Approved foreign investments down in Q3

By Eireene Jairee Gomez

Nov 16, 2022 12:34 am

FOREIGN investments approvals fell steeply in the third quarter but the overall tally still saw a surge due to local pledges, the Philippine Statistics Authority (PSA) reported on Tuesday.

At P13.05 billion, foreign investment commitments cleared by the Board of Investments (BoI), Clark Development Corp., Philippine Economic Zone Authority (PEZA) and the Subic Bay Metropolitan Authority (SBMA) were 22.4 percent lower compared to the P16.82 billion a year earlier.

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