The manufacturing industry received the largest amount of approved investments, equivalent to 60.2 percent of the total, while administrative and support service activities came second, and real estate activities third.
Singapore posted nearly half of the foreign investment commitment, amounting to 13.04 billion pesos (232.5 million dollars).
The PSA also added that the total approved investments of foreign and Filipino nationals reached 83.5 billion pesos (1.49 billion dollars) in the third quarter, 47.6 percent lower than the approved investments recorded in 2022.
The total approved investments in the third quarter are expected to generate 22,571 jobs, a 20.7 percent decline from those created in the same quarter of 2022.
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