The Department of Trade and Industry on Thursday expressed optimism on the country's investment climate despite the double-digit decline in foreign direct investments seen in April as the Board of Investments booked record investment commitments in the first half of 2024.In a statement, the DTI said its attached agency, BOI, approved a total of P950 billion worth of investments from January to June 2024.
We are also banking on the investment pipeline built from the BOI's high level of foreign investment approvals," Pascual said.Central bank data also showed that January to April FDI net inflows stood at $3.5 billion, up from $3 billion in the same period last year, which "reflects investor confidence in the Philippine economy's resilience amid global uncertainties.