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.