Foreign investment pledges up 6.5% to P45.9B in Q3

Investment pledges from foreign investors increased for the second straight quarter, rising 6.5 percent year-on-year to P45.9 billion in the third quarter, the government reported Thursday.

In a report, the Philippine Statistics Authority (PSA) said total foreign investments green-lighted by seven investment promotion agencies (IPAs) from July to September grew from P43 billion in the same three-month period last year.

Read more: Philippine Daily Inquirer