Investment pledges for the Philippines from foreign investors fell 27.9 percent in the fourth quarter of 2014 compared with a year earlier, with six of seven Investment Promotion Agencies (IPAs) recording lower approved foreign investment during the quarter.
Total foreign investments (FI) approved in the fourth quarter of 2014 by the seven IPAs dropped to P95.19 billion from P131.96 billion approved in the same period last year, data from the Philippine Statistical Authority (PSA) showed on Monday.
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