DTI: 17% Increase of $1.56 Billion of Foreign Direct Investments in the First 3 Months of Pres. Duterte


The Department of Trade and Industry reported that there's a 17-percent increase to $1.56 billion in the first three months of 2017 under the administration of Pres. Rody Duterte as the country's chief executive.


According to DTI the business confidence level in the Philippines rose to 43-percent in the second quarter of 2017 from 39 percent in the first quarter, indicating investments in 2017 may reach a record high under the Duterte admin.

DTI also confirmed that consumer confidence in the Philippines also improved for the second quarter of 2017, climbing to a double-digit record high of 13 percent from 8.7 percent in the first quarter of 2017.

The increased investor confidence in the Philippines is reflected by the 41 percent rise in the number of companies and organizations from the international community that visited the country from July to December 2016.

Aside from the increase in foreign direct investments worth billions of dollars, the unemployment rate in the Philippines also dropped 5.7 percent in April 2017 from 6.6 percent in January.

Based upon the government data, it showed that the net inflow of FDIs in 2016 reached $7.93 billion, up 41 percent from $5.64 billion generate in 2015 under the Aquino administration.


DTI also reported that the foreign investments level in the second semester of 2016 almost doubled compared with the first semester, "a clear indication of the growing foreign investor confidence in the country's sound economic policies and attractive business environment."

The Presidential visits of Pres. Duterte in various countries worldwide resulted in several investments agreements and letter of intents among businessmen amounting to $37 billion, $18 billion in official development assistance loans and $4.3 billion worth of trade.

Total pledged investments with the Board of Investments in January to May 2017 increased 25 percent to P174.47 billion from P139.34 billion year-on-year. The approved investments came from 218 projects with an estimated 51,847 additional jobs to be created.

Source: Manila Standard


DTI: 17% Increase of $1.56 Billion of Foreign Direct Investments in the First 3 Months of Pres. Duterte DTI: 17% Increase of $1.56 Billion of Foreign Direct Investments in the First 3 Months of Pres. Duterte Reviewed by Phil Newsome on 7/04/2017 Rating: 5

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