Foreign investment pledges double in Q2 - BusinessMirror

A SURGE in investments from The Netherlands allowed the country’s foreign pledges to more than double in the second quarter, according to the Philippine Statistics Authority .

“Foreign Direct Investments [FDI] are investments made to acquire a lasting interest by a resident entity in one economy in an enterprise resident in another economy. The purpose of the investor is to have a significant influence, an effective voice in the management of the enterprise,” PSA explained in the technical terms of its report.

the Board of Investments , BOI-Bangsamoro Autonomous Region in Muslim Mindanao , Clark Development Corporation , Philippine Economic Zone Authority , and Subic Bay Metropolitan Authority . Transportation and Storage came in second with investment commitments valued at P14.52 billion or 31.4 percent share, followed by Manufacturing with P6.15 billion or 13.3 percent FI contribution.

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