BSP confident PH to generate record high $8-billion FDI in 2017

The Bangko Sentral ng Pilipinas (BSP)on Thursdayexpressed confidence that the target of record-high $8 billion in foreign direct investment (FDI) will be achieved in 2017 even as the inflows of job-generating projects fell below a year ago levels as of July.

“The BSP expects the Philippines to sustain FDI inflows this year, close to the $8-billion level in 2016. These prospective FDIs are expected to be channelled mainly to the manufacturing sector (such as electronics and motor parts), which can help create employment and more growth opportunities,” the BSP said in a statement.

“There is a huge potential in attracting further FDIs, which can put the country at par with the large l…

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