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Approved investment pledges plunge 49% in Q3 - BusinessWorld Online
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Approved investment pledges plunge 49% in Q3 - BusinessWorld Online
APPROVED foreign investment pledges plunged nearly 50% in the third quarter as investor sentiment soured due to the corruption scandal involving government infrastructure projects, the local statistics agency said. Preliminary data from the Philippine Statistics Authority (PSA) showed the value of foreign commitments approved by investment promotion agencies (IPAs) fell by 48.7% to P73.68 billion in the July-to-September period from P143.74 bill…
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