Pledges made through IPAs up 542%

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PLEDGES made by foreign and Filipino nationals through the government’s Investment Promotion Agencies (IPAs) grew more than five-fold in the third quarter of 2024, according to the Philippine Statistics Authority (PSA).

The PSA said this indicated an increase of 49.4 percent from the 22,571 expected jobs in the same quarter of the previous year.

This was followed by Bicol Region with P51.84 billion and Central Luzon with P15.2 billion.These accounted for 35.3 percent and 10.4 percent of the total FI, respectively.

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Article Details

Author / Journalist: Cai U. Ordinario

Category: BusinessStartups

Markets: Philippines

Topics: Percent Pledges Year Quarter Total Approved Investments Filipino Foreign Billion Third

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 16:08:00 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 531 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Business Mirror

News ID: 23588587

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