BANGKO Sentral ng Pilipinas Governor Nestor Espenilla Jr. expects the growth momentum of foreign direct investments to be sustained this year, citing a number of drivers for expansion, such as the country’s solid macroeconomic fundamentals and strong partnerships with traditional and non-traditional trading partners.
At the sidelines of an event in Makati City on Tuesday, Espenilla said it made sense to look at the Philippines as an investment destination from an investment standpoint.
“We’re certainly hopeful because there are many drivers for more FDI. Among other things, the growth momentum is strong, we are opening new relationships across borders beyond Asean and Greater Asia so we have more expectations of increased FDI.,” Espenilla said.
He said the ambitious “ Build, Build, Build” program of the Duterte administration was expected to create private sector demand.