00:00Despite global economic headwinds, the Philippines continues to attract strong interest from international investors in key sectors.
00:08In the first quarter of the year, the government approved nearly 28 billion pesos, or about 502 million U.S. dollars, in foreign investments.
00:18While this marks a decline from last year, the country remains an attractive destination, particularly for strategic sectors like real estate, manufacturing, and support services.
00:30South Korea led the way, accounting for over 44 percent of total pledges, with commitments reaching 12.36 billion pesos.
00:39And the United States and China also showed confidence in the Philippine economy, pledging more than 3 billion and nearly 2.9 billion pesos, respectively.
00:50Total investment pledges from both foreign and Filipino investors reached over 181 billion pesos.
00:57The Philippine Statistics Authority, or PSA, highlighted that real estate drew the largest foreign capital,
01:03followed by manufacturing and administrative services, signs of a diverse and expanding investment landscape.
