Philippine FDI inflow up 36 pct in 2013’s first 11 months

15:24 | 12/02/2014 Global Economy

Foreign direct investment (FDI) inflows into the Philippines rose by 36.6 percent to 3.6 billion USD during the first 11 months of 2013, according to the Philippine central bank.In November alone, FDI went up by 54.9 percent to 286 million USD.

In its statement, the central bank attributed the sharp increase of FDI inflows to the back of investors’ confidence in the growth prospects of the economy.

Most of the country’s foreign investments in the period came from Mexico, Japan, the US, British Virgin Islands, and Singapore. Foreign investors channeled their money mainly to manufacturing, water supply, and sewerage, waste management and remediation, financial and insurance, real estate, arts, and entertainment and recreation activities./.

Source Vietnam Plus

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