Philippines’ total foreign investment approved during the third quarter fell 22.4% to 13.05 billion Philippines pesos ($ 230 million) in the third quarter, versus 16.82 billion a year earlier, according to data released by the country’s central bank on Tuesday.
The commitments for the quarter were mainly driven by investments from Japan, which accounted for 34.5% of the total approved foreign investment, 15.5% share by South Korea, and Singapore comprising 12.6% of the total, it noted.
CONNECT WITH US
45th Floor, GT Tower International, Ayala Ave.
cor. H.V. dela Costa St., Makati City