Total investment pledges rose 19 percent to P26 billion in the first quarter this year from year ago level, the Philippine Statistics Authority said Tuesday.
Latest PSA data showed approved foreign and local investments increased P26 billion billion in the first three months of 2015 from P21.8 billion year-on-year.
The PSA said the figures were collated from seven investment promotion agencies, namely the Board of Investments, Clark Development Corp., Philippine Economic Zone Authority, Subic Bay Metropolitan Authority, the Authority of the Freeport Area of Bataan, BoI-Autonomous Region of Muslim Mindanao and Cagayan Economic Zone Authority.
The Netherlands ranked first among foreign investors, committing P8.1 billion or 31 percent of the total. Japan and the United States ranked second and third, with investments of P4.4 billion and P3.7 billion, respectively.
