MANILA, May 15 (Xinhua) -- The Philippines' approved foreign investments in the first quarter of 2025 reached 27.99 billion pesos (roughly 501.98 million U.S. dollars), down 82 percent from a year earlier, the Philippine Statistics Authority (PSA) said Thursday.
South Korea led all sources with pledges amounting to 12.36 billion pesos (about 221.43 million dollars), accounting for 44.2 percent of the total. The United States and China followed with 3.08 billion pesos (55.2 million dollars) and 2.88 billion pesos (51.6 million dollars), respectively.
The PSA noted that real estate activities attracted the largest share of foreign investments, followed by the manufacturing industry, administrative and support service activities.
According to the agency, total approved investments from foreign and Filipino nationals in the first quarter of 2025 reached 181.93 billion pesos (around 3.26 billion dollars), a 43.7 percent decrease year-on-year. ■
