First Quarter Foreign Direct Investments Up 16.6%; Pledges Fall 12.8%

Foreign direct investment (FDI) commitments registered with the country’s investment promotion agencies fell 12.8% to P22.883 billion in the first quarter from P26.243 billion approved in the same period last year.  Actual FDI that  came in, which is tracked separately by the central bank, climbed 16.6% to $1.56 billion from the $1.337 billion that entered in 2016’s comparable three months. The increase has been attributed to the…

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