PH Foreign Direct Investments Hits Record High of $10-B | Get Daily Trending and Viral topics in Politics, Showbiz, News, Sports and Entertainmen DUTERTE TODAY

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The World Bank has finally tagged the Philippines as “fastest-growing economy in the ASEAN” up until 2020 and is no longer the ‘sick man of Asia’.

This significant attainment is brought about by the Country’s economic growth trail of a record-breaking $ 10-Billion worth of Net Foreign Direct Investments (FDI) in 2017. According to Central Bank of the Philippines(BSP), all major FDI Components registered have increased including Equity Capital, Reinvestment of Earnings, Associate’s Borrowings with a forecasted 3-year growth trend of up to 8%.

Pronouncement from BSP stated: “Investors continue to view the country as a favorable investment destination on the back of the country’s sound macroeconomic fundamentals and growth prospects”.

Source:
https://business.mb.com.ph/2018/03/12/ph-fdi-hits-record-10-b-in-2017/


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