By Beatriz Marie D. Cruz, Senior Reporter
FOREIGN INVESTMENT pledges in the Philippines in the second quarter rose to the highest level in nearly two years, despite muted economic growth and geopolitical uncertainties.
Preliminary data from the Philippine Statistics Authority (PSA) showed foreign commitments approved by the country’s investment promotion agencies (IPAs) jumped by 68.22% to P115.2 billion in the April-to-June period from P68.48 billion recorded last year.
This was the highest approved quarterly foreign investments since P148.94 billion in the third quarter of 2024.
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