PSA: No foreign investments in CV for Q2 2020

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CDNTopStories: Investments in Central Visayas massively dropped when the coronavirus pandemic peaked during the second quarter this year. Read more: CDNDigital

A glimpse of the skyscrapers of Metro CEBU. CDN Digital photo | Brian Ochoa

Figures posted by the Philippine Statistics Authority showed that the total investments both from foreign and Filipino nationals from April to June only amounted to P170.4 million. PSA’s data further showed that the P170.4 million worth of investments poured in the region for the second quarter of 2020 purely came from Filipino nationals as the section intended for foreign investments was marked with a dash.This meant that no FI were approved in Central Visayas for such period and that the approved FI in the country were for National Capital Region , Ilocos Region, Cagayan Valley, Central Luzon, Calabarzon, and Davao Region only.However, they said it was 68.

 

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