MANILA, Philippines — Foreign direct investments to the Philippines continued their ascent in September despite intense investor panic created by the hyper-contagious Delta variant at the time, with the year-to-date tally already running above the central bank’s forecast for the entire 2021. What’s newFDIs posted a net inflow of $660 million in September, up 30.4% year-on-year, the Bangko Sentral ng Pilipinas reported Friday. A net inflow means more of these job-generating foreign investments entered the country against those that left. In nine months, FDIs recorded a net inflow of $7.29 billion, 43.8% larger compared with a year ago and already exceeding the BSP’s forecast of $7 billion net inflow for the entire 2021. With its full-year projection already exceeded, the BSP may announce a higher FDI forecast for 2021 on Friday.

Source: Philippine Star December 10, 2021 17:01 UTC