Net FDI inflow up 72% in Q1

Net inflow of foreign direct investments (FDIs) into the Philippines grew sharply in the first quarter in what monetary officials claimed was due to the country’s favorable economic performance.

The Bangko Sentral ng Pilipinas reported that net inflow of FDIs amounted to $850 million from January to March, up 72 percent from $493 million in the same period last year.

Gross inflow of FDIs for the three-month period reached $936 million while outflows amounted to $86 million.