Philippines a top foreign investment destination with 613% surge in approved investments - IQI Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/iqiglobal.com\/blog\/philippines-a-top-foreign-investment-destination-with-613-surge-in-approved-investments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Philippines a top foreign investment destination with 613% surge in approved investments\" \/>\n<meta property=\"og:description\" content=\"MANILA, Philippines, Nov. 22, 2019 \/PRNewswire\/ — New data has unveiled a surge in BOI approved foreign investments which are expected to flow into the Philippines over the next 2-3 years. These initiatives have made the Philippines a top investment destination, largely attributable to its continuing digital transformation and combined information and communications technology (ICT)…\" \/>\n<meta property=\"og:url\" content=\"https:\/\/iqiglobal.com\/blog\/philippines-a-top-foreign-investment-destination-with-613-surge-in-approved-investments\/\" \/>\n<meta property=\"og:site_name\" content=\"IQI Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/IqiGlobal\" \/>\n<meta property=\"article:published_time\" content=\"2019-11-22T07:45:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/iqiglobal-web-revamp.s3.ap-southeast-1.amazonaws.com\/wp\/blog\/wp-content\/uploads\/2023\/05\/iqi-placeholder.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"750\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Contributor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@IQIGlobal\" \/>\n<meta name=\"twitter:site\" content=\"@IQIGlobal\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Contributor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/iqiglobal.com\/blog\/philippines-a-top-foreign-investment-destination-with-613-surge-in-approved-investments\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/iqiglobal.com\/blog\/philippines-a-top-foreign-investment-destination-with-613-surge-in-approved-investments\/\"},\"author\":{\"name\":\"Contributor\",\"@id\":\"https:\/\/iqiglobal.com\/blog\/#\/schema\/person\/9bb06f7ba83a2e49595138eb13403285\"},\"headline\":\"Philippines a top foreign investment destination with 613% surge in approved investments\",\"datePublished\":\"2019-11-22T07:45:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/iqiglobal.com\/blog\/philippines-a-top-foreign-investment-destination-with-613-surge-in-approved-investments\/\"},\"wordCount\":444,\"publisher\":{\"@id\":\"https:\/\/iqiglobal.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/iqiglobal.com\/blog\/philippines-a-top-foreign-investment-destination-with-613-surge-in-approved-investments\/#primaryimage\"},\"thumbnailUrl\":\"\",\"articleSection\":[\"News & Event\",\"Philippines\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/iqiglobal.com\/blog\/philippines-a-top-foreign-investment-destination-with-613-surge-in-approved-investments\/\",\"url\":\"https:\/\/iqiglobal.com\/blog\/philippines-a-top-foreign-investment-destination-with-613-surge-in-approved-investments\/\",\"name\":\"Philippines a top foreign investment destination with 613% surge in approved investments - IQI Blog\",\"isPartOf\":{\"@id\":\"https:\/\/iqiglobal.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/iqiglobal.com\/blog\/philippines-a-top-foreign-investment-destination-with-613-surge-in-approved-investments\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/iqiglobal.com\/blog\/philippines-a-top-foreign-investment-destination-with-613-surge-in-approved-investments\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2019-11-22T07:45:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/iqiglobal.com\/blog\/philippines-a-top-foreign-investment-destination-with-613-surge-in-approved-investments\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/iqiglobal.com\/blog\/philippines-a-top-foreign-investment-destination-with-613-surge-in-approved-investments\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/iqiglobal.com\/blog\/philippines-a-top-foreign-investment-destination-with-613-surge-in-approved-investments\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/iqiglobal.com\/blog\/philippines-a-top-foreign-investment-destination-with-613-surge-in-approved-investments\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/iqiglobal.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Philippines a top foreign investment destination with 613% surge in approved investments\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/iqiglobal.com\/blog\/#website\",\"url\":\"https:\/\/iqiglobal.com\/blog\/\",\"name\":\"IQI Blog\",\"description\":\"Your Source for Property Investment, Tips, and Career\",\"publisher\":{\"@id\":\"https:\/\/iqiglobal.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/iqiglobal.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/iqiglobal.com\/blog\/#organization\",\"name\":\"IQI Global\",\"url\":\"https:\/\/iqiglobal.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/iqiglobal.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/iqiglobal-web-revamp.s3.amazonaws.com\/wp\/blog\/wp-content\/uploads\/2023\/03\/cropped-iqi-global-logo.png\",\"contentUrl\":\"https:\/\/iqiglobal-web-revamp.s3.amazonaws.com\/wp\/blog\/wp-content\/uploads\/2023\/03\/cropped-iqi-global-logo.png\",\"width\":480,\"height\":180,\"caption\":\"IQI Global\"},\"image\":{\"@id\":\"https:\/\/iqiglobal.com\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/IqiGlobal\",\"https:\/\/x.com\/IQIGlobal\",\"https:\/\/www.instagram.com\/iqiglobal\/\",\"https:\/\/tiktok.com\/@iqiglobal?lang=en\",\"https:\/\/www.linkedin.com\/company\/iqi-group\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/iqiglobal.com\/blog\/#\/schema\/person\/9bb06f7ba83a2e49595138eb13403285\",\"name\":\"Contributor\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/iqiglobal.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/d656e679bd888f41aab85d52a4613c808bc922d28df096f985f73546feeb1d53?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/d656e679bd888f41aab85d52a4613c808bc922d28df096f985f73546feeb1d53?s=96&d=mm&r=g\",\"caption\":\"Contributor\"},\"url\":\"https:\/\/iqiglobal.com\/blog\/author\/contributor\/\"}]}<\/script>\n","yoast_head_json":{"title":"Philippines a top foreign investment destination with 613% surge in approved investments - IQI Blog","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/iqiglobal.com\/blog\/philippines-a-top-foreign-investment-destination-with-613-surge-in-approved-investments\/","og_locale":"en_US","og_type":"article","og_title":"Philippines a top foreign investment destination with 613% surge in approved investments","og_description":"MANILA, Philippines, Nov. 22, 2019 \/PRNewswire\/ — New data has unveiled a surge in BOI approved foreign investments which are expected to flow into the Philippines over the next 2-3 years. These initiatives have made the Philippines a top investment destination, largely attributable to its continuing digital transformation and combined information and communications technology (ICT)…","og_url":"https:\/\/iqiglobal.com\/blog\/philippines-a-top-foreign-investment-destination-with-613-surge-in-approved-investments\/","og_site_name":"IQI Blog","article_publisher":"https:\/\/www.facebook.com\/IqiGlobal","article_published_time":"2019-11-22T07:45:00+00:00","og_image":[{"width":750,"height":750,"url":"https:\/\/iqiglobal-web-revamp.s3.ap-southeast-1.amazonaws.com\/wp\/blog\/wp-content\/uploads\/2023\/05\/iqi-placeholder.jpg","type":"image\/jpeg"}],"author":"Contributor","twitter_card":"summary_large_image","twitter_creator":"@IQIGlobal","twitter_site":"@IQIGlobal","twitter_misc":{"Written by":"Contributor","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/iqiglobal.com\/blog\/philippines-a-top-foreign-investment-destination-with-613-surge-in-approved-investments\/#article","isPartOf":{"@id":"https:\/\/iqiglobal.com\/blog\/philippines-a-top-foreign-investment-destination-with-613-surge-in-approved-investments\/"},"author":{"name":"Contributor","@id":"https:\/\/iqiglobal.com\/blog\/#\/schema\/person\/9bb06f7ba83a2e49595138eb13403285"},"headline":"Philippines a top foreign investment destination with 613% surge in approved investments","datePublished":"2019-11-22T07:45:00+00:00","mainEntityOfPage":{"@id":"https:\/\/iqiglobal.com\/blog\/philippines-a-top-foreign-investment-destination-with-613-surge-in-approved-investments\/"},"wordCount":444,"publisher":{"@id":"https:\/\/iqiglobal.com\/blog\/#organization"},"image":{"@id":"https:\/\/iqiglobal.com\/blog\/philippines-a-top-foreign-investment-destination-with-613-surge-in-approved-investments\/#primaryimage"},"thumbnailUrl":"","articleSection":["News & Event","Philippines"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/iqiglobal.com\/blog\/philippines-a-top-foreign-investment-destination-with-613-surge-in-approved-investments\/","url":"https:\/\/iqiglobal.com\/blog\/philippines-a-top-foreign-investment-destination-with-613-surge-in-approved-investments\/","name":"Philippines a top foreign investment destination with 613% surge in approved investments - IQI Blog","isPartOf":{"@id":"https:\/\/iqiglobal.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/iqiglobal.com\/blog\/philippines-a-top-foreign-investment-destination-with-613-surge-in-approved-investments\/#primaryimage"},"image":{"@id":"https:\/\/iqiglobal.com\/blog\/philippines-a-top-foreign-investment-destination-with-613-surge-in-approved-investments\/#primaryimage"},"thumbnailUrl":"","datePublished":"2019-11-22T07:45:00+00:00","breadcrumb":{"@id":"https:\/\/iqiglobal.com\/blog\/philippines-a-top-foreign-investment-destination-with-613-surge-in-approved-investments\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/iqiglobal.com\/blog\/philippines-a-top-foreign-investment-destination-with-613-surge-in-approved-investments\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/iqiglobal.com\/blog\/philippines-a-top-foreign-investment-destination-with-613-surge-in-approved-investments\/#primaryimage","url":"","contentUrl":""},{"@type":"BreadcrumbList","@id":"https:\/\/iqiglobal.com\/blog\/philippines-a-top-foreign-investment-destination-with-613-surge-in-approved-investments\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/iqiglobal.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Philippines a top foreign investment destination with 613% surge in approved investments"}]},{"@type":"WebSite","@id":"https:\/\/iqiglobal.com\/blog\/#website","url":"https:\/\/iqiglobal.com\/blog\/","name":"IQI Blog","description":"Your Source for Property Investment, Tips, and Career","publisher":{"@id":"https:\/\/iqiglobal.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/iqiglobal.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/iqiglobal.com\/blog\/#organization","name":"IQI Global","url":"https:\/\/iqiglobal.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/iqiglobal.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/iqiglobal-web-revamp.s3.amazonaws.com\/wp\/blog\/wp-content\/uploads\/2023\/03\/cropped-iqi-global-logo.png","contentUrl":"https:\/\/iqiglobal-web-revamp.s3.amazonaws.com\/wp\/blog\/wp-content\/uploads\/2023\/03\/cropped-iqi-global-logo.png","width":480,"height":180,"caption":"IQI Global"},"image":{"@id":"https:\/\/iqiglobal.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/IqiGlobal","https:\/\/x.com\/IQIGlobal","https:\/\/www.instagram.com\/iqiglobal\/","https:\/\/tiktok.com\/@iqiglobal?lang=en","https:\/\/www.linkedin.com\/company\/iqi-group\/"]},{"@type":"Person","@id":"https:\/\/iqiglobal.com\/blog\/#\/schema\/person\/9bb06f7ba83a2e49595138eb13403285","name":"Contributor","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/iqiglobal.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/d656e679bd888f41aab85d52a4613c808bc922d28df096f985f73546feeb1d53?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/d656e679bd888f41aab85d52a4613c808bc922d28df096f985f73546feeb1d53?s=96&d=mm&r=g","caption":"Contributor"},"url":"https:\/\/iqiglobal.com\/blog\/author\/contributor\/"}]}},"_links":{"self":[{"href":"https:\/\/iqiglobal.com\/blog\/wp-json\/wp\/v2\/posts\/12670","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/iqiglobal.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/iqiglobal.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/iqiglobal.com\/blog\/wp-json\/wp\/v2\/users\/92"}],"replies":[{"embeddable":true,"href":"https:\/\/iqiglobal.com\/blog\/wp-json\/wp\/v2\/comments?post=12670"}],"version-history":[{"count":0,"href":"https:\/\/iqiglobal.com\/blog\/wp-json\/wp\/v2\/posts\/12670\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/iqiglobal.com\/blog\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/iqiglobal.com\/blog\/wp-json\/wp\/v2\/media?parent=12670"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iqiglobal.com\/blog\/wp-json\/wp\/v2\/categories?post=12670"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iqiglobal.com\/blog\/wp-json\/wp\/v2\/tags?post=12670"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}

{"id":12670,"date":"2019-11-22T15:45:00","date_gmt":"2019-11-22T07:45:00","guid":{"rendered":"http:\/\/www.prnasia.com\/story\/archive\/2846570_AE46570_0"},"modified":"2019-11-22T15:45:00","modified_gmt":"2019-11-22T07:45:00","slug":"philippines-a-top-foreign-investment-destination-with-613-surge-in-approved-investments","status":"publish","type":"post","link":"https:\/\/iqiglobal.com\/blog\/philippines-a-top-foreign-investment-destination-with-613-surge-in-approved-investments\/","title":{"rendered":"Philippines a top foreign investment destination with 613% surge in approved investments"},"content":{"rendered":"\n

MANILA, Philippines<\/span>, Nov. 22, 2019<\/span> \/PRNewswire\/ — New data has unveiled a surge in BOI approved foreign investments which are expected to flow into the Philippines<\/span> over the next 2-3 years.<\/p>\n

These initiatives have made the Philippines<\/span> a top investment destination, largely attributable to its continuing digital transformation and combined information and communications technology (ICT) and infrastructure efforts.<\/p>\n

Approved foreign investments by the end of September 2019<\/span> reached USD4.7<\/span> billion, a 613% rise from USD659<\/span> million in the same period in 2018, BOI figures show. Investment approvals as of September 2019<\/span> totaled USD15<\/span> billion, a 105% jump from USD7.31<\/span> billion in the same period of the previous year. <\/p>\n

The tourism sector also continues to rise with USD186.3<\/span> million worth of hotel and accommodation projects, while manufacturing is seeing consistent growth of USD1.24<\/span> billion of approvals, a 190% increase on last year. <\/p>\n

Trade and Industry Secretary and BOI chairman Ramon M. Lopez<\/span> applauded the results, commenting: “This data shows that big-ticket projects are now rolling in, proving the strength and resilience of the Philippines<\/span> economy in attracting foreign investors despite the global slowdown. <\/p>\n

“The results are a testament to the Philippines<\/span> as a great place for foreign investment where business can thrive.” <\/p>\n

Explore investment opportunities in the Philippines<\/span><\/b><\/p>\n

Investors can explore business opportunities in the Philippines<\/span> at Invest ASEAN 2019 in Busan, South Korea<\/span> on November 25-26<\/span> where the BOI will represent the country considered by the US News and World Report in 2018 as the best to invest in.<\/p>\n

At this event, BOI will showcase opportunities in specific priority sectors: manufacturing, specifically electric vehicle and auto parts; infrastructure and construction; and tourism.<\/p>\n

“This growth, together with a suite of incentives such as tax holidays and exemptions from duties on imported spare parts makes the Philippines<\/span> an enviable investment destination and one-stop-shop for business within Asia<\/span> and beyond,” added Lopez. <\/p>\n

For interview opportunities with BOI representatives in the run-up to and during Invest ASEAN 2019, please contact Lanie Dormiendo (LODormiendo@boi.gov.ph<\/a><\/u>) and visit the BOI stand at the Philippines<\/span> pavilion.<\/p>\n

For more information on investment activities and prospects in the Philippines<\/span>, please visit the Philippines<\/span> Board of Investments website at https:\/\/www.boi.gov.ph<\/a><\/u><\/p>\n

About the Philippine Board of Investments<\/b><\/p>\n

The Philippine Board of Investments (BOI), an attached agency of the Department of Trade and Industry (DTI), is the lead government agency responsible for the promotion of investments in the Philippines<\/span>. Taking the lead in the promotion of investments, BOI assists Filipino and foreign investors to venture and prosper in desirable areas of economic activities. More information about investment opportunities in the Philippines<\/span>, <\/span>visit boi.gov.ph<\/a><\/u> or call (+632)8897-6682.<\/p>\n<\/body><\/html>\n","protected":false},"excerpt":{"rendered":"