According to the "The Report: The Philippines 2014", a study released by Oxford Business Group, a leading market research and consultancy agency, foreign direct investments (FDI) in the Philippines will maintain growth momentum this year.
The report emphasized on the upcoming potential investment opportunities in the country. Rodrigo Diaz, Editorial Manager of the report, noted that within the ASEAN region, the once struggling Philippines posted positive FDI results in 2013.
Diaz added that during the first nine months of 2013, a 33-percent year-on-year increase on net FDI inflows which amounted to $3.11 billion was posted. He also stated that Fitch’s recent rating upgrade of BBB- for the country improved its position in the investment grade space, and so did the ratings from Moody’s and Standard and Poor’s.
For 2013, Diaz noted that the country has improved so much that it is now a preferred destination for investments.