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× Foreign investment pledges doubled in ’19

Commitments of foreign investors to set up shop in the Philippines climbed to a record high P390.1 billion last year, the Philippine Statistics Authority (PSA) reported on Thursday.

The latest PSA data showed that the 2019 haul was not only more than double the P183.3 billion posted in 2018 but it was also likely the highest amount of foreign-led projects so far approved by investment promotion…

Read also: Investment pledges hit record Investment pledges up 20.7% to P1.3 trillion in 2019, says