PSA: PH investment approvals surged in Q3
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NewsTranscript
00:00The country's approved investments grew by over six times in the third quarter of this year
00:06with nearly 75 percent coming from local investors.
00:10According to Philippine Statistics Authority or PSA data,
00:13total approved investments from both foreign and Filipino nationals
00:19reached 541.29 billion pesos between July and September,
00:25reflecting a 542.1 percent increase compared to the 84.29 billion pesos
00:34recorded in the same period last year.
00:37The PSA stated investment approvals are projected to create more 33,700 jobs.
00:45The largest portion of these foreign investments amounting to 48.1 percent
00:50or 70.5 or 57 billion pesos will be directed towards the manufacturing industry.