A lawmaker on Wednesday said the 90-percent increase in the country’s foreign direct investments is proof that President Ferdinand Marcos Jr.’s trips abroad benefit the Philippine economy.
“A 90-percent increase in FDI is nothing to sneeze at. What we see is only the beginning and we look forward to more investments this year,” he added. Japan was the leading source of FDI for the month, accounting for 69 percent of the total, followed by the United States at 19 percent.“This is no coincidence because the President met with Japanese Prime Minister Fumio Kishida and other ASEAN leaders in Tokyo last December,” Reyes noted.
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