The BPS stated that the increasereflects investors’ continued confidence in the country’s strongeconomic growth and sound macroeconomic fundamentals.
Most FDIsources came from the US, Singapore, Taiwan (China), Japan and Germany,focusing on manufacturing, real estate, wholesale and retail trade,finance and insurance, transportation and warehouse.
Thesignificant rise in FDI during the month was attributed the sustainedgrowth in investments in debt instruments and higher lending of parentcompanies abroad to their local affiliates to fund existing operationsand business expansion plans in the country, the BSP said.
Thebank’s statistics showed that FDI inflows to the Southeast Asian countryin the first nine months of this year reached 4.88 billion USD, 11percent higher than the goal of 4.44 billion USD set for the wholeyear.-VNA