Manufacturing accounted for P78.81 billion, or 68.4 percent of total foreign investment pledges on projects approved in this year’s second quarter.
Most of the investment pledges approved in the second quarter of the year were for projects in the Philippine manufacturing sector.
Photograph courtesy of ASEAN Briefing
Foreign investment pledges surged 68.2 percent year-on-year to P115.20 billion in the second quarter of 2026, from P68.48 billion a year earlier, with manufacturing attracting the bulk of approved foreign capital, according to the Philippine Statistics Authority (PSA).
Manufacturing accounted for P78.81 billion, or 68.4 percent of total foreign investment approvals during the quarter. Real estate activities followed with P11.09 billion, or 9.6 percent, while electricity, gas, steam and air-conditioning supply all accounted for P8.81 billion, or 7.7 percent.
Biggest source of foreign investment pledges
The Netherlands emerged as the biggest source of foreign investment pledges for the period at P50.74 billion, or 44 percent of the total. Germany followed with P18.05 billion, or 15.7 percent, and Singapore with P9.95 billion, or 8.6 percent.
Among regions, the Cordillera Administrative Region secured the largest share at P55.74 billion, or 48.4 percent of total approved foreign investments. Central Luzon followed with P36.81 billion, or 32 percent, while CALABARZON received P14.75 billion, or 12.8 percent.
Overall approved investments from both foreign and Filipino investors reached P541.51 billion, up 73.1 percent from P312.87 billion in the same quarter last year.
Filipino investors
Filipino investors accounted for the bulk of the total at P426.31 billion, or 78.7 percent.
Electricity, gas, steam and air-conditioning supply led all industries with P321.06 billion, or 59.3 percent, followed by manufacturing at P98.06 billion and real estate at P49.38 billion.
Despite the strong investment growth, the approved projects which are expected to generate 32,167 jobs, are down 21.9 percent from the 41,203 jobs projected a year earlier.
Foreign-backed projects are expected to account for 27,266 jobs, or 84.8 percent of the total.
