MANILA, Nov. 15 (Xinhua) -- The total foreign investments (FI) approved in the third quarter of 2022 to the Philippines reached over 228 million U.S. dollars, 22.4 percent lower compared with the amount in the same period last year, the Philippine Statistics Authority (PSA) said here Tuesday.
The PSA said the foreign investments for the third quarter were mainly driven by investments from Japan which accounted for 34.5 percent of the total approved FI, followed by South Korea and Singapore.
The PSA said manufacturing bested all other industries as it stands to receive roughly 125.9 million dollars or 55.2 percent of the total FI pledges. Administrative and support service activities came in second, followed by real estate activities.
The agency said the projects would generate nearly 18,000 jobs. ■
