MANILA, Philippines — The inflow of long term investments into the country continued its momentum in April 2021 as foreign fund managers allocated more money to Philippine-issued debt from both the public and private sectors, according to the Bangko Sentral ng Pilipinas (BSP).
In a statement, the BSP said that foreign direct investment net inflows rose by 114.4 percent year-on-year to $679 million from $317 million in the same period last year.
This brought the foreign direct investment net inflows for the first four months of 2021 to $3.1 billion — a 56.3 percent increase from $2 billion in the comparable period in 2020.
“The higher cumulative …
Keep on reading: Long term funds surged into PH in April as foreigners snap up PH debt