Total approved foreign investments reached P18.2 billion in Q2 2017

Total foreign investments (FI) approved in the second quarter of 2017 amounted to PhP 18.2 billion from PhP 40.4 billion recorded in the same period last year. The total FI represents the seven investment promotion agencies (IPAs), namely the Board of Investments (BOI), Clark Development Corporation (CDC), Philippine Economic Zone Authority (PEZA), and Subic Bay Metropolitan Authority (SBMA) as well as the Authority of the Freeport Area of Bataan (AFAB), BOI-Autonomous Region of Muslim Mindanao (BOI-ARMM), and Cagayan Economic Zone Authority (CEZA). Meanwhile, total approved FI for the first six months of the year reached PhP 41.0 billion, lower by 38.4 percent from PhP 66.6 billion in the previous year.

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