MANILA – Net inflows of foreign direct investments reached a
record $10 billion (P521 billion) in 2017, reflecting the draw
of a fast-growing economy on investors, official data released
The total in 2017 was 21.4 percent higher compared to the
previous year, the Bangko Sentral ng Pilipinas said in a
“Investors continue to view the country as a favorable
investment destination on the back of the country’s sound
macroeconomic fundamentals and growth prospects,” the BSP said.
Net equity capital placements grew 25.9 percent to $3.3
billion, coming mainly from the Netherlands, Singapore, the
United States, Japan, and Hong Kong, the BSP said.
These inflows went to the following industries: gas, steam and
air-conditioning supply; manufacturing; real estate;
construction; and wholesale and retail trade activities.
Net availment of debt, which consists mainly of corporate
borrowings, rose 20.7 percent to $6 billion. Reinvestment of
earnings rose 9.3 percent to $776 million.
Net FDI inflows in December, however, fell 9 percent to $699