5 months Investment pledges down 95% in February Manilatimes |Biz
Combined foreign and domestic investment approvals lost momentum in February, plunging by 95 percent from a year earlier after a 91-percent surge at the start of 2019. Investment pledges approved for the month amounted to just P3.85 billion, the Trade department reported on Thursday, down markedly from the P80.31 billion posted a year earlier. It was also reversal from January when approved pledges nearly doubled to P97.9 billion from P51.3 billion. Year to date, investment approvals fell by 23 percent to P101.72 billion from the P131.61 billion recorded in January-February last year. The Trade department attributed the February plunge to ... more