STATISTICS OF FOREIGN DIRECT INVESTMENT IN ASEAN

Transcription

1 STATISTICS OF FOREIGN DIRECT INVESTMENT IN ASEAN Eighth Edition, 2006 ASEAN SECRETARIAT

2 The Association of Southeast Asian Nations (ASEAN) was established on 8 August The Members of the Association are Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, Philippines, Singapore, Thailand and Viet Nam. The ASEAN Secretariat is based in Jakarta, Indonesia. For inquiries, contact: Public Affairs Office The ASEAN Secretariat 70A Jalan Sisingamangaraja Jakarta Indonesia Phone : (62 21) , Fax : (62 21) , public@aseansec.org General information on ASEAN appears on-line at the ASEAN Website: Catalogue-in-Publication Data Statistics of Foreign Direct Investment in ASEAN 8 th Edition, 2006 Jakarta: ASEAN Secretariat, November 2006 xv, 377p; 29.7cm 1. Investment, foreign - ASEAN - Statistics 2. Foreign direct investment - Statistics - ASEAN ISBN X Printed in Indonesia The text of this publication may be freely quoted or reprinted with proper acknowledgement. Copyright ASEAN Secretariat 2006 All rights reserved ii STATISTICS OF FOREIGN DIRECT INVESTMENT IN ASEAN

3 ACKNOWLEDGEMENTS Statistics of Foreign Direct Investment in ASEAN is an output of the activities of the Working Group on Foreign Direct Investment Statistics in ASEAN. This edition was prepared by the ASEAN Secretariat with a team consisting of Raul L. Cordenillo, Hilvy Hanriany and Okti Zendra at the Investment and Enterprise Unit. Support from Mr. S. Pushpanathan, Principal Director and Mr. Honorio R. Vitasa, Director, Agriculture and Infrastructure Cluster of the Bureau for Economic Integration and Finance of the ASEAN Secretariat, is acknowledged and very much appreciated. The following ASEAN FDI statisticians from the ASEAN Central Banks, Investment Agencies and Central Statistical Offices played an instrumental role in the publication of Statistics of Foreign Direct Investment in ASEAN: Eighth Edition, 2006 : Brunei Darussalam: Fatimah Abdul Hamid, Awang Gemok bin Hj. Ghani, Hajjah Salmah Hj. Mohammad; Cambodia: Tann Sokhann, Sorn Dydenyn, Indonesia: Yulliot, Jeffrey Kairupan, Lutzardo Tobing, Djadjat Sudrajat, I Made Kardita, Dedi Latip, Prijono, Rita; Lao PDR: Boun Detvongsone; Kheungthong Vongsaya, Khamkeo Visisombath; Malaysia: Kang Lay Kim, Ismail Abdullah, Albert See Choon Kwang, Nurhayati Shahar Ali, Choo Wai Meng; Habibah Enok, Shazwan Shuhaimen; Myanmar: U Kyaw Zaw, Swe Swe Tin; Philippines: Raymundo J Talento, Rosario D Mijares, Loida D Cruz, Felicitas M Barcelona, Luzvimida S Mitra, Christoper Ivo S Bacani; Singapore: Chua Kia Chee, Khoo Soon Lee, Ho Bing Chuen, Poh Wei Chian; Carmen Low; Thailand: Nuannute Thanaanekcharoen, Bussarakum Sriratana, Kanokporn Chotipal, Angsupalee Wacharakiat; Viet Nam: Mai Thi Thu, Nguyen Thuy Huong, Le Thi Hai Van, Vu Thi Huong and Nguyen Thi Ngoc Lan Any correspondences or questions regarding the FDI statistics contained in this publication should be addressed to: The Coordinator ASEAN FDI Database Investment and Enterprise Unit Bureau for Economic Integration and Finance ASEAN Secretariat 70 A Jalan Sisingamangaraja, Jakarta 12110, Indonesia Fax : (62-21) , raulcordenillo@aseansec.org hilvy@aseansec.org or okti@aseansec.org iii STATISTICS OF FOREIGN DIRECT INVESTMENT IN ASEAN

4 INTRODUCTION Foreign Direct Investments (FDI) into ASEAN reached US$ 38 billion in 2005, representing a 48% year-on-year increase from the previous year. Reinforcing the region s attractiveness as an investment destination, the increase notably supersedes ASEAN FDI flow in 1997, putting ASEAN back on track on its growth path prior to the ASEAN financial crisis. Preliminary Balance of Payments (BOP) FDI data for the first quarter of 2006 indicated a substantial increase of 90% to US$14 billion from US$7.4 billion in the same period last year. The top five investors into ASEAN in 2005 were the United States, the United Kingdom, Japan, France and Finland. Together, these sources accounted for 48% of total FDI inflows into ASEAN. Financial intermediation and related services, including insurance; manufacturing; trade/commerce; and services were the top recipients of FDI (accounting for 79% of total FDI) in Remarkable growth in FDI were also observed in the mining and quarrying sector, which increased from US$388 million to US$3.2 billion and in services, which increased from US$1.8 billion to US$5.9 billion. Consistent with the notable increase in BOP FDI is the continuous growth in Approved Manufacturing FDI, which increased by 22% to US$25.4 billion from US$20.8 billion in The top five sectors with substantial FDI interest were radio, television and communication equipment; chemicals and chemicals products; motor vehicles; machinery and equipment; and food products. The above statistics are presented in great detail in this publication, which seeks to provide investors, policy makers, economists, research institutions and other users with accurate, reliable and timely ASEAN FDI data. It is the result of the work of the ASEAN Working Group on Foreign Direct Investment Statistics (WGFDIS), which is tasked with improving the quality, coverage and harmonisation of FDI statistics. The Statistics of Foreign Direct Investment in ASEAN: Eighth Edition, 2006 consists of six sections: Section 1: Section 2: Highlights of International Investment Position (IIP) data in 6 ASEAN Member Countries. BOP FDI statistics reported by the ASEAN Central Banks and Central Statistical Offices, which cover the period 1995 to first-quarter of Disaggregated level data are presented by host and by source countries. Top 10 major source countries of FDI flows into ASEAN, FDI flows to ASEAN from ASEAN Dialogue Partners and data based on different sources of FDI finance (FDI components), as well as by major economic sectors are also presented. iv STATISTICS OF FOREIGN DIRECT INVESTMENT IN ASEAN

5 Section 3: Statistics based on approval on the manufacturing sector. The statistics cover approved investment projects in ASEAN, by source country and by industry classification for the period 1999 to the first-half of This administrative data set is based on apportionment basis. Section 4: Inward and outward intra-asean direct investment flows for the period and statistics on intra-asean investment flows to the manufacturing sector based on approval and apportionment basis for the period 1999 to the first-half 2006, classified based on the International Standard of Industrial Classification (ISIC) code Section 5: Section 6: Statistics presented by industry classification and by regional blocs for the period Statistics of approved manufacturing investment projects with foreign interest in the various ASEAN sub-regional growth areas based on approval and total project cost for the period These include the East ASEAN Growth Area (BIMP- EAGA), Northern ASEAN Growth Area (IMT-GT) and Southern ASEAN Growth Area (IMS-GT). While steps have been taken to ensure the provision of comparable FDI statistics with minimum footnotes in this edition, it must be emphasised that any interpretation of FDI data should be treated with care. Users are encouraged not to consider data flows in isolation of other variables that influence FDI. Nonetheless, FDI statistics in this publication provide a useful guide and indication of the prevailing investment climate and economic development in the region. Investment and Enterprise Unit Bureau for Economic Integration and Finance ASEAN Secretariat Jakarta December 2006 v STATISTICS OF FOREIGN DIRECT INVESTMENT IN ASEAN

6 vi STATISTICS OF FOREIGN DIRECT INVESTMENT IN ASEAN

7 STATISTICS OF FOREIGN DIRECT INVESTMENT IN ASEAN Eighth Edition, 2006 TABLE OF CONTENTS ACKNOWLEDGEMENTS INTRODUCTION STATISTICAL TABLES Section 1 International Investment Position (IIP) Data Table 1.1 Table 1.2 Table 1.3 Table 1.4 Table 1.5 Table 1.6 International Investment Position (IIP) Data in Cambodia, International Investment Position (IIP) Data in Indonesia, International Investment Position (IIP) Data in Malaysia, International Investment Position (IIP) Data in the Philippines, International Investment Position (IIP) Data in Singapore, International Investment Position (IIP) Data in Thailand, Section 2 Statistics of Foreign Direct Investment in ASEAN (Balance of Payments Basis) 2.1 Foreign Direct Investment Flows to ASEAN Table Foreign Direct Investment Flows to ASEAN, st quarter Table Table Table Foreign Direct Investment Flows to ASEAN, Top 10 Major Source Countries, Foreign Direct Investment Flow to ASEAN from ASEAN Dialogue Partners, Foreign Direct Investment Flows to ASEAN, Cross-Tabulation: Source and Host Countries, Cumulative vii STATISTICS OF FOREIGN DIRECT INVESTMENT IN ASEAN

8 Table Foreign Direct Investment Flows to ASEAN, by Country of Origin, Table Foreign Direct Investment Flows to ASEAN, Table Foreign Direct Investment Flows to ASEAN, Table Foreign Direct Investment Flows to ASEAN, Table Foreign Direct Investment Flows to ASEAN, Table Foreign Direct Investment Flows to ASEAN, Table Foreign Direct Investment Flows to ASEAN, Table Foreign Direct Investment Flows to ASEAN, Table Foreign Direct Investment Flows to ASEAN, Table Foreign Direct Investment Flows to ASEAN, Table Foreign Direct Investment Flows to ASEAN, Table Foreign Direct Investment Flows to ASEAN, Table Foreign Direct Investment Flows to ASEAN, 1 st quarter Table Foreign Direct Investment Flows to ASEAN, 1 st quarter Foreign Direct Investment Flows to ASEAN by FDI Components Table Table Table Table Table Table Table Table Foreign Direct Investment Flows to ASEAN, by FDI Components, Foreign Direct Investment Flows to Brunei Darussalam, by FDI Components, Foreign Direct Investment Flows to Cambodia, by FDI Components, Foreign Direct Investment Flows to Indonesia, by FDI Components, Foreign Direct Investment Flows to Lao PDR, by FDI Components, Foreign Direct Investment Flows to Malaysia, by FDI Components, Foreign Direct Investment Flows to Myanmar, by FDI Components, Foreign Direct Investment Flows to Philippines, by FDI Components, viii STATISTICS OF FOREIGN DIRECT INVESTMENT IN ASEAN

9 Table Table Table Foreign Direct Investment Flows to Singapore, by FDI Components, Foreign Direct Investment Flows to Thailand, by FDI Components, Foreign Direct Investment Flows to Viet Nam, by FDI Components, Foreign Direct Investment Flows to ASEAN by Economic Sectors Table Table Table Table Table Table Table Table Table Table Table Foreign Direct Investment Flows to ASEAN, by Economic Sectors, Foreign Direct Investment Flows to Brunei Darussalam, by Economic Sectors, Foreign Direct Investment Flows to Cambodia, by Economic Sectors, Foreign Direct Investment Flows to Indonesia, by Economic Sectors, Foreign Direct Investment Flows to Lao PDR, by Economic Sectors, Foreign Direct Investment Flows to Malaysia, by Economic Sectors, Foreign Direct Investment Flows to Myanmar, by Economic Sectors, Foreign Direct Investment Flows to Philippines, by Economic Sectors, Foreign Direct Investment Flows to Singapore, by Economic Sectors, Foreign Direct Investment Flows to Thailand, by Economic Sectors, Foreign Direct Investment Flows to Viet Nam, by Economic Sectors, Foreign Direct Investment Flows to ASEAN by Economic Sectors and Regional Blocs of Countries Table Table Table Foreign Direct Investment Flows to ASEAN, by Economic Sectors and Regional Blocs of Countries, Foreign Direct Investment Flows to Brunei Darussalam, by Economic Sectors and Regional Blocs of Countries, Foreign Direct Investment Flows to Indonesia, by Economic Sectors and Regional Blocs of Countries, ix STATISTICS OF FOREIGN DIRECT INVESTMENT IN ASEAN

10 Table Table Table Table Table Table Table Foreign Direct Investment Flows to Lao PDR, by Economic Sectors and Regional Blocs of Countries, Foreign Direct Investment Flows to Malaysia, by Economic Sectors and Regional Blocs of Countries, Foreign Direct Investment Flows to Myanmar, by Economic Sectors and Regional Blocs of Countries, Foreign Direct Investment Flows to Philippines, by Economic Sectors and Regional Blocs of Countries, Foreign Direct Investment Flows to Singapore, by Economic Sectors and Regional Blocs of Countries, Foreign Direct Investment Flows to Thailand, by Economic Sectors and Regional Blocs of Countries, Foreign Direct Investment Flows to Viet Nam, by Economic Sectors and Regional Blocs of Countries, Section 3 Statistics of Approved Manufacturing Investment Projects with Foreign Interest in ASEAN (Apportionment Basis) 3.1 Foreign Investment Flows to the Manufacturing Sector in Projects with Foreign Interest in ASEAN, by Country of Origin Table Table Table Table Table Table Table Table Table Foreign Investment Flows to the Manufacturing Sector in Projects with Foreign Interest in ASEAN, st half Foreign Investment Flows to the Manufacturing Sector in Projects with Foreign Interest in ASEAN, by Country of Origin, st half Foreign Investment Flows to the Manufacturing Sector in Projects with Foreign Interest in Brunei Darussalam, st half Foreign Investment Flows to the Manufacturing Sector in Projects with Foreign Interest in Cambodia, st half Foreign Investment Flows to the Manufacturing Sector in Projects with Foreign Interest in Indonesia, st half Foreign Investment Flows to the Manufacturing Sector in Projects with Foreign Interest in Lao PDR, st half Foreign Investment Flows to the Manufacturing Sector in Projects with Foreign Interest in Malaysia, st half Foreign Investment Flows to the Manufacturing Sector in Projects with Foreign Interest in Myanmar, st half Foreign Investment Flows to the Manufacturing Sector in Projects with Foreign Interest in the Philippines, st half x STATISTICS OF FOREIGN DIRECT INVESTMENT IN ASEAN

11 Table Table Table Foreign Investment Commitments in the Manufacturing Sector in Singapore, st half Foreign Investment Flows to the Manufacturing Sector in Projects with Foreign Interest in Thailand, st half Foreign Investment Flows to the Manufacturing Sector in Projects with Foreign Interest in Viet Nam, st half Foreign Investment Flows to the Manufacturing Sector in Projects with Foreign Interest in ASEAN, by Industry Classification Table Table Table Table Table Table Table Table Table Table Table Foreign Investment Flows to the Manufacturing Sector in Projects with Foreign Interest in ASEAN, st half Foreign Investment Flows to the Manufacturing Sector in Projects with Foreign Interest in Brunei Darussalam, st half Foreign Investment Flows to the Manufacturing Sector in Projects with Foreign Interest in Cambodia, st half Foreign Investment Flows to the Manufacturing Sector in Projects with Foreign Interest in Indonesia, Foreign Investment Flows to the Manufacturing Sector in Projects with Foreign Interest in Lao PDR, st half Foreign Investment Flows to the Manufacturing Sector in Projects with Foreign Interest in Malaysia, st half Foreign Investment Flows to the Manufacturing Sector in Projects with Foreign Interest in Myanmar, st half Foreign Investment Flows to the Manufacturing Sector in Projects with Foreign Interest in the Philippines, st half Foreign Investment Commitments in the Manufacturing Sector in Singapore, st half Foreign Investment Flows to the Manufacturing Sector in Projects with Foreign Interest in Thailand, st half Foreign Investment Flows to the Manufacturing Sector in Projects with Foreign Interest in Viet Nam, st half Section 4 Statistics of Intra-ASEAN Investment 4.1 Intra-ASEAN Direct Investment Flows (BOP Basis) Table Inward Intra-ASEAN Direct Investment Flows, Table Outward Intra-ASEAN Direct Investment Flows, Table Intra-ASEAN Direct Investment Flows, by Country of Origin, Cumulative xi STATISTICS OF FOREIGN DIRECT INVESTMENT IN ASEAN

12 4.2 Intra-ASEAN Investment Flows to the Manufacturing Sector, by Country of Origin (Approval and Apportionment Basis) Table Table Table Inward Intra-ASEAN Investment Flows to the Manufacturing Sector, by Country of Origin, Outward Intra-ASEAN Investment Flows to the Manufacturing Sector, by Country of Origin, Intra-ASEAN Investment Flows to the Manufacturing Sector, by Country of Origin, Cumulative Intra-ASEAN Investment Flows to the Manufacturing Sector, by Industry Classification (Approval and Apportionment Basis) Table Table Table Table Table Table Table Table Table Table Intra-ASEAN Investment Flows to the Manufacturing Sector, by Industry Classification, st half Intra-ASEAN Investment Flows to the Manufacturing Sector in Brunei Darussalam, st half Intra-ASEAN Investment Flows to the Manufacturing Sector in Cambodia, st half Intra-ASEAN Investment Flows to the Manufacturing Sector in Indonesia, st half Intra-ASEAN Investment Flows to the Manufacturing Sector in Lao PDR, st half Intra-ASEAN Investment Flows to the Manufacturing Sector in Malaysia, st half Intra-ASEAN Investment Flows to the Manufacturing Sector in Myanmar, st half Intra-ASEAN Investment Flows to the Manufacturing Sector in Philippines, st half Intra-ASEAN Investment Flows to the Manufacturing Sector in Thailand, st half Intra-ASEAN Investment Flows to the Manufacturing Sector in Viet Nam, st half Section 5 Cross Tabulation Matrix by Industry Classification and Regional Blocs of Countries (Approval and Apportionment Basis) Table 5.1 Table 5.2 Table 5.3 Cross Tabulation by Industry Classification and Regional Blocs of Countries: ASEAN, Cross Tabulation by Industry Classification and Regional Blocs of Countries: Brunei Darussalam, Cross Tabulation by Industry Classification and Regional Blocs of Countries: Cambodia, xii STATISTICS OF FOREIGN DIRECT INVESTMENT IN ASEAN

13 Table 5.4 Table 5.5 Table 5.6 Table 5.7 Table 5.8 Table 5.9 Table 5.10 Cross Tabulation by Industry Classification and Regional Blocs of Countries: Indonesia, Cross Tabulation by Industry Classification and Regional Blocs of Countries: Lao PDR, Cross Tabulation by Industry Classification and Regional Blocs of Countries: Malaysia, Cross Tabulation by Industry Classification and Regional Blocs of Countries: Myanmar, Cross Tabulation by Industry Classification and Regional Blocs of Countries: Philippines, Cross Tabulation by Industry Classification and Regional Blocs of Countries: Thailand, Cross Tabulation by Industry Classification and Regional Blocs of Countries: Viet Nam, Section 6 Statistics of FDI Flows to ASEAN Sub-Regional Growth Areas 6.1 Approved Manufacturing Investment Projects with Foreign Interest in East ASEAN Growth Area (EAGA) Approved Manufacturing Investment Projects with Foreign Interest in East ASEAN Growth Area (EAGA), by Country of Origin Table Table Table Table Approved Manufacturing Investment Projects in ASEAN Sub-Regional Growth Area, Brunei Darussalam - Indonesia - Malaysia - Philippines East ASEAN Growth Area (BIMP-EAGA), Approved Manufacturing Investment Projects in ASEAN Sub-Regional Growth Area, Brunei Darussalam - Indonesia - Malaysia - Philippines East ASEAN Growth Area (BIMP-EAGA), Approved Manufacturing Investment Projects in ASEAN Sub-Regional Growth Area, Brunei Darussalam - Indonesia - Malaysia - Philippines East ASEAN Growth Area (BIMP-EAGA), Approved Manufacturing Investment Projects in ASEAN Sub-Regional Growth Area, Brunei Darussalam - Indonesia - Malaysia - Philippines East ASEAN Growth Area (BIMP-EAGA), Approved Manufacturing Investment Projects with Foreign Interest in East ASEAN Growth Area (EAGA), by Industry Classification Table Table Approved Manufacturing Investment Projects in ASEAN Sub-Regional Growth Area, Brunei Darussalam - Indonesia - Malaysia - Philippines East ASEAN Growth Area (BIMP-EAGA), Approved Manufacturing Investment Projects in ASEAN Sub-Regional Growth Area, Brunei Darussalam - Indonesia - Malaysia - Philippines East ASEAN Growth Area (BIMP-EAGA), xiii STATISTICS OF FOREIGN DIRECT INVESTMENT IN ASEAN

14 Table Table Approved Manufacturing Investment Projects in ASEAN Sub-Regional Growth Area, Brunei Darussalam - Indonesia - Malaysia - Philippines East ASEAN Growth Area (BIMP-EAGA), Approved Manufacturing Investment Projects in ASEAN Sub-Regional Growth Area, Brunei Darussalam - Indonesia - Malaysia - Philippines East ASEAN Growth Area (BIMP-EAGA), Approved Manufacturing Investment Projects with Foreign Interest in Northern ASEAN Growth Area Approved Manufacturing Investment Projects with Foreign Interest in Northern ASEAN Growth Area, by Country of Origin Table Table Table Table Approved Manufacturing Investment Projects in ASEAN Sub-Regional Growth Area, Indonesia - Malaysia - Thailand Growth Triangle (IMT-GT), Approved Manufacturing Investment Projects in ASEAN Sub-Regional Growth Area, Indonesia - Malaysia - Thailand Growth Triangle (IMT-GT), Approved Manufacturing Investment Projects in ASEAN Sub-Regional Growth Area, Indonesia - Malaysia - Thailand Growth Triangle (IMT-GT), Approved Manufacturing Investment Projects in ASEAN Sub-Regional Growth Area, Indonesia - Malaysia - Thailand Growth Triangle (IMT-GT), Approved Manufacturing Investment Projects with Foreign Interest in Northern ASEAN Growth Area, by Industry Classification Table Table Table Table Approved Manufacturing Investment Projects in ASEAN Sub-Regional Growth Area, Indonesia - Malaysia - Thailand Growth Triangle (IMT-GT), Approved Manufacturing Investment Projects in ASEAN Sub-Regional Growth Area, Indonesia - Malaysia - Thailand Growth Triangle (IMT-GT), Approved Manufacturing Investment Projects in ASEAN Sub-Regional Growth Area, Indonesia - Malaysia - Thailand Growth Triangle (IMT-GT), Approved Manufacturing Investment Projects in ASEAN Sub-Regional Growth Area, Indonesia - Malaysia - Thailand Growth Triangle (IMT-GT), Approved Manufacturing Investment Projects with Foreign Interest in Southern ASEAN Growth Area Approved Manufacturing Investment Projects with Foreign Interest in Southern ASEAN Growth Area, by Country of Origin xiv STATISTICS OF FOREIGN DIRECT INVESTMENT IN ASEAN

15 Table Table Table Table Approved Manufacturing Investment Projects in ASEAN Sub-Regional Growth Area, Indonesia - Malaysia - Thailand Growth Triangle (IMS-GT), Approved Manufacturing Investment Projects in ASEAN Sub-Regional Growth Area, Indonesia - Malaysia - Thailand Growth Triangle (IMS-GT), Approved Manufacturing Investment Projects in ASEAN Sub-Regional Growth Area, Indonesia - Malaysia - Thailand Growth Triangle (IMS-GT), Approved Manufacturing Investment Projects in ASEAN Sub-Regional Growth Area, Indonesia - Malaysia - Thailand Growth Triangle (IMS-GT), Approved Manufacturing Investment Projects with Foreign Interest in Southern ASEAN Growth Area, by Industry Classification Table Table Table Table Approved Manufacturing Investment Projects in ASEAN Sub-Regional Growth Area, Indonesia - Malaysia - Thailand Growth Triangle (IMS-GT), Approved Manufacturing Investment Projects in ASEAN Sub-Regional Growth Area, Indonesia - Malaysia - Thailand Growth Triangle (IMS-GT), Approved Manufacturing Investment Projects in ASEAN Sub-Regional Growth Area, Indonesia - Malaysia - Thailand Growth Triangle (IMS-GT), Approved Manufacturing Investment Projects in ASEAN Sub-Regional Growth Area, Indonesia - Malaysia - Thailand Growth Triangle (IMS-GT), ANNEX A Classification of Regions and Countries 373 ANNEX B Classification of Manufacturing Sector International Standard Industrial Classification (ISIC), Rev xv STATISTICS OF FOREIGN DIRECT INVESTMENT IN ASEAN

16 Section 1 International Investment Position (IIP) Data

17 ASSETS 3,027 3,276 3,487 3, Direct Investment Abroad Equity Capital & Reinvested Earnings Other Capital Portfolio Investment Equity Securities Debt Securities Financial Derivatives Other Investment 1,647 1,799 1,840 2, Reserve Assets ,121 1,158 LIABILITIES 3,706 4,102 4,430 5, Direct Investment in Reporting Economy * 1,874 1,958 2,090 2, Equity Capital & Reinvested Earnings 1,201 1,283 1,414 1, Other Capital Portfolio Investment Equity Securities Debt Securities Financial Derivatives Other Investment 1,832 2,143 2,340 2,604 NET INTERNATIONAL INVESTMENT POSITION ,178 Source: NBC staff estimates. * Stock of Inward FDI Provisional data for , subject to change. As of 28 July TABLE 1.1 INTERNATIONAL INVESTMENT POSITION (IIP) Position at End of Year IN CAMBODIA PAGE 3 - SECTION 1

18 ASSETS 41,881 47,909 53,874 53, Direct Investment Abroad -1, Equity Capital & Reinvested Earnings Other Capital -1, Portfolio Investment 2,894 2,473 2,888 2, Equity Securities Debt Securities 2,878 2,451 2,857 2, Financial Derivatives Other Investment 12,344 13,641 14,864 13, Reserve Assets 28,016 32,039 36,296 36,320 LIABILITIES 155, , , , Direct Investment in Reporting Economy * 15,203 7,103 10,328 15, Equity Capital & Reinvested Earnings 7,487 3,133 6,531 9, Other Capital 7,716 3,971 3,797 6, Portfolio Investment 13,315 14,332 23,297 25, Equity Securities 4,475 6,452 14,808 15, Debt Securities 8,840 7,881 8,489 10, Financial Derivatives Other Investment 126, , , ,232 NET INTERNATIONAL INVESTMENT POSITION -113, , , ,818 Source: Bank of Indonesia. * Stock of Inward FDI /r: Revised. /p: Preliminary. Last Update: 11 August TABLE 1.2 INTERNATIONAL INVESTMENT POSITION (IIP) Position at End of Year IN INDONESIA /r 2004 /p PAGE 4 - SECTION 1

19 ASSETS 61,507 71,854 80, , Direct Investment Abroad 9,014 10,119 12,019 12, Equity Capital & Reinvested Earnings Other Capital Portfolio Investment 1,792 2,140 2,490 2, Equity Securities 1,261 1,008 1, Debt Securities 531 1,132 1,407 1, Financial Derivatives Other Investment 19,236 24,793 20,689 28, Reserve Assets 30,848 34,583 44,862 66,721 LIABILITIES 77, , , , Direct Investment in Reporting Economy * 20,821 36,983 41,188 43, Equity Capital & Reinvested Earnings Other Capital Portfolio Investment 12,873 15,198 22,822 38, Equity Securities 10,785 13,302 20,818 27, Debt Securities 2,088 1,897 2,003 10, Financial Derivatives Other Investment 42,884 49,415 50,866 56,089 NET INTERNATIONAL INVESTMENT POSITION -15,639-29,957-34,705-27,560 Source: Bank Negara Malaysia. * Stock of Inward FDI /r: Revised. /p: Preliminary. Last update: 19 July TABLE 1.3 INTERNATIONAL INVESTMENT POSITION (IIP) Position at End of Year IN MALAYSIA /r 2004 /p PAGE 5 - SECTION 1

20 ASSETS 29,178 31,032 31,768 33, Direct Investment Abroad 1,033 1,099 1,298 1, Equity Capital & Reinvested Earnings 1,033 1, Other Capital Portfolio Investment 2,605 3,199 3,912 4, Equity Securities Debt Securities 2,495 3,081 3,746 4, Financial Derivatives Other Investment 9,848 10,369 9,495 10, Reserve Assets 15,692 16,365 17,063 16,228 LIABILITIES 65,708 69,400 73,256 72, Direct Investment in Reporting Economy * 10,684 12,029 11,794 12, Equity Capital & Reinvested Earnings 5,966 7, Other Capital 4,718 4, Portfolio Investment 16,136 18,190 20,783 20, Equity Securities 1,897 2,291 2,750 3, Debt Securities 14,239 15,899 18,033 16, Financial Derivatives Other Investment 38,888 39,181 40,679 39,805 NET INTERNATIONAL INVESTMENT POSITION -36,530-38,368-41,488-39,412 Source: Bangko Sentral ng Pilipinas. * Stock of Inward FDI /r: Revised. /p: Preliminary. Last Update: 11 August TABLE 1.4 INTERNATIONAL INVESTMENT POSITION (IIP) Position at End of Year IN PHILIPPINES /r 2004 /p PAGE 6 - SECTION 1

21 TABLE 1.5 INTERNATIONAL INVESTMENT POSITION (IIP) Position at End of Year IN SINGAPORE /r 2005 ** ASSETS 208, , , , , Direct Investment Abroad 42,946 93,620 98, , , Equity Capital & Reinvested Earnings Other Capital Portfolio Investment 33,439 66,729 75, , , Equity Securities 17,932 33,027 35,988 47,698 54, Debt Securities 15,507 33,702 39,552 56,355 63, Financial Derivatives Other Investment 88, , , , , Reserve Assets *** 44,462 83,156 94, , ,305 LIABILITIES 185, , , , , Direct Investment in Reporting Economy * 79, , , , , Equity Capital & Reinvested Earnings Other Capital Portfolio Investment 26,931 45,298 59,300 73,122 89, Equity Securities 21,042 34,266 45,129 58,434 74, Debt Securities 5,888 11,032 14,171 14,688 15, Financial Derivatives Other Investment 78, , , , ,446 NET INTERNATIONAL INVESTMENT POSITION 23,783 68,699 75,006 99, ,482 S$ per US$ (as at end-month) **** Source: Singapore Department of Statistics. * Stock of Inward FDI /r: Revised. ** Data are preliminary when first released. As of 10 August *** Assets held by Monetary Authority of Singapore. **** Data on daily interest rate and exchange rate are available on Reuters. PAGE 7 - SECTION 1

22 TABLE 1.6 INTERNATIONAL INVESTMENT POSITION (IIP) Position at End of Year IN THAILAND ASSETS 54,324 58,457 63,939 73, Direct Investment Abroad 2,626 2,594 3,146 3, Equity Capital & Reinvested Earnings 1,941 2,237 2,809 3, Other Capital Portfolio Investment 825 1,689 2,834 1, Equity Securities Debt Securities 743 1,605 2, Financial Derivatives Other Investment 17,684 14,968 15,197 17, Reserve Assets 33,048 38,924 42,148 49,832 LIABILITIES 106, , , , Direct Investment in Reporting Economy * 33,268 38,180 48,603 52, Equity Capital & Reinvested Earnings 26,310 30,578 41,959 45, Other Capital 6,958 7,602 6,644 6, Portfolio Investment 17,123 17,811 29,249 32, Equity Securities 10,240 12,260 24,481 26, Debt Securities 6,883 5,551 4,768 5, Financial Derivatives Other Investment 55,268 47,665 41,085 40,414 NET INTERNATIONAL INVESTMENT POSITION -51,842-45,740-55,766-53,254 Source: International Investment Position Survey, Data Management Group, Bank of Thailand. * Stock of Inward FDI /r: Revised. /p: Preliminary. Last Update: 28 July /r 2004 /p PAGE 8 - SECTION 1

23 Section 2 Statistics of Foreign Direct Investment in ASEAN (Balance of Payments Basis)

24 Section 2 Statistics of Foreign Direct Investment in ASEAN (Balance of Payments Basis) 2.1 Foreign Direct Investment Flows to ASEAN

25 TABLE FDI FLOWS TO ASEAN st Quarter 2006 YEAR TOTAL 1st Quarter 1st Quarter p/ CUMULATIVE HOST COUNTRY Brunei Darussalam ,035 3, ,993 Cambodia (1) ,127 Indonesia 4,346 6,194 4, ,745-4,550-3, ,895 6,107 1,067 1,255 11,839 Lao PDR Malaysia 5,815 7,297 6,323 2,714 3,895 3, ,203 2,473 4,624 3, ,651 Myanmar (2) N.A N.A 3,970 Philippines (3) 1,577 1,618 1,261 1,718 1,247 2, , , ,709 Singapore 11,503 9,303 13,533 7,594 16,067 16,485 15,649 7,338 10,376 14,819 20,081 4,898 8, ,748 Thailand 2,070 2,338 3,882 7,491 6,091 3,350 3, ,952 1,414 4, ,006 37,428 Viet Nam 1,780 1,803 2,587 1,700 1,484 1,289 1,300 1,200 1,450 1,610 2,021 N.A N.A 18,225 ASEAN TOTAL 28,231 30,209 34,099 22,406 27,375 23,541 19,197 15,773 19,664 25,661 38,083 7,374 14, ,238 Source: ASEAN Secretariat - ASEAN FDI Database, 2006 Data compiled from the respective ASEAN Central Banks and Central Statistical Offices. Unless otherwise indicated, the figures include equity and inter-company loans. Figures for Brunei Darussalam, Cambodia, Malaysia (for the whole data series) and figures for Myanmar and Viet Nam ( ) include reinvested earnings. Figures for Singapore include reinvested earnings for the whole data series, but exclude inter-company loans for (1) Cambodia's figures for 2005 are estimated figures. (2) Myanmar's figures are in fiscal year which ends in March of the following calendar year. (3) Philippine's figures for st Q 2006 includes reinvested earnings. p/ Preliminary N.A Not available PAGE 13 - SECTION 2.1

26 RANK TABLE FDI FLOWS TO ASEAN (TOP 10 MAJOR SOURCE COUNTRIES) VALUE VALUE VALUE VALUE VALUE COUNTRY % COUNTRY % COUNTRY % COUNTRY % COUNTRY (US$ Mill) (US$ Mill) (US$ Mill) (US$ Mill) (US$ Mill) % 1 United States 4, ASEAN 3, United Kingdom 4, United Kingdom 4, United States 8, Netherlands 2, United Kingdom 2, Japan 2, United States 3, United Kingdom 4, Taiwan (ROC) 2, Netherlands 1, ASEAN 2, Japan 3, Cayman Islands 4, ASEAN 2, Japan 1, Netherlands 1, ASEAN 2, Japan 3, Japan 1, Denmark United States 1, Netherlands 1, ASEAN 2, United Kingdom 1, Hong Kong Cayman Islands Cayman Islands 1, France 1, Bermuda 1, Taiwan (ROC) Taiwan (ROC) Germany Bermuda Germany 1, Canada Rep of Korea China Finland Cayman Islands France Luxembourg Rep of Korea Germany Belgium Finland Bermuda Australia Rep of Korea TOTAL TOP 10 19,606 12,027 14,694 20,286 27,000 OTHERS 409 3,745 4,970 5,375 11,083 ASEAN TOTAL 19,197 15,773 19,664 25,661 38,083 Source: ASEAN Secretariat, ASEAN FDI Database, 2006 Data compiled from the respective ASEAN Central Banks and Central Statistical Offices. PAGE 14 - SECTION 2.1

27 Table FDI FLOWS TO ASEAN FROM ASEAN DIALOGUE PARTNERS Cumulative Value Value Value Value Value % % % % % (US$ Mill) (US$ Mill) (US$ Mill) (US$ Mill) (US$ Mill) (US$ Mill) Australia Canada China ,509 European Union * 6, , , , , ,479 India Japan 1, , , , , ,096 Rep of Korea (ROK) ,710 New Zealand United States 4, , , , ,120 ASEAN TOTAL 19,197 15,773 19,664 25,661 38, ,378 Source: ASEAN Secretariat - ASEAN FDI Database, 2006 Data compiled from the respective ASEAN Central Banks and Central Statistical Offices. *) Commencing 2004 consists of EU 25. PAGE 15 - SECTION 2.1

28 TABLE HOST COUNTRY FDI FLOWS TO ASEAN CROSS-TABULATION: FDI SOURCE COUNTRIES AND ASEAN HOST COUNTRIES CUMULATIVE Brunei Darussalam Cumulative Cambodia Indonesia Lao PDR Malaysia Myanmar Philippines Singapore Thailand Viet Nam Japan , , , , , , NORTH AMERICA , , , , , USA , , , , , Canada , EUROPE of which: 6, , , , , , , , , European Union 6, , , , , , , , , Austria Belgium , Denmark , Finland , , France , , , Germany , , , Greece Ireland Italy Luxembourg Netherlands 2, , , , , , Portugal Spain Sweden United Kingdom 3, , , , , , , Other EU Other Europe , , , ASIA of which: , , China , India , , Pakistan Other Asia ANIEs , , , , , , Republic of Korea , , Hong Kong , , , , , Taiwan (ROC) , , , , ASEAN 1, , , , , , , , , Brunei Darussalam Cambodia Indonesia , , Lao PDR Malaysia , , Myanmar Philippines Singapore 1, , , , , , Thailand , Viet Nam PAGE 16 - SECTION 2.1

29 TABLE HOST COUNTRY FDI FLOWS TO ASEAN CROSS-TABULATION: FDI SOURCE COUNTRIES AND ASEAN HOST COUNTRIES CUMULATIVE Brunei Darussalam Cumulative Cambodia Indonesia Lao PDR Malaysia Myanmar Philippines Singapore Thailand Viet Nam AUSTRALASIA , Australia New Zealand CENTRAL AND SOUTH AMERICA , , Argentina Brazil Mexico Panama Other Central & South America , , OTHERS of which: , , , , , , Bermuda , , , Cayman Island , , Other Countries , , , , Unclassified , , JOINT COUNTRIES INTERNATIONAL ORGANISATION SUB-TOTAL 8, , , , , , , , , FDI in Cambodia ( ) 1, , Philippines' data on Reinvested Earnings ( ) Singapore's data on Inter-company Loans (2005) TOTAL 8, , , , , , , , , , Source: ASEAN Secretariat - ASEAN FDI Database, 2006 Data compiled from the respective ASEAN Central Banks and Central Statistical Offices. Unless otherwise indicated, the figures include equity and inter-company loans. Figures for Brunei Darussalam, Cambodia, Malaysia (for the whole data series) and figures for Myanmar and Viet Nam (for ) include reinvested earnings. Cambodia submitted FDI data by source countries starting Figures for Singapore include reinvested earnings for the whole data series, but exclude inter-company loans for Figures for 2004 are preliminary. Joint Countries refer to investment projects undertaken jointly by two or more foreign investors from different country of origin. 1) See classification of regions and countries (Annex A). 2) Other countries not specified. 3) Covers banking sector. PAGE 17 - SECTION 2.1

30 TABLE FDI FLOWS TO ASEAN BY COUNTRY OF ORIGIN YEAR Cumulative Japan 5, , , , , , , , , , , NORTH AMERICA 4, , , , , , , , , , , USA 4, , , , , , , , , , , Canada , , EUROPE of which: 6, , , , , , , , , , , , European Union 5, , , , , , , , , , , , Austria Belgium , Denmark , Finland , France , , Germany , , , , , , Greece Ireland Italy Luxembourg Netherlands 1, , , , , , , , , , Portugal Spain Sweden United Kingdom 2, , , , , , , , , , , , Other EU Other Europe 1 1, , , , , , , , , ASIA of which: , , , China , India , Pakistan Other Asia ANIEs 2, , , , , , , , , , , Republic of Korea , Hong Kong 1, , , , , Taiwan (ROC) , , ASEAN 4, , , , , , , , , , , Brunei Darussalam Cambodia Indonesia , Lao PDR Malaysia , , Myanmar Philippines Singapore 2, , , , , , , , , , Thailand , Viet Nam PAGE 18 - SECTION 2.1

31 TABLE FDI FLOWS TO ASEAN BY COUNTRY OF ORIGIN YEAR Cumulative AUSTRALASIA , Australia New Zealand CENTRAL AND SOUTH AMERICA , , , , , Argentina Brazil Mexico Panama Other Central & South America , , , , OTHERS of which: 2, , , , , , , , , , Bermuda , , , , Cayman Island , , , Other Countries 2 1, , , , , , , , , , Unclassified , , , , , JOINT COUNTRIES INTERNATIONAL ORGANISATION SUB TOTAL 28, , , , , , , , , , , , FDI in Cambodia , Philippines' data on Reinvested Earnings Singapore's data on Inter-company Loans TOTAL 28, , , , , , , , , , , , Source: ASEAN Secretariat - ASEAN FDI Database, 2006 Data compiled from the respective ASEAN Central Banks and Central Statistical Offices. Unless otherwise indicated, the figures include equity and inter-company loans. Figures for Brunei Darussalam, Cambodia, Malaysia (for the whole data series) and figures for Myanmar and Viet Nam (for ) include reinvested earnings. Cambodia submitted FDI data by source countries starting Philippine's figure for st Q 2005 includes reinvested earnings. However, the 2003 figure for RE was lumped with equity. RE figures for 2004 and 1st Q 2005 cover those of local banks only. Philippine's figures for 2004 are preliminary. Figures for Singapore include reinvested earnings for the whole data series, but exclude inter-company loans for Figures for 2004 are preliminary. Figures for Viet Nam include reinvested earnings for ) See classification of regions and countries (Annex A). 2) Other countries not specified. 3) Covers banking sector. PAGE 19 - SECTION 2.1