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Approved FDIs in Subic Freeport hits P32.98B year on year

SOME P32.98 billion in foreign direct investments (FDIs) approved in this premier freeport accounted for 71.34 percent of the total P46.23 billion approved by all investment promotion agencies (IPAs) in the country during the second quarter of the year.

Those investments were pledges approved by the following IPAs — Authority of the Freeport Area of Bataan, Board of Investments (BoI), BoI-Bangsamoro Autonomous Region in Muslim Mindanao, Clark Development Corp., Cagayan Economic Zone Authority, Philippine Economic Zone Authority, Poro Point Management Corp., Tourism Infrastructure and Enterprise Zone Authority, and the Subic Bay Metropolitan Authority (SBMA).