Net foreign direct investments (FDI) reached an all-time high of $10.049 billion in 2017, the Bangko Sentral ng Pilipinas (BSP) reported on Monday, up by 21.4 percent year-on-year and exceeding the full-year target of $8 billion.

“Investors continue to view the country as a favorable investment destination on the back of … sound macroeconomic fundamentals and growth prospects,” the central bank said in a statement.

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