Foreign investment pledges jump 30.1% in Q4 2022

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Foreign investment commitments posted a double-digit increase in the fourth quarter of 2022 as the Philippine economy further reopened, data from the Philippine Statistics Authority (PSA) showed Thursday.

In a statement, the PSA said foreign investment pledges reached ₱173.61 billion, or 30.1% higher than ₱133.47 billion a year prior.

Meanwhile, no foreign investment commitments were recorded from during the period in Cagayan Economic Zone Authority , Poro Point Management Corporation , and Tourism Infrastructure and Enterprise Zone Authority .The information and communication industry is set to gain the highest investment with ₱114.29 billion.

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