BSP still upbeat on investments

THE Bangko Sentral ng Pilipinas (BSP) is optimistic that investments will continue to flow into the country notwithstanding the geopolitical tensions and the start of a new administration.

"There's a lot of confidence in the Philippine economy," central bank Governor Benjamin Diokno said during a virtual briefing on Wednesday, noting that foreign direct investment (FDI) net inflows surged by more than 50 percent last year to an all-time high of $10.51 billion.