Manufacturing investments reach $1.15 billion

DEPARTMENT of Trade and Industry (DTI) Secretary Ramon Lopez announced on Tuesday that investments in manufacturing surged by 244 percent, posting a record of $1.15 billion inflows.

“The figures account for 35 percent of the $3.3 billion equity capital placements in 2017,” said Lopez.

The statement was released following the report on the 2017 net foreign direct investments (FDI), which hit an all-time high of $10.1 billion.

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