• 3,000 firms
  • Independent
  • Trusted
Save up to 70% on staff

News » FDI pledges sink deeper into two-year low in second quarter

FDI pledges sink deeper into two-year low in second quarter

FDI pledges sink deeper into two-year low in second quarter

Foreign direct investment (FDI) pledges in the country’s economic zones further sank in the second quarter – the Philippine Statistics Authority on Friday reported that a total of P15.5 billion FDI pledges were approved from April to May, down 68.8% year-on-year from P49.6 billion recorded in the same period in 2019.

The data was the lowest recorded since the first quarter of 2018 when FDI pledges amounted only to P14.21 billion.

FDI pledges are bets placed on the country’s ecozones, whose key attractions are tax holidays and other perks. As part of its stimulus measures, the government is banking on these incentives— and a 5 per cent cut on corporate income tax rate— to lure back foreign investments potentially lost during the pandemic, as well as new ones.

Read more here. 

Start your
journey today

  • Independent
  • Free
  • Transparent

About OA

Outsource Accelerator is the trusted source of independent information, advisory and expert implementation of Business Process Outsourcing (BPO)

The #1 outsourcing authority

Outsource Accelerator offers the world’s leading aggregator marketplace for outsourcing. It specifically provides the conduit between Philippines outsourcing suppliers and the businesses – clients – across the globe.

The Outsource Accelerator website has over 5,000 articles, 350+ podcast episodes, and a comprehensive directory with 900+ BPO companies… all designed to make it easier for clients to learn about – and engage with – outsourcing.

About Derek Gallimore

Derek Gallimore has been in business for 20 years, outsourcing for over eight years, and has been living in Manila (the heart of global outsourcing) since 2014. Derek is the founder and CEO of Outsource Accelerator, and is regarded as a leading expert on all things outsourcing.

“Excellent service for outsourcing advice and expertise for my business.”

Learn more
Banner Image
Get 3 Free Quotes Verified Outsourcing Suppliers
3,000 firms.Just 2 minutes to complete.
SAVE UP TO
70% ON STAFF COSTS
Learn more

Connect with over 3,000 outsourcing services providers.

Banner Image

Transform your business with skilled offshore talent.

  • 3,000 firms
  • Simple
  • Transparent
Banner Image