Philippines Investment Climate and Opportunities CEPA Forum (translated).ppt

Just between BOI and PEZA and not including the other Investment Promotion Agencies, investment registrations in 2011 exceeded P 650 Billion. With P182 Billion of infrastructure investments programmed for 2012, we are close to a trillion pesos of new productive capital. * The top 10 source of IPA-approved investments are: (read the slide …) For the period January to December 2011, the hefty investments of PhP 77.4 billion pledged by Japan placed it at number one, with a share of 30.2 percent, followed by the USA, committing PhP 70.4 billion or 27.5 percent, and the Netherlands cutting in PhP 28.3 billion or 11.1 percent. Compared to their year-ago pledges, Japan and USA recorded increases with the USA posting the highest increase, from PhP 13.1 billion to PhP 70.4 billion. The large amount of investment commitments poured into the manufacturing industry in all quarters of 2011 placed it at top post, receiving the highest pledges worth PhP 142.3 billion or 55.5 percent of total FDI during the period. However, pledges in manufacturing declined by 12.7 percent from PhP 162.9 billion in the same period the previous year. * * Outstanding loans of universal and commercial banks in the country amounted to P2.79 trillion by the end of 2011, up by 19.3% from last year. As of end-November 2011, the non-performing loans (NPL) ratio of universal and commercial banks (U/KBs) further improved to 2.39%. This ratio was lower by 0.67 percentage point from year ago’s 3.06% ratio. In the midst of weaker global economic prospects, robust credit growth should provide adequate support to domestic production, investment, and spending. * Revenue collection effort for taxes and customs duties are now much more efficient as reflected by the declining budget deficit. The government’s P96.3 billion deficit in Jan-Nov 2011 was 64.3% lower than last year’s, while the 2012 budget puts the government on track for a reduced deficit at 2.0% of GDP by 2013. * 9. Improving Global Competiti