NET inflow of foreign direct investments in the first 11 months of 2016 reached $6.973 billion, surpassing the Bangko Sentral ng Pilipinas’ revised target for the year of $6.7 billion, driven mainly by investors’ sustained confidence in the country’s strong macroeconomic fundamentals.
Data showed the net inflow in the first 11 months was 25 percent higher than $5.563 billion a year ago.
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“The continued FDI inflows were buoyed by investors’ confidence in the economy on the back of sound macroeconomic fundamentals and sustained growth potential,” Bangko Sentral said in a statement.
Net availment of debt instruments increased 44 percent to $4.5 billion from $3.1 billion a year ago. Net equity capital investments grew 3.4 percent to $1.8 billion.
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