[av_one_full first min_height=” vertical_alignment=” space=” custom_margin=” margin=’0px’ padding=’0px’ border=” border_color=” radius=’0px’ background_color=” src=” background_position=’top left’ background_repeat=’no-repeat’ animation=”]
[av_heading heading=’‘More foreign investments mean growing confidence’’ tag=’h3′ style=’blockquote modern-quote’ size=’30’ subheading_active=’subheading_below’ subheading_size=’18’ padding=’10’ color=” custom_font=” av-medium-font-size-title=” av-small-font-size-title=” av-mini-font-size-title=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” admin_preview_bg=”]
BY PRINCE GOLEZ
[/av_heading]
[av_textblock size=” font_color=” color=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” admin_preview_bg=”]
February 15, 2018
[/av_textblock]
[av_textblock size=’18’ font_color=” color=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” admin_preview_bg=”]
MANILA – The high foreign direct investments (FDI) indicate a high investor confidence in the Philippines, according to a senator.
The FDI net inflows of US$8.7 billion from January to November 2017 surpassed the US$8-billion projection for that year, the Bangko Sentral ng Pilipinas reported.
Central bank Governor Nestor Espenilla Jr. said FDI posted net inflows amounting to US$869 million in November 2017 – 16.9 percent higher than the previous year.
The growth in FDI is a “good indication” of the growing foreign investor confidence in the country, said Sen. Loren Legarda.
This should not only result in a “more robust economy” but also redound to the benefit of the poor Filipinos, said the chairwoman of the Senate Committee on Finance.
According to Legarda, FDI flows into the country will further improve through the government’s “Build, Build, Build” infrastructure development agenda and the tax reform law.
“But again the remaining challenge here is to translate this positive growth into actual actions, projects and programs that will truly impact the poorest of our poor,” she said.
Legarda added: “We must ensure that the benefits trickle down to the poor, especially since FDIs generate local jobs.
“We have to bring the information to the people so they know the opportunities available to them and help match the jobs available with the skills of our people.”/PN
[/av_textblock]
[/av_one_full]
