March 22, 2017

Foreign Investments still on an Upward Swing

The Philippines still sees a prosperous inflow of foreign investments, which are sustained by the service industry, despite several economic challenges. In an article written by the Philippine Star, "the Philippines recorded a record $7.9 billion net FDI inflow last year, exceeding the full-year target of $6.7 billion, amid external shocks brought about by the decision of the United Kingdom to leave the European Union and the normalization of interest rates in the US."

The BSP sees FDI inflows reaching $7 billion this year as the Duterte administration committed to ramp up infrastructure spending.