By Abigail Marie P. Yraola, Deputy Research Head
FOREIGN INVESTMENT pledges slumped by 63.6% in the first quarter as global economic challenges prompted investors to be more wary of investing in emerging markets like the Philippines, analysts said.
Preliminary data from the Philippine Statistics Authority (PSA) showed that the value of foreign commitments approved by investment promotion agencies dropped to P148.43 billion in the January-to-March period from P408.22 billion a year earlier.
This was also 63.4% lower than P394.45 billion in the final three months of 2023, and the lowest since the P27.3 billion logged in the third quarter of 2023.
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