Reform needed to maintain FDI momentum – DBS

The record-high foreign direct investment (FDI) that entered the Philippines last year may continue this year if the government follows through with implementing policy changes that can sustain the country’s attractiveness to investors, Singapore banking giant DBS said in a research report.

“Total foreign direct investment reached a record-high $6.2 billion in 2014, equivalent to about 2.2 percent of total GDP [gross domestic product]. Coupled with robust foreign remittances, the economy’s external liquidity position is indeed very strong,” DBS said.