The inflow of long-term investments into the country continued its momentum in April 2021 as foreign fund managers allocated more funds to Philippine-issued debt from both the public and private sectors, according to the central bank.
In a statement, the Bangko Sentral ng Pilipinas said that foreign direct investment (FDI) net inflows more than doubled at 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 last year.
“The higher cumulative FDI net inflows was due to the i…
Keep on reading: Long-term funds surged into PH in April