Investment pledges by foreign investors in the Philippines fell 9.3 percent year-on-year in the last quarter of 2016, reversing a 45.6 percent increase in the corresponding 2015 period, official data showed on Friday.
Data released by the Philippine Statistics Authority (PSA) showed that foreign investments approved by the seven government Investment Promotion Agencies (IPA) in October to December dropped to P125.7 billion from P138.6 billion a year earlier.
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