‘Net FDI may grow in coming months’home/Business/Top Business/‘Net FDI may grow in coming months’GROWTH in net foreign direct investments (FDI) could “pick up in the coming months” despite dropping to a four-month low in March, according to an analyst. The Bangko Sentral ng Pilipinas (BSP) reported on Monday that net FDI reached $586 million in March, down 13.9 percent from $681 million in the same month last year and bringing the tally for the first quarter to $1.941 billion. According to Ricafort, factors that would drive FDI growth are the credit upgrade the country received in late April and lower interest rates. Other factors that could boost FDI growth, Ricaford said, include greater clarity on the proposed rationalization of fiscal incentives, easing inflation that would increase the profits of some foreign investors, and increased government spending on major infrastructure projects that would will improve the movement of goods in the country. He added, however, that a major risk is the global economic slowdown due to the trade row between Washington and Beijing.

Source: Manila Times June 12, 2019 16:30 UTC