PH investment approvals down 31% in Q1

MANILA, Philippines – Surging foreign investment pledges failed to offset a sharp drop in domestic approvals in the first quarter. The Philippine Statistic Authority (PSA) on Thursday said total approved investments in the Philippines dropped to P125.95 billion during the period. Data released by the PSA on Thursday showed approved investments from both foreign and Filipino nationals dropped 30.8 percent in the January-to-March period from P181.97 billion a year earlier. READ: Philippine investments dip on strong dollar Filipino investors continued to account for the bulk of the approvals at P83.31 billion, or 66.1 percent of the total. Foreign investment approvals […]... Keep on reading: PH investment approvals down 31% in Q1

Original source: Philippine Daily Inquirer