Tuesday 19 June
Powered by Ajaxy
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.

Tags: , , ,

Related Stories
Outstanding debts grew more expensive amid the peso weakness.
MANILA -- Bureau of Immigration (BI) operatives arrested 19 foreign nationals wanted for a myriad
It's part of a global branding exercise.
The Philippines plans to conduct air talks with India, Papua New Guinea and Switzerland this


 

Trending News

Recommended on sister sites

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