The Philippine Statistics Authority reported that committed foreign investments last year went up 25 percent as the local economy reopened after the prolonged pandemic.
No foreign investment approvals were reported from Cagayan Economic Zone Authority, Poro Point Management Corp., and Tourism Infrastructure and Enterprise Zone Authority for 2022. Information and Communication bested all other industries as it stands to receive P114.29 billion or 65.8 percent of the total pledges.
This was followed by Ilocos Region with P32.66 billion , CALABARZON with P30.71 billion , and Central Luzon with P5.7 billion .
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