Wednesday 18 July
Powered by Ajaxy
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.

Tags: , , ,

Related Stories
The Philippines and India have signed an agreement amending their air transport accord to facilitate
The Philippines and Spain inked an agreement that allows international commercial air transport services between
The state-run Social Security System (SSS) on Thursday disclosed that it invested PHP3 billion of
Hong Kong-based Golden Millennial Quickpay Inc. Ltd. (GMQ) has launched its cryptocurrency exchange and financial


 

Trending News

Recommended on sister sites

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