Foreign investments

Foreign investment plunges in 2019 as trade war and corporate tax bill spook investors

Metro Manila (CNN Philippines, March 10) — Foreign investment in the Philippines plunged in 2019 to its lowest level in four years, with a global trade war and proposed changes to corporate tax breaks triggering market jitters. The Bangko Sentral ng Pilipinas said foreign direct investment (FDI) totaled $7.65 billion in 2019, down 23.1% from […]