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The DTI reports that investor confidence remains stable, despite a decrease in FDI.


THE Department of Trade and Industry (DTI) said investor confi

The strength of the evidence remains unchanged, even though there has been a decrease in foreign direct investment (FDI).f

The report mentions that local investors are continuing to invest in new projects within the country, while there is also an influx of foreign investment applications.

“Despite a decrease in foreign direct investment in the Philippines during the first half of 2023, there is still significant interest from foreign investors.”fi

Trade Secretary Alfredo E. Pascual stated that the reinvested earnings and foreign investment approvals from the Board of Investments and other investment promotion agencies serve as strong evidence of confidence in the country’s economy.

“The foreign investment approvals by the DTI’s IPAs have been a key indicator of investment performance during the Marcos Jr. administration,” he stated. He noted a steady rise in approvals since the previous year.

2018

After the 2018 FDI, Mr. Pascual released the declaration.fl201

The total estimated revenue for the year 201 was $3.9 billion, showing a decrease of 20.4%.fi
First half of a report issued by the Bangko Sentral ng Pilipinas.

In the meantime, the Department of Trade and Industry (DTI) announced that there has been an increase in the number of IPA approvals. f

The initial portion totaled $8.45 billion, an increase from $1.06 billion in the previous year.

According to the DTI, FDI is not only a result of recent investment opportunities, but can also be influenced by decisions made in previous years.

The length of time it takes for a project to go from idea to completion can differ greatly depending on factors such as the type of project, the industry, and the regulations in the country where it is being implemented.

5 months

According to him, setting up business process outsourcing centers typically takes a few months, while manufacturing projects can take four to five months. five years.

The article stated that the duration of renewable energy initiatives varies based on their size.

According to Mr. Pascual, the FDI figures are a reflection of investors’ decisions made prior to the actual funding.fl

The central bank reported a decrease in inflows, possibly influenced by global financial circumstances.

“Factors such as inflation rates and investment rates substantially influence FDI decisions. Stable infl

Foreign direct investment is often drawn in by favorable conditions and competitive interest rates, but is deterred by high levels of interest.fl

He mentioned that unfavorable conditions and rates may discourage foreign investors.

ff

“He also mentioned efforts to market the Philippines as a desirable location for investments,” stated Justine Irish D. Tabile.