Philippines: PSA reports 55% drop in Q2 foreign investment approvals
MANILA, Philippines — Foreign investments approved by the country’s seven investment promotion agencies (IPA) fell 54.9 percent in the second quarter, the Philippine Statistics Authority reported over the weekend. Investment pledges cleared by the IPA in the second quarter amounted to P18.2 billion, down from P40.4 billion in the same period last year. These cover […]
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