Foreign Investment Pledges Up 14.8% in First Half of 2016

Total foreign investment pledges approved by investment promotion agencies grew 11.5 percent in the second quarter of 2016 from P36.2 billion to P40.4 billion. For the first six months, approved foreign investments reached P66.6 billion, up 14.8 percent from the previous year’s record. By country of origin, the top three prospective investors in the second quarter of 2016 were Singapore, Japan and South Korea. Manufacturing is the…

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