The Philippines’ central investment announced that foreign investment into the country increased by 18% in February compared to the year before.
Investment increased to $359 million (£230 million) in February from $305 million in February 2014. February’s inward investment was 37% than in January.
Foreign companies are investing in capital to develop their business units in the Philippines. The investments are largely going into manufacturing companies in the air conditioning, gas, and steam sectors, as well as into the financial services sector, transportation, storage and scientific businesses.
The investments originate mainly from the United Kingdom, USA, Spain, Japan, and Singapore. Companies are increasingly confident about the stability in the Philippines to make it an attractive investment.