All-time high FDI elates Palace


MALACAÑANG welcomed news that the country’s foreign direct investment (FDI) net inflows was at an all-time high during the first full-year of the Duterte administration.

The “record-breaking” $10 billion FDI net inflows in 2017 are 21.4 percent higher than the previous year’s record.

The foreign investments came mainly from the Netherlands, Singapore, the United States, Japan and Hong Kong.

The investments have created more jobs for Filipinos in the fields of manufacturing; real estate; wholesale and retail trade; information and communication; and arts, entertainment and recreation activities, Presidential Spokesman Harry Roque said in a press briefing at the Palace on Tuesday.

p: wjg