Foreign direct investments (FDI) should top $10 billion this year, the Joint Foreign Chambers (JFC) said on Thursday, with the Philippines expected to remain an attractive destination amid “continued political and economic stability.”

“Increasingly, the Philippines is being recognized by foreign multinational firms, as well as smaller foreign companies, as a country on the road to realizing its high potential to be among the top tier of economies globally,” the JFC said in a statement.