Wednesday 19 September
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
MANILA – President Rodrigo Duterte on Tuesday warned that Myanmar would overtake the Philippines if
The renewed economic ties between the Philippines and China should prompt Filipino businessmen into using
It will do more good for the Philippines to have closer ties with other nations.
DAVAO CITY – A leading arms manufacturer in Israel is set to put up a


 

Trending News

Recommended on sister sites

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