PH the ‘lone economy’ in SEA to post FDI growth
The Philippines posted a 29 per cent growth in foreign direct investments (FDI) last year, making it the sole economy to post an FDI growth in Southeast Asia amid the pandemic, as reported by the 38th Global Investment Trends Monitor.
The Philippines also secured the fourth highest FDI for 2020 in the region, right behind Singapore, Indonesia, and Vietnam. The first three frontrunners, however, recorded declines of 57%, 24%, and 10%, respectively.
“The strength of Southeast Asia as a region remained evident,” the report added.
