• Investment pledges from foreign firms approved by investment promotion agencies (IPAs) plunged by nearly 64 percent from January to March compared to last year’s level amid a stubbornly high inflation and steep borrowing costs.
  • Data released by the Philippine Statistics Authority (PSA) yesterday showed total foreign investments cleared by IPAs in the first quarter amounted to just P148.43 billion, 63.6 percent lower than the P408.22 billion in the same period last year.