Bangko Sentral ng Pilipinas (BSP) data showed that net FDI inflows spiked by 40.7 percent to $7.93 billion in 2016 from $5.63 billion a year earlier. Last year’s net FDI also surpassed the $6.7-billion forecast by the BSP in 2016. In December alone, net inflows amounted to $669 million, more than double the $272 million recorded in the comparable period in 2015. “FDI inflows remained robust, supported by strong investors’ confidence in the country’s solid macroeconomic fundamentals,” the BSP said on Friday. Equity capital investments posted net inflows of $2.3 billion, up 12.1 percent from $1.18 billion in the same comparable period.

Source: Manila Times March 10, 2017 17:25 UTC