,717.4 1,016,181.2 89.3 (10.9) BOI BARMM 4,154.6 14.3 0.0 (99.7) CDC 10,132.8 7,670.2 0.7 (24.3) CEZA 2,520.1 3,485.2 0.3 38.3 PEZA 117,541.8 95,033.0 8.4 (19.1) SBMA 5,891.1 1,379.8 0.1 (76.6) Total 1,309,099.4 1,137,860.8 100.0 (13.1) 1,016.2 Note: Details may not add up to totals due to rounding. Sources: Authority of the Freeport Area of Bataan (AFAB), Board of Investments (BOI), BOI-Bangsamoro Autonomous Region in Muslim Mindanao (BOI-BARMM), Clark Development Corporation (CDC), Cagayan Economic Zone Authority (CEZA), Philippine Economic Zone Authority (PEZA), and Subic Bay Metropolitan Authority (SBMA).

34 Approved Foreign Investments, Q4 2020

TABLE 7A Total Approved Investments by Nationality (Filipino and Foreign) and by Investment Promotion Agency: First Quarter 2019 to Fourth Quarter 2020 (in million pesos)

2019 Agency 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Filipino Foreign Total Filipino Foreign Total Filipino Foreign Total Filipino Foreign Total

AFAB 238.6 174.3 412.9 73.0 15.1 88.1 27,188.7 150.8 27,339.5 301.0 0.0 301.0 BOI 212,254.9 30,817.5 243,072.5 23,306.9 38,053.8 61,360.7 289,333.6 170,982.7 460,316.2 280,081.3 95,886.7 375,968.0 BOI BARMM 1,423.3 - 1,423.3 1,809.3 - 1,809.3 515.1 306.8 822.0 100.0 0.0 100.0 CDC 904.2 381.0 1,285.1 2,902.0 478.4 3,380.4 101.6 152.9 254.5 4,968.0 244.8 5,212.8 CEZA 1,471.1 79.8 1,551.0 42.8 142.6 185.5 29.3 72.3 101.6 636.3 45.8 682.1 PEZA 9,935.6 12,969.1 22,904.8 28,720.8 10,516.2 39,237.0 15,834.1 10,294.1 26,128.2 13,796.0 15,475.8 29,271.8 SBMA 2,015.0 1,563.0 3,577.9 532.9 369.3 902.1 272.1 476.3 748.4 201.9 460.8 662.6 Total 228,242.8 45,984.7 274,227.5 57,387.7 49,575.4 106,963.1 333,274.5 182,436.0 515,710.4 300,084.4 112,114.0 412,198.4 % Share to Total 83.2 16.8 100.0 53.7 46.3 100.0 64.6 35.4 100.0 72.8 27.2 100.0

2020 Agency 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Filipino Foreign Total Filipino Foreign Total Filipino Foreign Total Filipino Foreign Total

AFAB 8,656.1 0.9 8,657.0 50.5 0.0 50.6 494.0 1.2 495.2 4,501.4 393.0 4,894.3 BOI 70,003.4 13,363.2 83,366.7 556,654.0 5,258.0 561,912.0 123,603.9 10,630.7 134,234.6 218,189.2 18,478.8 236,668.0 BOI BARMM ------11.3 3.0 14.3 CDC 1,465.6 2,253.1 3,718.7 4.3 13.6 18.0 2,441.3 13.5 2,454.8 1,186.0 292.7 1,478.7 CEZA 1,763.0 1,099.6 2,862.6 190.0 57.5 247.5 198.5 50.0 248.5 72.9 53.6 126.5 PEZA 4,180.4 12,315.8 16,496.2 2,939.5 10,105.7 13,045.2 18,673.2 20,276.5 38,949.7 9,510.5 17,031.3 26,541.8 SBMA 679.9 110.5 790.4 40.3 25.8 66.1 107.4 60.5 167.9 121.3 234.2 355.5 Total 86,748.4 29,143.2 115,891.6 559,878.7 15,460.7 575,339.4 145,518.3 31,032.5 176,550.8 233,592.5 36,486.6 270,079.1 % Share to Total 74.9 25.1 100.0 97.3 2.7 100.0 82.4 17.6 100.0 86.5 13.5 100.0

Growth Rate (%) Agency Q4 2019-Q4 2020 Filipino Foreign Total

AFAB ** ** ** BOI (22.1) (80.7) (37.1) BOI BARMM (88.7) ** (85.7) CDC (76.1) 19.6 (71.6) CEZA (88.5) 16.9 (81.5) PEZA (31.1) 10.1 (9.3) SBMA (39.9) (49.2) (46.4) Total (22.2) (67.5) (34.5) '**Growth rates greater than 1,000 Dash (-) is equivalent to zero

TABLE 7B Total Approved Investments by Nationality (Filipino and Foreign) and by Investments Promotion Agency: 2019 and 2020 (in million pesos)

Approved Investments Growth Rate (%) Agency 2019 2020 2019 - 2020 Filipino Foreign Total Filipino Foreign Total Filipino Foreign Total

AFAB 27,801.3 340.2 28,141.6 13,701.9 395.1 14,097.0 (50.7) 16.1 (49.9) BOI 804,976.7 335,740.7 1,140,717.4 968,450.5 47,730.7 1,016,181.2 20.3 (85.8) (10.9) BOI BARMM 3,847.7 306.9 4,154.6 11.3 3.0 14.3 (99.7) (99.0) (99.7) CDC 8,875.8 1,257.1 10,132.8 5,097.2 2,573.0 7,670.2 (42.6) 104.7 (24.3) CEZA 2,179.5 340.6 2,520.1 2,224.5 1,260.7 3,485.2 2.1 270.1 38.3 PEZA 68,286.5 49,255.3 117,541.8 35,303.6 59,729.4 95,033.0 (48.3) 21.3 (19.1) SBMA 3,021.8 2,869.3 5,891.1 948.9 431.0 1,379.8 (68.6) (85.0) (76.6) Total 918,989.4 390,110.1 1,309,099.4 1,025,737.9 112,122.9 1,137,860.8 11.6 (71.3) (13.1) % Share to Total 70.2 29.8 100.0 90.1 9.9 100.0 Dash (-) is equivalent to zero

Notes: 1. Approved Investments refer to the project cost or committed investments by Filipino and foreign investors. 2. Filipino investments include all committed investments of Filipinos in wholly and partially owned companies. 3. Details may not add up to totals due to rounding. Sources: Authority of the Freeport Area of Bataan (AFAB), Board of Investments (BOI), BOI-Bangsamoro Autonomous Region in Muslim Mindanao (BOI-BARMM), Clark Development Corporation (CDC), Cagayan Economic Zone Authority (CEZA), Philippine Economic Zone Authority (PEZA), and Subic Bay Metropolitan Authority (SBMA).

35 Approved Foreign Investments, Q4 2020

TABLE 8A Total Approved Investments of Foreign and Filipino Nationals by Industry: First Quarter 2019 to Fourth Quarter 2020 (in million pesos)

Approved Investments Percent to Growth Rate (%) Industrya/ 2019 2020 Total Q4 2019 - Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total Q4 2020 Q4 2020

A. Agriculture, Forestry and Fishing 687.8 2,509.0 1,614.5 919.1 5,730.5 157.4 944.0 2,827.0 - 3,928.3 - (100.0) B. Mining and Quarrying 1,423.3 - - 4.6 1,427.9 - - 583.0 2,700.0 3,283.0 1.0 ** C. Manufacturing 50,941.6 6,997.3 25,865.8 29,361.0 113,165.7 12,952.4 2,984.5 21,868.0 12,466.5 50,271.4 4.6 (57.5) D. Electricity, Gas, Steam and Air 151,254.3 44,386.7 178,432.6 108,101.4 482,175.0 4,482.1 2,402.1 62,200.0 131,479.6 200,563.8 48.7 21.6 Conditioning Supply E. Water Supply; Sewerage, Waste Management and Remediation 713.5 275.0 319.1 8.8 1,316.3 284.7 - 158.6 26,674.0 27,117.2 9.9 ** Activities F. Construction 1.3 30.2 22.3 18.5 72.3 1,599.5 5.0 - 26,653.6 28,258.1 9.9 ** G. Wholesale and Retail Trade; Repair 1,948.9 605.7 671.7 1,238.6 4,464.8 1,468.6 1,765.2 87.7 1,645.1 4,966.6 0.6 32.8 of Motor Vehicles and Motorcycles H. Transportation and Storage 596.3 7,810.8 6,632.6 17,220.0 32,259.7 61,291.7 556,522.2 56,143.8 20,878.7 694,836.5 7.7 21.2 I. Accommodation and Food Service 11,672.6 2,771.8 1,111.7 695.9 16,252.0 6,064.3 4.3 3,444.5 7,231.8 16,744.9 2.7 939.3 Activities J. Information and Communication 33,636.6 171.4 275,642.4 210,260.2 519,710.6 86.5 189.2 174.9 78.7 529.3 0.0 (100.0) K. Financial and Insurance Activities 19.5 121.0 62.1 54.5 257.2 27.0 19.3 26.0 19.8 92.2 0.0 (63.6) L. Real Estate Activities 15,203.3 37,085.5 22,063.6 35,256.2 109,608.7 23,943.5 2,233.7 24,810.2 34,339.9 85,327.4 12.7 (2.6) M. Professional, Scientific and 15.5 3.4 51.4 2.5 72.8 34.5 - 59.9 6.8 101.2 0.0 178.3 Technical Activities N. Administrative and Support Service 3,692.5 3,784.7 2,720.2 7,810.9 18,008.2 3,484.5 8,269.8 3,439.2 3,487.6 18,681.1 1.3 (55.3) Activities O. Public Administration and Defense; - 0.6 - 51.1 51.8 - - 578.6 - 578.6 - (100.0) Compulsory Social Security P. Education 0.5 1.8 - 0.6 2.9 1.0 - 0.1 - 1.1 - (100.0) Q. Human Health and Social Work 2,401.0 - 462.7 322.1 3,185.8 - - 140.0 2,350.5 2,490.4 0.9 629.8 Activities R. Arts, Entertainment and Recreation 17.0 407.6 5.2 872.4 1,302.3 13.3 - - 50.0 63.3 0.0 (94.3) S. Other Service Activities 1.9 0.5 32.6 - 34.9 0.6 - 9.5 16.3 26.4 0.0 - Total 274,227.5 106,963.1 515,710.4 412,198.4 1,309,099.4 115,891.6 575,339.4 176,550.8 270,079.1 1,137,860.8 100.0 (34.5) '**Growth rates greater than 1,000 Dash (-) is equivalent to zero

TABLE 8B Total Approved Investments of Foreign and Filipino Nationals by Industry: 2019 and 2020 (in million pesos) Electricity, Gas and Water Approved FI Percent to Growth Rate (%) Industrya/ 2019 2020 Total 2020 2019 - 2020

A. Agriculture, Forestry and Fishing 5,730.5 3,928.3 0.3 (31.4) B. Mining and Quarrying 1,427.9 3,283.0 0.3 129.9 C. Manufacturing 113,165.7 50,271.4 4.4 (55.6) D. Electricity, Gas, Steam and Air 482,175.0 200,563.8 17.6 (58.4) Conditioning Supply E. Water Supply; Sewerage, Waste Management and Remediation 1,316.3 27,117.2 2.4 ** Activities F. Construction 72.3 28,258.1 2.5 ** G. Wholesale and Retail Trade; Repair 4,464.8 4,966.6 0.4 11.2 of Motor Vehicles and Motorcycles H. Transportation and Storage 32,259.7 694,836.5 61.1 ** I. Accommodation and Food Service 16,252.0 16,744.9 1.5 3.0 Activities J. Information and Communication 519,710.6 529.3 0.0 (99.9) K. Financial and Insurance Activities 257.2 92.2 0.0 (64.2) L. Real Estate Activities 109,608.7 85,327.4 7.5 (22.2) M. Professional, Scientific and 72.8 101.2 0.0 38.9 Technical Activities N. Administrative and Support 18,008.2 18,681.1 1.6 3.7 Service Activities O. Public Administration and Defense; 51.8 578.6 0.1 ** Compulsory Social Security P. Education 2.9 1.1 0.0 (62.4) Q. Human Health and Social Work 3,185.8 2,490.4 0.2 (21.8) Activities R. Arts, Entertainment and Recreation 1,302.3 63.3 0.0 (95.1) S. Other Service Activities 34.9 26.4 0.0 (24.5) Total 1,309,099.4 1,137,860.8 100.0 (13.1) '**Growth rates greater than 1,000 Dash (-) is equivalent to zero a/ The 2009 Philippine Standard Industrial Classification (PSIC) is adopted in classifying the industry.

Notes: 1. Approved Investments refer to the project cost or committed investments by Filipino and foreign investors. 2. Filipino investments include all committed investments of Filipinos in wholly and partially owned companies. 3. Details may not add up to totals due to rounding. Sources: Authority of the Freeport Area of Bataan (AFAB), Board of Investments (BOI), BOI-Bangsamoro Autonomous Region in Muslim Mindanao (BOI-BARMM), Clark Development Corporation (CDC), Cagayan Economic Zone Authority (CEZA), Philippine Economic Zone Authority (PEZA), and Subic Bay Metropolitan Authority (SBMA).

36 Approved Foreign Investments, Q4 2020

TABLE 9A Total Approved Investments of Foreign and Filipino Nationals by Region: First Quarter 2019 to Fourth Quarter 2020 (in million pesos)

2019 2020 Percent to Growth Rate (%) Region Total Q4 2019 - Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total Q4 2020 Q4 2020

NCR - National Capital Region 10,355.5 25,042.3 4,424.1 26,273.7 66,095.6 62,863.4 33,386.1 52,918.4 15,828.1 164,995.9 5.9 (39.8) CAR - Cordillera Administrative Region - 40.2 - 33,438.7 33,479.0 - - 1,847.7 2,150.7 3,998.4 0.8 (93.6) I - Ilocos Region 570.6 800.2 627.4 12,676.4 14,674.7 814.8 654.0 4,407.4 8,538.6 14,414.8 3.2 (32.6) II - Cagayan Valley 4,170.0 6,228.6 1,493.4 4,078.0 15,970.1 3,020.0 484.9 3,302.0 4,436.7 11,243.6 1.6 8.8 III - Central Luzon 35,635.6 8,616.5 49,298.0 27,118.3 120,668.4 19,457.2 535,006.6 21,315.6 39,708.2 615,487.7 14.7 46.4 IVA - CALABARZON 173,232.5 48,108.6 168,180.0 47,646.1 437,167.2 11,376.8 4,930.8 20,595.2 174,332.5 211,235.2 64.5 265.9 MIMAROPA 565.6 4,961.6 - - 5,527.2 - - 526.6 3,679.7 4,206.3 1.4 - V - Bicol Region 1,243.5 2,295.0 1,090.0 4,277.1 8,905.6 115.4 - 6,243.1 5,491.0 11,849.5 2.0 28.4 VI - Western Visayas 321.0 710.7 236.1 6,674.9 7,942.7 4,633.4 - 3,291.1 2,870.3 10,794.8 1.1 (57.0) VII - Central Visayas 7,888.9 6,037.2 3,314.7 11,027.8 28,268.6 2,882.9 170.4 11,663.9 5,246.9 19,964.1 1.9 (52.4) VIII - Eastern Visayas 1,350.0 - 7,659.8 4,984.1 13,993.9 - - 2,399.3 1,216.1 3,615.4 0.5 (75.6) IX - Zamboanga Peninsula - - 150.7 165.0 315.7 - - 5,593.2 1,034.7 6,627.8 0.4 527.1 X - Northern Mindanao 721.4 828.4 1,838.8 12,470.7 15,859.3 3,266.4 - 26,488.2 2,122.6 31,877.1 0.8 (83.0) XI - Davao Region 1,655.9 1,084.7 302.2 4,426.1 7,468.9 3,975.9 636.6 4,251.0 2,764.9 11,628.4 1.0 (37.5) XII - SOCCSKSARGEN 1,928.4 - 291.4 4,598.7 6,818.5 3,485.2 70.0 11,708.2 591.1 15,854.5 0.2 (87.1) XIII - Caraga 24.9 399.8 462.7 2,242.8 3,130.2 - - - 52.9 52.9 0.0 (97.6) BARMM - Bangsamoro Autonomous 1,423.3 1,809.3 822.0 100.0 4,154.6 - - - 14.3 14.3 0.0 (85.7) Region in Muslim Mindanao Several Locations 33,140.3 - 275,519.1 210,000.0 518,659.4 ------(100.0) No Site yet ------Total 274,227.5 106,963.1 515,710.4 412,198.4 1,309,099.4 115,891.6 575,339.4 176,550.8 270,079.1 1,137,860.8 100.0 (34.5) Dash (-) is equivalent to zero

TABLE 9B Total Approved Investments of Foreign and Filipino Nationals by Region: 2019 and 2020 (in million pesos)

Approved FI Percent to Growth Rate (%) Region 2019 2020 Total 2020 2019 - 2020

NCR - National Capital Region 66,095.6 164,995.9 14.5 149.6 CAR - Cordillera Administrative Region 33,479.0 3,998.4 0.4 (88.1) I - Ilocos Region 14,674.7 14,414.8 1.3 (1.8) II - Cagayan Valley 15,970.1 11,243.6 1.0 (29.6) III - Central Luzon 120,668.4 615,487.7 54.1 410.1 IVA - CALABARZON 437,167.2 211,235.2 18.6 (51.7) MIMAROPA 5,527.2 4,206.3 0.4 (23.9) V - Bicol Region 8,905.6 11,849.5 1.0 33.1 VI - Western Visayas 7,942.7 10,794.8 0.9 35.9 VII - Central Visayas 28,268.6 19,964.1 1.8 (29.4) VIII - Eastern Visayas 13,993.9 3,615.4 0.3 (74.2) IX - Zamboanga Peninsula 315.7 6,627.8 0.6 ** X - Northern Mindanao 15,859.3 31,877.1 2.8 101.0 XI - Davao Region 7,468.9 11,628.4 1.0 55.7 XII - SOCCSKSARGEN 6,818.5 15,854.5 1.4 132.5 XIII - Caraga 3,130.2 52.9 0.0 (98.3) BARMM - Bangsamoro Autonomous 4,154.6 14.3 0.0 (99.7) Region in Muslim Mindanao Several Locations 518,659.4 - - (100.0) No Site yet - - - - Total 1,309,099.4 1,137,860.8 100.0 (13.1) '**Growth rates greater than 1,000 Dash (-) is equivalent to zero Note: Details may not add up to totals due to rounding. Sources: Authority of the Freeport Area of Bataan (AFAB), Board of Investments (BOI), BOI-Bangsamoro Autonomous Region in Muslim Mindanao (BOI-BARMM), Clark Development Corporation (CDC), Cagayan Economic Zone Authority (CEZA), Philippine Economic Zone Authority (PEZA), and Subic Bay Metropolitan Authority (SBMA).

37 Approved Foreign Investments, Q4 2020

TABLE 10A Projected Employment from Approved Investments of Foreign and Filipino Nationals: First Quarter 2019 to Fourth Quarter 2020

Percent to 2019 2020 Growth Rate (%) Agency Total Q4 2019 - Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total Q4 2020 Q4 2020

AFAB 179 243 1,121 6,567 8,110 303 29 1,583 958 2,873 2.7 (85.4) BOI 12,603 4,611 24,648 19,760 61,622 10,605 16,477 11,093 16,949 55,124 47.9 (14.2) BOI BARMM 117 1,467 1,033 107 2,724 - - - 18 18 0.1 (83.2) CDC 2,736 3,931 4,863 2,008 13,538 3,634 110 2,699 1,448 7,891 4.1 (27.9) CEZA 455 219 250 585 1,509 93 15 25 693 826 2.0 18.5 PEZA 24,827 18,989 18,276 26,070 88,162 21,174 19,894 16,537 15,098 72,703 42.6 (42.1) SBMA 1,328 675 437 849 3,289 321 47 163 250 781 0.7 (70.6) Total 42,245 30,135 50,628 55,946 178,954 36,130 36,572 32,100 35,414 140,216 100.0 (36.7) Dash (-) is equivalent to zero

TABLE 10B Projected Employment from Approved Investments of Foreign and Filipino Nationals: 2019 and 2020

Percent to Growth Rate (%) Agency 2019 2020 Total 2020 2019 - 2020

AFAB 8,110 2,873 2.0 (64.6) BOI 61,622 55,124 39.3 (10.5) BOI BARMM 2,724 18 0.0 (99.3) CDC 13,538 7,891 5.6 (41.7) CEZA 1,509 826 0.6 (45.3) PEZA 88,162 72,703 51.9 (17.5) SBMA 3,289 781 0.6 (76.3) Total 178,954 140,216 100.0 (21.6)

Note: Details may not add up to totals due to rounding. Sources: Authority of the Freeport Area of Bataan (AFAB), Board of Investments (BOI), BOI-Bangsamoro Autonomous Region in Muslim Mindanao (BOI-BARMM), Clark Development Corporation (CDC), Cagayan Economic Zone Authority (CEZA), Philippine Economic Zone Authority (PEZA), and Subic Bay Metropolitan Authority (SBMA).

38 Approved Foreign Investments, Q4 2020

TABLE 11A Projected Employment from Approved Investments of Foreign and Filipino Nationals by Industry: First Quarter 2019 to Fourth Quarter 2020

2019 2020 Percent to Growth Rate (%) Industrya/ Total Q4 2019 - Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total Q4 2020 Q4 2020

A. Agriculture, Forestry and Fishing 453 1,697 366 123 2,639 54 392 262 - 708 0.0 (100.0) B. Mining and Quarrying 117 - - 15 132 - - 63 - 63 - (100.0) C. Manufacturing 16,590 11,457 13,307 17,664 59,018 17,746 8,921 10,716 7,343 44,726 20.7 (58.4) D. Electricity, Gas, Steam and Air Conditioning 867 499 569 2,257 4,192 48 10 551 962 1,571 2.7 (57.4) Supply E. Water Supply; Sewerage, Waste Management 56 - 98 50 204 16 - 14 80 110 0.2 60.0 and Remediation Activities F. Construction 10 55 45 214 324 1,384 10 - 1,999 3,393 5.6 834.1 G. Wholesale and Retail Trade; Repair of Motor 410 460 174 850 1,894 184 56 117 1,043 1,400 2.9 22.7 Vehicles and Motorcycles H. Transportation and Storage 100 1,146 712 971 2,929 4,942 15,834 3,860 356 24,992 1.0 (63.3) I. Accommodation and Food Service Activities 2,188 775 485 298 3,746 2,091 32 582 1,049 3,754 3.0 252.0 J. Information and Communication 1,643 380 13,961 4,694 20,678 212 243 594 535 1,584 1.5 (88.6) K. Financial and Insurance Activities 24 60 37 - 121 - - 110 14 124 0.0 0.0 L. Real Estate Activities 4,330 2,618 3,615 10,408 20,971 2,666 40 3,045 10,736 16,487 30.3 3.2 M. Professional, Scientific and Technical 10 28 88 61 187 20 - 42 23 85 0.1 (62.3) Activities N. Administrative and Support Service Activities 14,290 10,610 16,934 17,585 59,419 6,732 11,034 10,346 10,129 38,241 28.6 (42.4) O. Public Administration and Defense; - 2 - 38 40 - - 1,574 - 1,574 0.0 (100.0) Compulsory Social Security P. Education 2 23 - 133 158 5 - 7 - 12 0.0 (100.0) Q. Human Health and Social Work Activities 1,078 - 157 111 1,346 - - 159 1,080 1,239 3.0 873.0 R. Arts, Entertainment and Recreation 43 304 18 474 839 13 - - 20 33 0.1 (95.8) S. Other Service Activities 34 21 62 - 117 17 - 58 45 120 0.1 0.0 Total 42,245 30,135 50,628 55,946 178,954 36,130 36,572 32,100 35,414 140,216 100.0 (36.7)

TABLE 11B Projected Employment from Approved Investments of Foreign and Filipino Nationals by Industry: 2019 and 2020

Percent to Growth Rate (%) Industrya/ 2019 2020 Total 2020 2019 - 2020

A. Agriculture, Forestry and Fishing 2,639 708 0.5 (73.2) B. Mining and Quarrying 132 63 0.0 (52.3) C. Manufacturing 59,018 44,726 31.9 (24.2) D. Electricity, Gas, Steam and Air Conditioning 4,192 1,571 1.1 (62.5) Supply E. Water Supply; Sewerage, Waste Management 204 110 0.1 (46.1) and Remediation Activities F. Construction 324 3,393 2.4 947.2 G. Wholesale and Retail Trade; Repair of Motor 1,894 1,400 1.0 (26.1) Vehicles and Motorcycles H. Transportation and Storage 2,929 24,992 17.8 753.3 I. Accommodation and Food Service Activities 3,746 3,754 2.7 0.2 J. Information and Communication 20,678 1,584 1.1 (92.3) K. Financial and Insurance Activities 121 124 0.1 2.5 L. Real Estate Activities 20,971 16,487 11.8 (21.4) M. Professional, Scientific and Technical 187 85 0.1 (54.5) Activities N. Administrative and Support Service Activities 59,419 38,241 27.3 (35.6) O. Public Administration and Defense; 40 1,574 1.1 ** Compulsory Social Security P. Education 158 12 0.0 (92.4) Q. Human Health and Social Work Activities 1,346 1,239 0.9 (7.9) R. Arts, Entertainment and Recreation 839 33 0.0 (96.1) S. Other Service Activities 117 120 0.1 2.6 Total 178,954 140,216 100.0 (21.6) a/ The 2009 Philippine Standard Industrial Classification (PSIC) is adopted in classifying the industry. Note: Details may not add up to totals due to rounding. Sources: Authority of the Freeport Area of Bataan (AFAB), Board of Investments (BOI), BOI-Bangsamoro Autonomous Region in Muslim Mindanao (BOI-BARMM), Clark Development Corporation (CDC), Cagayan Economic Zone Authority (CEZA), Philippine Economic Zone Authority (PEZA), and Subic Bay Metropolitan Authority (SBMA).

39 Approved Foreign Investments, Q4 2020

TABLE 12A Total Approved Foreign and Filipino Investments in the Information and Communications Technology (ICT) Industry by Investment Promotion Agency: First Quarter 2019 to Fourth Quarter 2020 (in million pesos)

2019 Agency 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Filipino Foreign Total Filipino Foreign Total Filipino Foreign Total Filipino Foreign Total

AFAB - - - 11.9 5.1 17.1 ------BOI 33,140.3 - 33,140.3 36.2 - 36.2 141,139.8 134,535.1 275,674.9 126,111.8 84,138.8 210,250.6 BOI BARMM ------CDC 61.3 22.0 83.3 0.0 0.2 0.2 12.6 108.6 121.2 55.0 109.3 164.3 CEZA - 79.1 79.1 4.5 142.6 147.2 26.3 72.3 98.6 515.0 - 515.0 PEZA 138.7 3,873.9 4,012.6 655.8 2,766.0 3,421.9 96.3 2,374.3 2,470.5 190.7 7,481.3 7,672.0 SBMA 0.3 10.4 10.7 1.2 6.3 7.5 - - - 6.0 1.0 7.0 Total 33,340.5 3,985.4 37,325.9 709.7 2,920.3 3,630.0 141,274.9 137,090.3 278,365.2 126,878.4 91,730.5 218,608.9 % Share to Total 89.3 10.7 100.0 19.6 80.4 100.0 50.8 49.2 100.0 58.0 42.0 100.0

2020 Agency 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Filipino Foreign Total Filipino Foreign Total Filipino Foreign Total Filipino Foreign Total

AFAB 1.4 0.9 2.3 45.6 0.0 45.7 58.8 1.2 60.0 - - - BOI 2.9 4.6 7.4 - - - 21.9 15.0 36.9 - 2.4 2.4 BOI BARMM ------11.3 3.0 14.3 CDC 28.0 5.0 33.0 - - - 0.5 3.7 4.2 1.0 12.4 13.4 CEZA 3.9 9.1 13.0 - 50.0 50.0 - 50.0 50.0 6.2 0.8 7.0 PEZA 466.2 3,059.3 3,525.5 3.9 8,350.2 8,354.1 79.2 3,386.5 3,465.7 25.9 3,162.1 3,187.9 SBMA - - - 0.3 - 0.3 0.0 1.0 1.0 1.8 1.2 3.0 Total 502.3 3,078.9 3,581.1 49.8 8,400.3 8,450.1 160.4 3,457.4 3,617.8 46.2 3,181.9 3,228.1 % Share to Total 14.0 86.0 100.0 0.6 99.4 100.0 4.4 95.6 100.0 1.4 98.6 100.0

Growth Rate (%) Agency Q4 2019-Q4 2020 Filipino Foreign Total

AFAB - - - BOI (100.0) (100.0) (100.0) BOI BARMM - - - CDC (98.2) (88.6) (91.8) CEZA (98.8) - (98.6) PEZA (86.4) (57.7) (58.4) SBMA (69.7) 16.8 (57.2) Total (100.0) (96.5) (98.5) Dash (-) is equivalent to zero

TABLE 12B Total Approved Foreign and Filipino Investments in the Information and Communication Technology (ICT) Industry: 2019 and 2020 (in million pesos)

Growth Rate (%) 2019 2020 Agency 2019 - 2020 Filipino Foreign Total Filipino Foreign Total Filipino Foreign Total

AFAB 11.9 5.1 17.1 105.8 2.1 107.9 787.4 (58.2) 533.0 BOI 300,428.1 218,673.9 519,102.0 24.8 22.0 46.8 (100.0) (100.0) (100.0) BOI BARMM - - - 11.3 3.0 14.3 - - - CDC 128.8 240.2 369.0 29.5 21.1 50.6 (77.1) (91.2) (86.3) CEZA 545.8 294.0 839.8 10.1 109.9 120.0 (98.1) (62.6) (85.7) PEZA 1,081.4 16,495.5 17,577.0 575.1 17,958.1 18,533.2 (46.8) 8.9 5.4 SBMA 7.4 17.8 25.2 2.2 2.1 4.3 (71.0) (88.0) (83.0) Total 302,203.5 235,726.6 537,930.1 758.8 18,118.4 18,877.1 (99.7) (92.3) (96.5) % Share to Total 56.2 43.8 100.0 4.0 96.0 100.0 Dash (-) is equivalent to zero .

Note: Details may not add up to totals due to rounding. Sources: Authority of the Freeport Area of Bataan (AFAB), Board of Investments (BOI), BOI-Bangsamoro Autonomous Region in Muslim Mindanao (BOI-BARMM), Clark Development Corporation (CDC), Cagayan Economic Zone Authority (CEZA), Philippine Economic Zone Authority (PEZA), and Subic Bay Metropolitan Authority (SBMA).

40 Approved Foreign Investments, Q4 2020

TABLE 13A Total Approved Foreign Investments in the Information and Communication Technology (ICT) and Non- ICT Industry by Investment Promotion Agency: First Quarter 2019 to Fourth Quarter 2020 (in million pesos)

2019 Agency 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 174.3 - 174.3 10.0 5.1 15.1 150.8 - 150.8 0.0 - 0.0 BOI 30,817.5 - 30,817.5 38,053.8 - 38,053.8 36,447.6 134,535.1 170,982.7 11,747.9 84,138.8 95,886.7 BOI BARMM ------306.8 - 306.8 0.0 - 0.0 CDC 359.0 22.0 381.0 478.2 0.2 478.4 44.3 108.6 152.9 135.5 109.3 244.8 CEZA 0.8 79.1 79.8 - 142.6 142.6 - 72.3 72.3 45.8 - 45.8 PEZA 9,095.2 3,873.9 12,969.1 7,750.2 2,766.0 10,516.2 7,919.8 2,374.3 10,294.1 7,994.5 7,481.3 15,475.8 SBMA 1,552.5 10.4 1,563.0 362.9 6.3 369.3 476.3 - 476.3 459.8 1.0 460.8 Total 41,999.3 3,985.4 45,984.7 46,655.1 2,920.3 49,575.4 45,345.6 137,090.3 182,436.0 20,383.5 91,730.5 112,114.0 % Share to Total 91.3 8.7 100.0 94.1 5.9 100.0 24.9 75.1 100.0 18.2 81.8 100.0

2020 Agency 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 - 0.9 0.9 - 0.0 0.0 - 1.2 1.2 393.0 - 393.0 BOI 13,358.6 4.6 13,363.2 5,258.0 - 5,258.0 10,615.7 15.0 10,630.7 18,476.4 2.4 18,478.8 BOI BARMM ------3.0 3.0 CDC 2,248.2 5.0 2,253.1 13.6 - 13.6 9.8 3.7 13.5 280.3 12.4 292.7 CEZA 1,090.5 9.1 1,099.6 7.5 50.0 57.5 - 50.0 50.0 52.8 0.8 53.6 PEZA 9,256.5 3,059.3 12,315.8 1,755.5 8,350.2 10,105.7 16,890.0 3,386.5 20,276.5 13,869.2 3,162.1 17,031.3 SBMA 110.5 - 110.5 25.8 - 25.8 59.5 1.0 60.5 233.0 1.2 234.2 Total 26,064.3 3,078.9 29,143.2 7,060.4 8,400.3 15,460.7 27,575.1 3,457.4 31,032.5 33,304.7 3,181.9 36,486.6 % Share to Total 89.4 10.6 100.0 45.7 54.3 100.0 88.9 11.1 100.0 91.3 8.7 100.0

Growth Rate (%) Agency Q4 2019-Q4 2020 Non-ICT ICT TOTAL

AFAB ** - ** BOI 57.3 (100.0) (80.7) BOI BARMM (100.0) - ** CDC 106.9 (88.6) 19.6 CEZA 15.3 - 16.9 PEZA 73.5 (57.7) 10.1 SBMA (49.3) 16.81 (49.2) Total 63.4 (96.5) (67.5) '**Growth rates greater than 1,000 Dash (-) is equivalent to zero TABLE 13B Total Approved Foreign Investment in the Information and Communication Technology (ICT) and Non- ICT Industry by Investment Promotion Agency: 2019 and 2020 (in million pesos)

Growth Rate (%) 2019 2020 Agency 2019 - 2020 Non-ICT ICT TOTAL Non-ICT ICT TOTAL Non-ICT ICT TOTAL

AFAB 335.1 5.1 340.2 393.0 2.1 395.1 17.3 (58.2) 16.1 BOI 117,066.8 218,673.9 335,740.7 47,708.7 22.0 47,730.7 (59.2) (100.0) (85.8) BOI BARMM 306.9 - 306.9 - 3.0 3.0 (100.0) - (99.0) CDC 1,016.9 240.2 1,257.1 2,551.9 21.1 2,573.0 151.0 (91.2) 104.7 CEZA 46.6 294.0 340.6 1,150.8 109.9 1,260.7 ** (62.6) 270.1 PEZA 32,759.7 16,495.5 49,255.3 41,771.3 17,958.1 59,729.4 27.5 8.9 21.3 SBMA 2,851.5 17.8 2,869.3 428.8 2.1 431.0 (85.0) (88.0) (85.0) Total 154,383.5 235,726.6 390,110.1 94,004.5 18,118.4 112,122.9 (39.1) (92.3) (71.3) % Share to Total 39.6 60.4 100.0 83.8 16.2 100.0 '**Growth rates greater than 1,000 Dash (-) is equivalent to zero

Note: Details may not add up to totals due to rounding. Sources: Authority of the Freeport Area of Bataan (AFAB), Board of Investments (BOI), BOI-Bangsamoro Autonomous Region in Muslim Mindanao (BOI-BARMM), Clark Development Corporation (CDC), Cagayan Economic Zone Authority (CEZA), Philippine Economic Zone Authority (PEZA), and Subic Bay Metropolitan Authority (SBMA).

41 Approved Foreign Investments, Q4 2020

TABLE 14A Total Approved Foreign and Filipino Investments in the Information and Communication Technology (ICT) Industry by Sub-Industry: First Quarter 2019 to Fourth Quarter 2020 (in million pesos)

2019 Sub-industry 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Filipino Foreign Total Filipino Foreign Total Filipino Foreign Total Filipino Foreign Total

Information and 33,168.6 467.9 33,636.6 51.4 120.0 171.4 141,137.2 134,505.2 275,642.4 126,019.7 84,240.6 210,260.2 Communication IT Services 171.9 3,517.4 3,689.3 658.2 2,800.2 3,458.4 137.7 2,585.1 2,722.8 858.7 7,490.0 8,348.7 Manufacturing - - - 0.0 0.2 0.2 ------Trade ------Total 33,340.5 3,985.4 37,325.9 709.7 2,920.3 3,630.0 141,274.9 137,090.3 278,365.2 126,878.4 91,730.5 218,608.9 % Share to Total 89.3 10.7 100.0 19.6 80.4 100.0 50.8 49.2 100.0 58.0 42.0 100.0

2020 Sub-industry 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Filipino Foreign Total Filipino Foreign Total Filipino Foreign Total Filipino Foreign Total

Information and 1.4 85.1 86.5 49.5 139.7 189.2 9.4 170.5 179.9 13.7 65.0 78.7 Communication IT Services 500.9 2,993.7 3,494.7 0.4 8,260.6 8,260.9 151.0 3,266.7 3,417.7 32.5 3,116.8 3,149.4 Manufacturing ------Trade ------20.1 20.1 - - - Total 502.3 3,078.9 3,581.1 49.8 8,400.3 8,450.1 160.4 3,457.4 3,617.8 46.2 3,181.9 3,228.1 % Share to Total 14.0 86.0 100.0 0.6 99.4 100.0 4.4 95.6 100.0 1.4 98.6 100.0

Growth Rate (%) Sub-industry Q4 2019-Q4 2020 Filipino Foreign Total

Information and (100.0) (99.9) (100.0) Communication IT Services (96.2) (58.4) (62.3) Manufacturing - - - Trade - - - Total (100.0) (96.5) (98.5) Dash (-) is equivalent to zero

TABLE 14B Total Approved Foreign and Filipino Investments in the Information and Communications Technology (ICT) Industry by Sub-Industry: 2019 and 2020 (in million pesos)

Growth Rate (%) 2019 2020 Sub-industry 2019 - 2020 Filipino Foreign Total Filipino Foreign Total Filipino Foreign Total

Information and 300,376.9 219,333.7 519,710.6 73.9 460.4 534.3 (100.0) (99.8) (99.9) Communication IT Services 1,826.6 16,392.7 18,219.3 684.8 17,637.8 18,322.7 (62.5) 7.6 0.6 Manufacturing 0.0 0.2 0.2 - - - (100.0) (100.0) (100.0) Trade - - - - 20.1 20.1 0.0 0.0 0.0 Total 302,203.5 235,726.6 537,930.1 758.8 18,118.4 18,877.1 (99.7) (92.3) (96.5) % Share to Total 56.2 43.8 100.0 4.0 96.0 100.0 Dash (-) is equivalent to zero Note: Details may not add up to totals due to rounding. Sources: Authority of the Freeport Area of Bataan (AFAB), Board of Investments (BOI), BOI-Bangsamoro Autonomous Region in Muslim Mindanao (BOI-BARMM), Clark Development Corporation (CDC), Cagayan Economic Zone Authority (CEZA), Philippine Economic Zone Authority (PEZA), and Subic Bay Metropolitan Authority (SBMA).

42 Approved Foreign Investments, Q4 2020

TABLE 15A Projected Employment from Approved Foreign and Filipino Investments in the Information and Communications Technology (ICT) by Sub-Industry: First Quarter 2019 to Fourth Quarter 2020

2019 2020 Percent to Growth Rate (%) Sub-industry Total Q4 2019 - Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total Q4 2020 Q4 2020

Information and 1,643 380 13,961 4,694 20,678 212 243 721 534 1,710 5.4 (88.6) Communication IT Services 14,131 9,751 16,944 18,068 58,894 6,472 11,013 10,167 9,404 37,056 94.6 (48.0) Manufacturing ------0.0 Trade ------46 - 46 - 0.0 Total 15,774 10,131 30,905 22,762 79,572 6,684 11,256 10,934 9,938 38,812 100.0 (56.3) Dash (-) is equivalent to zero

TABLE 15B Projected Employment from Approved Foreign and Filipino Investments in the Information and Communications Technology (ICT) by Sub-Industry: 2019 and 2020

Approved FI Percent to Growth Rate (%) Sub-industry Total 2020 2019 - 2020 2019 2020

Information and 20,678 1,710 4.4 (91.7) Communication IT Services 58,894 37,056 95.5 (37.1) Manufacturing - - - 0.0 Trade - 46 0.1 0.0 Total 79,572 38,812 100.0 (51.2) Dash (-) is equivalent to zero Note: Details may not add up to totals due to rounding. Sources: Authority of the Freeport Area of Bataan (AFAB), Board of Investments (BOI), BOI-Bangsamoro Autonomous Region in Muslim Mindanao (BOI-BARMM), Clark Development Corporation (CDC), Cagayan Economic Zone Authority (CEZA), Philippine Economic Zone Authority (PEZA), and Subic Bay Metropolitan Authority (SBMA).

43

PHILIPPINE STATISTICS AUTHORITY

DENNIS S. MAPA, Ph.D. Undersecretary National Statistician and Civil Registrar General

ROSALINDA P. BAUTISTA Assistant Secretary Deputy National Statistician Sectoral Statistics Office

VIVIAN R. ILARINA Assistant National Statistician Macroeconomic Accounts Service

SATELLITE ACCOUNTS DIVISION

GERALD JUNNE L. CLARIÑO Chief Statistical Specialist Satellite Accounts Division

Technical Staff ALMA S. BELLO STEPHANIE ROSE R. MOSCOSO CARLYN C. PALENCIA KRISTINA B. YASOÑA MICHELLE FATIMA T. CARANAY JOHN LIBBY A. PIO PRECIOUS JOY B. PAGULAYAN