News Release

From Presidential Spokesperson Ernie Abella – On Foreign Direct Investments

The reduction in equity inflow does not present the full foreign direct investment (FDI ) picture.

We suggest we look into the whole investment picture covering both foreign and local investments to see the complete picture.

Data from the Board of Investments (BOI) shows a 32% increase of investment pledges, as of October. BOI covers both local and foreign investment pledges registered with BOI. Several local companies likewise informed the Department of Trade and Industry (DTI) of new investments and expansion plans. These include investments in coconut products, energy, power, cement, iron and steel and many more.

The decline in foreign direct investments (FDIs) for January to June may be just a timing issue. Several investors remain bullish on the Philippine economy and confidence on the current administration. They are in different stages of feasibility studies.

Moving forward, the President’s economic team will work double time to show that the Philippines is on a breakout.