According to a report from the BSP, FDI inflows amounted to $919 million in January, $332 million higher than the $587 million recorded in the same month in 2017. The central bank said equity placements surged by a dramatic 647 percent to $531 million in January from a year-ago level of $71 million while equity outflows jumped 340 percent to $58 million from $13 million. FDI inflows last year exceeded the BSP’s $8 billion target. Espenilla also cited the plan of the national government to undertake massive infrastructure projects under the Build Build Build program wherein P8.4 trillion would be spent until 2022. “We have demand for it and we have Build Build Build and that’s creating private sector demand to support the program.

Source: Philippine Star April 10, 2018 15:45 UTC