Total foreign investments (FI) approved in the third quarter of 2017 by the seven investment promotion agencies (IPAs), namely: 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) amounted to PhP 43.0 billion. This was 61.1 percent higher compared with PhP 26.7 billion last year. Meanwhile, total approved FI for the first nine months of the year reached PhP 84.1 billion, a decline of 9.9 percent from PhP 93.3 billion in the previous year.