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Philippine's FDI surges 66 percent in 2014
(MENAFN) According to Philippines's central bank, the country's foreign direct investment (FDI) surged 66 percent to USD6.2 billion in 2014, setting a historical high, Xinhua reported.
The figure is higher than the USD3.7 billion in 2013 and also above the central bank's USD4.4-billion assumption for FDIs in 2014. The country's FDI rose more than fivefold in December alone.
"FDI inflows remained robust, buoyed by strong investor confidence in the country's solid macroeconomic fundamentals," the central bank said in a released statement.
The figure is higher than the USD3.7 billion in 2013 and also above the central bank's USD4.4-billion assumption for FDIs in 2014. The country's FDI rose more than fivefold in December alone.
"FDI inflows remained robust, buoyed by strong investor confidence in the country's solid macroeconomic fundamentals," the central bank said in a released statement.
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