Monday 19 February 2018
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FDI inflows exceed 2017 goal with December still untallied

Foreign direct investments into the country in the first 11 months of 2017 exceeded the full year target as local units of overseas firms benefited from the inflow of capital to fund their expansion plans, the Bangko Sentral ng Pilipinas said on Monday. BSP data show that the net inflow from January to November last year reached $8.7 billion, exceeding the $8 billion projection for 2017. The sustained FDI inflows reflected investor confidence given the Philippine economy s solid macroeconomic fundamental

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