Foreign direct investments reach $914-M in July, up 165 pct: BSP

ABS-CBN News

Posted at Oct 10 2018 08:20 PM

MANILA - Foreign direct investments (FDIs) rose significantly last July to US$914 million, up 165.5 percent from the $344 million posted in the same month last year, the Bangko Sentral ng Pilipinas (BSP) said Wednesday.

The BSP said, for the first 7 months of 2018, FDI net inflows reached $6.7 billion, higher by 52.1 percent compared to the same period last year.

"This reflected the continued positive investor sentiment on the Philippine economy on the back of strong macroeconomic fundamentals and growth prospects," the BSP said. 

Most of the investments went to manufacturing, finance and insurance, real estate, arts, entertainment, recreation, electricity, gas, steam and air-conditioning supply activities. 

Investment in debt instruments expanded by 21.8 percent to $4.3 billion from $3.6 billion last year, the BSP said.