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Approved investments rise in Q4

APPROVED foreign investments more than doubled in the fourth quarter last year, the Philippine Statistics Authority (PSA) reported on Thursday, surging by 127.2 percent to P394.45 billion from P173.61 billion a year earlier.

The investment pledges, the PSA said, comprise those approved by the Authority of the Freeport Area of Bataan, Board of Investments (BoI), Clark Development Corp., Philippine Economic Zone Authority, and the Subic Bay Metropolitan Authority.