Philippines central bank seeks to allay concerns on FDI slowdown
Government is struggling to meet ambitious growth targets
Despite slower growth of foreign direct investment so far this year, the Central Bank of the Philippines (BSP) has sought to inject confidence by saying the whole year’s FDI will likely be similar to 2016 and stressing the “huge potential” for further investment.
In the first seven months of the year, the Philippines recorded $3.9 billion FDI net inflows, 16.5% lower than the $4.7 billion net inflows for the same period last year, according to the figures published by the BSP on October 10.
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