Economy | PH Approved Foreign Investments by Region (2024)

 

🇵🇭 Approved Foreign Investments by Region (2024)

1. CALABARZON (Cavite, Laguna, Batangas, Rizal, Quezon)

• Total Approved Investments: Approximately ₱195.67 billion

• Share of National Total: Around 36%

• Highlights: CALABARZON maintained its position as the top region for foreign investments, driven by its robust infrastructure, proximity to Metro Manila, and established industrial zones.

2. Negros Island Region

• Total Approved Investments: ₱86.46 billion

• Share of National Total: Approximately 45.6% in Q2 2024

• Highlights: This region saw a significant influx of investments, particularly in the energy sector, accounting for 91.2% of the total approved foreign investments in the second quarter.

3. Central Luzon

• Total Approved Investments: ₱14.90 billion

• Share of National Total: 53.3% in Q1 2024

• Highlights: Central Luzon attracted substantial investments, with a significant portion directed towards the electricity, gas, steam, and air conditioning supply industry. manilastandard.net

4. Central Visayas

• Total Approved Investments: ₱4.35 billion

• Share of National Total: Approximately 2.3% in Q2 2024

• Highlights: The region continued to be a hub for investments, particularly in the manufacturing and administrative support service sectors.

5. National Capital Region (NCR)

• Total Approved Investments: ₱12.86 billion

• Share of National Total: Approximately 24.2% in Q4 2024

• Highlights: Metro Manila remained a focal point for investments, with significant contributions from various sectors, including manufacturing and real estate activities.

6. Bicol Region

• Total Approved Investments: ₱51.84 billion

• Share of National Total: 35.3% in Q3 2024

• Highlights: Bicol experienced a surge in investment pledges, particularly in the manufacturing and energy sectors.

7. Eastern Visayas

• Total Approved Investments: ₱108.30 billion

• Share of National Total: 27.5% in Q3 2024

• Highlights: The region saw increased investment activities, especially in the energy and manufacturing sectors. malaya.com.ph

8. Ilocos Region

• Total Approved Investments: ₱58.52 billion

• Share of National Total: 14.8% in Q3 2024

• Highlights: Ilocos attracted significant investments, particularly in the manufacturing and real estate sectors.

9. Cagayan Valley

• Total Approved Investments: Data not specified in the available reports.

• Highlights: Specific figures for Cagayan Valley were not detailed in the available data.

10. MIMAROPA (Mindoro, Marinduque, Romblon, Palawan)

• Total Approved Investments: Data not specified in the available reports.

• Highlights: Specific figures for MIMAROPA were not detailed in the available data.

11. Zamboanga Peninsula

• Total Approved Investments: Data not specified in the available reports.

• Highlights: Specific figures for Zamboanga Peninsula were not detailed in the available data.

12. Northern Mindanao

• Total Approved Investments: Data not specified in the available reports.

• Highlights: Specific figures for Northern Mindanao were not detailed in the available data.

13. Davao Region

• Total Approved Investments: Data not specified in the available reports.

• Highlights: Specific figures for Davao Region were not detailed in the available data.

14. SOCCSKSARGEN

• Total Approved Investments: Data not specified in the available reports.

• Highlights: Specific figures for SOCCSKSARGEN were not detailed in the available data.

15. Caraga

• Total Approved Investments: Data not specified in the available reports.

• Highlights: Specific figures for Caraga were not detailed in the available data.

16. BARMM (Bangsamoro Autonomous Region in Muslim Mindanao)

• Total Approved Investments: ₱86.66 million

• Share of National Total: Data not specified in the available reports.

• Highlights: BOI-BARMM approved ₱86.66 million worth of commitments in 2024. psa.gov.ph+5bworldonline.com+5bworldonline.com+5

17. Cordillera Administrative Region (CAR)

• Total Approved Investments: Data not specified in the available reports.

• Highlights: Specific figures for CAR were not detailed in the available data.

18. Other Regions

• Total Approved Investments: Data not specified in the available reports.

• Highlights: Specific figures for other regions were not detailed in the available data.

🔍 Sectoral Overview

• Energy Sector: Dominated foreign investment pledges, particularly in the second quarter, accounting for over 90% of the total approved investments in that period.

• Manufacturing Sector: Consistently attracted significant investments across various regions, contributing to job creation and economic growth.

• Administrative and Support Services: Saw increased foreign investments, especially in regions like Central Visayas and NCR.

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📈 Employment Impact

The approved investments in 2024 are expected to generate substantial employment opportunities across the country. For instance, in the second quarter of 2024, the approved investments were projected to create 26,915 jobs, with a significant portion attributed to foreign investment projects.

News | No More Spaghetti Wires: Iloilo City Embraces Modernization with Underground Power Lines

Iloilo City is taking a giant leap forward in urban development with the implementation of the Hybrid Underground Distribution System (HUDS) by MORE Power. This forward-thinking initiative aims to eliminate the clutter of overhead wires that have long plagued the city, especially in historical areas like Calle Real. The result? Safer, cleaner streets that are more visually appealing, while preserving the unique charm of Iloilo’s heritage.

Why It Matters:

The HUDS project is not just about removing unsightly wires. It’s about creating a more organized, sustainable, and visually pleasing urban environment for everyone—residents and visitors alike. Calle Real, a historic district, will benefit greatly from the project, as it can now retain its old-world character while embracing modern infrastructure.

Iloilo Leads the Way:

What makes this initiative even more remarkable is that Iloilo City is the first in Western Visayas to implement the HUDS. By adopting this system, Iloilo sets a strong example of how cities can blend modernization with heritage preservation, offering a glimpse of how the future of urban living can look.

A Safer, More Sustainable Future:

Beyond aesthetics, the underground power lines contribute to the safety and long-term sustainability of the area. With fewer exposed wires, the risk of accidents, especially during storms or other extreme weather, is significantly reduced. The move also reduces maintenance costs in the long run and ensures that power distribution is more reliable.

As Iloilo continues to grow and modernize, the HUDS project marks a significant milestone in shaping the city’s future—one that is both safer and more organized, all while honoring its rich cultural past. It’s a win-win for the Ilonggos, and a shining example for other cities to follow.

PRESIDENT BONGBONG MARCOS SIGNED 2 RA ( NIR Act and RPVARA )

The provinces of Negros Occidental, Negros Oriental, and Siquijor will now be under one administrative region after President Bongbong Marcos Jr. signed Republic Act (RA) No. 12000 or the Negros Island Region (NIR) Act on Thursday, June 13.

He also signed the Real Property Valuation and Assessment Reform Act (RPVARA). It aims to modernized the Real Property Valuation system in order to have a good collection of tax so that it can helps more Filipino.

Photos credit to Presidential Communication Office