Monday 17 December
Jul 11, 2018 @ 16:11

Foreign investments hit $1B in April

 

Foreigners remain devoted to pouring money into the Philippines.

Foreign direct investments (FDI) kept rising in April to hit over $1 billion, picking up from $682 million in March.

The Bangko Sentral ng Pilipinas said the amount nearly matched the $1.1 billion inflows recorded in April 2017, as foreign investors dumped equity capital into the country.

“FDI inflows were boosted by continued favorable investor sentiment on the back of the country?s solid macroeconomic fundamentals and growth prospects,” the central bank said.

The four-month investment tally now stood at $3.2 billion, up 24 percent year-on-year.

Please follow and like us:

Tags: , , ,

Related Stories
Sales dropped just as a boycott was launched against their products.
Foreign debt continued to grow as of September.
President Rodrigo Duterte believes the Philippines will continue to be hugely reliant on oil for
This health service provider made the most money during the first semester.


 

Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.