THE Netherlands is the Philippines' biggest investor in the first quarter of 2017 registering P6.2 billion in approved investments according to recent data released by the Philippine Statistics Authority (PSA).
Data showed that 94 percent of Dutch companies have invested in the manufacturing sector at P5.85 billion, which is massive increase from the P64.8 million invested in the same sector in the first quarter of 2016.
The remaining 6 percent of the total approved investments of the Dutch are into the administrative and support service activities.
Singapore came in second with the largest approved investments to the Philippines during the first quarter of 2017 at P4.3 billion, which is an increase from P2.5 billion in the same period last year.
Bulk of the investments from Singapore are into manufacturing at P3.9 billion, followed by administrative and support service activities (P268.4 million); wholesale and retail trade, repair of motor vehicles and motorcycles (P37.2 million); professional, scientific, and technical activities (P15 million); and information and communication (P2.7 million).
The third biggest investor in the country for the first quarter of 2017 is the United Kingdom with total approved investments at P3.63 billion, which is a 97 percent increased from P1.84 billion in the same period last year.
British investors are investing some P3.62 billion in the manufacturing industry. Other areas of investment are professional, scientific, and technical activities (P8.1 million); administrative and support service activities (P2.1 million); and accommodation and food service activities (P0.1 million).
Rounding up the five countries with the highest total of approved investments are the United States (P2.43 billion) and other countries (P1.89 billion).
Also among the ten countries with the highest total of approved investments are South Korea (P739.6 million), Japan (P644.2 million), Denmark (P366 million), Cayman Islands (P354.7 million), and Taiwan (P351.9 million).
Recently, PSA reported that total foreign investments approved in the first quarter of 2017 decreased by 12.8 percent to 22.9 billion from P26.2 billion in the same period last year.
"Manufacturing bested all other industries as it stands to receive 65.6 percent of total foreign investment pledges or P15 billion. Administrative and Support Service Activities came in second, with investment commitments valued at P3.5 billion, or 15.4 percent of the total foreign investments. Real Estate Activities followed with P3.4 billion," PSA said in a statement.