Economist bullish on rebound of FDIs

By Philippine News Agency

Mar 12, 2023 12:20 am

AN economist is optimistic about the rebound of foreign direct investments (FDIs) to the Philippines given the continued recovery of the domestic economy.

The Bangko Sentral ng Pilipinas (BSP) reported on Friday the 23.2-percent decline of net FDIs to $9.2 billion in 2022 compared to the previous year, and 76.2-percent drop of the net inflows in December 2022 to $634 million, both of which were traced to higher base effects.

Michael Ricafort, chief economist at Rizal Commercial Banking Corp

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