The Philippine monetary basics continue to be strong to draw overseas direct investments (FDIs) even amid troubles of extra-judicial killings, said former Socioeconomic Planning Secretary Arsenio Balisacan on Tuesday.
“So a long way, the monetary fundamentals are strong… Now, we have so many sectors which can be developing and providing assets of foreign exchange. Remittances are very strong (and) tourism; foreign investments are coming in,” he instructed journalists.
Balisacan, former director general of the National Economic and Development Authority (NEDA), noted that foreign investors pour in their cash into the country, taking into consideration the usa’s economic fundamentals over the last few years and the years ahead.
“When buyers are available in, I’m speakme about FDIs, no longer the portfolio investments, they study the long photo, the massive photograph, no longer the quick-term volatilities,” he defined. “They don’t take a look at daily or week-to-week or monthly adjustments.”
forex news blog 