Foreign Direct Investment (FDI) net inflows into the country hit $4.8 billion from January to May 2018, exhibiting a growth of 49% compared to the US$3.3 billion figure from the same period in 2017. According to the Bangko Sentral ng Pilipinas (BSP), this growth is mainly on account of the expansion in net equity capital investments by 469.1% to US$1.4 billion.
Foreign Direct Investments
Recent progress in the relationship between China and the Philippines is considered as one of the primary factors to further improve the country’s FDI. According to Board of Investment (BOI) Managing Head and Department of Trade and Industry, the interest of Chinese investors in the country will contribute to a sustained growth of Philippines’ economy.