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Investment pledges cleared in Q2 up 220.7% to P189.5 billion

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INVESTMENT pledges approved by the country’s investment promotion agencies more than tripled in the second quarter of 2024, according to the Philippine Statistics Authority (PSA). The data showed that investment pledges reached P189.5 billion, a 220.7-percent growth from the P59.09 billion total foreign investments in the same quarter of 2023.

INVESTMENT pledges approved by the country’s investment promotion agencies more than tripled in the second quarter of 2024, according to the Philippine Statistics Authority .

The data showed this was followed by Japan at P7.68 billion or 4.1 percent of the total and Malaysia with P4.53 billion, a 2.4-percent share of all. In terms of regions, the Negros Island Region received the largest share of pledged investments, amounting to P86.46 billion or 45.6 percent of the total approved FI for the second quarter of 2024. This was followed by Calabarzon with P6.93 billion and Central Visayas with P4.35 billion.

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