An economy growing at an average of 6.5 percent annually in the past eight years, like the Philippines, needs to import capital goods and services to expand its absorptive capacity and avoid overheating of the economy. As the government commits to accelerate infrastructure-focused investments, the increased 3/5  BIS central bankers' speeches  importation of capital goods, raw materials, and intermediate goods follow.
Also, the country’s current account deficit is manageable and financeable given the sustained structural sources of foreign exchange inflows in the economy. These include overseas Filipino remittances, BPO revenues and tourist receipts, as well as net inflows of both foreign direct investments (FDIs) and foreign portfolio investments (FPIs).