Philippines is on the list of the top 20 investment destinations of the United Nations.
Philippines ranks at number 19 as reported by the United Nations Conference on Trade and Development (UNCTAD), which was based on a survey conducted among transnational corporations (TNCs). This is the first time in three years that the country entered the list.
China is the top-most preferred investment destination, while Hongkong and Turkey ties up with the Philippines at number 19.
Other countries which made it to the top 20 are Japan, India, Malaysia, Indonesia, Thailand, Vietnam, United States, Germany, Brazil, Mexico, United Kingdom, Russian Federation, Australia, Poland, South Africa, Canada, and France.
Moreover, Philippines ranks second among the ASEAN member countries that recorded the biggest foreign direct investment (FDI) inflow for the first half of this year.
The country had a 10.9-percent increase in FDI inflows to $2.2 billion in the first half of the year, based on the UNCTAD report.