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Jun 11, 2018 @ 18:19

Foreign investments jump to $682M in March

 

It’s more fun to invest in the Philippines.

Foreign direct investments started 2018 with a bang as capital inflows kept coming during the first quarter.

Investments jumped by 27 percent in March to $682 million, which brought the first-quarter tally up to $2.2 billion, the Bangko Sentral ng Pilipinas (BSP) said.

The figure soared by 43.5 percent compared to the $1.5 billion investments during January-March 2017.

“This reflected investors’ continued positive outlook on the Philippine economy on the back of sound macroeconomic fundamentals and robust growth prospects,” the BSP said.

Bulk of the flows came from Singapore, Hong Kong, China, Japan, and Taiwan.

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