MANILA, Philippines – Foreign direct investments (FDI) increased in July despite high inflation, a slowdown of economic growth, and short term capital flight.
The Bangko Sentral ng Pilipinas reported on Wednesday, October 10, that FDI inflows in July reached $914 million, 62.36% higher than the $344 million in the same month last year, and higher than the $831 million recorded in June.
"This reflected the continued positive investor sentiment on the Philippine economy on the back of strong macroeconomic fundamentals and growth prospects," the BSP said.
ABOUT PTIC TAIPEI
The Philippine Trade & Investment Center in Taipei is the Commercial Affairs Section of the Manila Economic and Cultural Office and the representative office of the Philippine Department of Trade & Industry in Taiwan