PH still favorable investment destination this 2018
Foreign direct investments in the Philippines surged to 21 percent last 2017, surpassing Bangko Sentral ng Pilipinas’ $8 billion projection for the year. This can translate to more opportunities for the Filipino people.
“Investors continue to view the country as a favorable investment destination on the back of sound macroeconomic fundamentals and growth prospects,” said BSP in a statement last Monday, March 12, 2018.
Japan, the United States, Netherlands, Singapore, and Hong Kong are the biggest investors. These investments went to gas, steam and air-conditioning supply; manufacturing; real-estate, construction, and wholesale and retail trade activities.
The Philippines also ranked No.1 in Business Insider Singapore’s The 20 Best Countries to Invest in Now. To make the list, the countries have to rate well in the following attributes: entrepreneurship, economic stability, favorable tax environment, innovation, skilled labor, technological expertise, dynamism, and corruption.
This year, BSP expects FBI net inflow to reach $8.2 billion.