Investment Pledges Down 45% in Third Quarter

Foreign investment pledges approved by the country’s seven investment promotion agencies fell 45 percent in the third quarter, totaling only P26.7 billion, lower than the P48.6 billion pledged in the same period last year. In the first nine months, approved foreign investments dropped 12.4 percent to P93.3 billion from P106.6 billion in the same period in 2015. Most of the foreign investments came from South Korea, the US and…

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