News Formal

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

  • 📰 BusinessMirror
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 59%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 19. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Foreign investment pledges climb threefold to P189.5BFOREIGN investment pledges in the second quarter increased threefold to P189.5 billion, the Philippine Statistics Authority (PSA) reported on Thursday.
Source: TheManilaTimes - 🏆 2. / 92 Read more »

PEZA upbeat on hitting 2024 investment targetTHE Philippine Economic Zone Authority (PEZA) remains optimistic about achieving its 2024 investment target despite the drop recorded in the first semester.
Source: TheManilaTimes - 🏆 2. / 92 Read more »