Close  

PH 7th most promising investment destination

The Philippines has become a more attractive destination of prospective foreign direct investments, placing seventh in a list of economies tagged as “most promising host countries,” the United Nations Conference on Trade and Development (Unctad) 2017 business survey showed.

The survey was part of the Unctad World Trade Investment Report 2017, which discussed global trends and prospects in FDI flows.

ADVERTISEMENT

The Philippines ranked 7th in a list of 15 developing and developed countries picked by business executives of multinational enterprises when asked for their top prospective host economies for 2017 to 2019.

This is an improvement from last year, when the country placed 9th, although it trailed behind two other member states of the Association of Southeast Asian Nations —Indonesia and Thailand, which are both third in the list, up from 8th and 14th, respectively.

“The United States, China and India remain the top prospective FDI destinations. Executives maintain their confidence in developing Asia’s economic performance and predict increased investments in SouthEast Asia, with Indonesia, Thailand, the Philippines, Vietnam and Singapore, in that order, all improving their ranking among the most promising host countries,” the report read.

The better prospects reflect the “renewed optimism” in the larger picture as global FDI flows are expected to increase by about 5 percent this year to about $1.8 trillion.

Read Next
LATEST STORIES
MOST READ
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: (Unctad) 2017, business survey, FDI flows, Investment destination, Unctad World Trade Investment Report
For feedback, complaints, or inquiries, contact us.


© Copyright 1997-2019 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.