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Friday, December 15, 2017

FDIs in PH up 40 percent in 2016

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By Philippine News Agency

Foreign Direct Investments (FDIs) in the country rose 40 percent year-on-year in 2016 and surpassed the government’s USD6.7 billion target.

(Pixabay / MANILA BULLETIN)

(Pixabay / MANILA BULLETIN)

The Bangko Sentral ng Pilipinas (BSP) has reported that FDIs reached USD7.9 billion last year, higher than the previous year’s USD5.7 billion as all components registered across-the-board growth.

“FDI inflows remained robust, supported by strong investors confidence in the country’s solid macroeconomic fundamentals,” it said.

The central bank said placements on debt instruments posted a net of USD5.2 billion, up 68.6 percent from the USD3.1 billion in end-2015.

Investments in equities registered a net of USD2 billion, up 12.1 percent, with placements higher than withdrawals.

Equity placements last year reached USD2.7 billion, higher than the USD643 million withdrawal.

The capital came mainly from Japan, Hong Kong, Singapore, US and Taiwan and were invested in financial and insurance, arts, entertainment and recreation, manufacturing, real estate, and construction activities.

Last December alone, FDIs posted net inflows amounting to USD669 million, more than twice the USD272 million a year ago. (P

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  • 他妈的中国

    where are the anti-Dutertes?… what can they say about this?

  • leomar101

    This is a very bad news to the yellow dogs and the LP. Meaning the efforts of trillanes, laila deputa and nagaleak leni did not have any effect on the foreign investors. hahahaha. By May the impeachment of trillanes will come he said as sure as the sun rise in the east. hahahahaha. butata na naman angmga animal na taong nag nanasang bumagsaka ngbansa.

  • Ros Feliciano

    Does anyone know that the Philippines is at “medium” term Newly Industrialized Country? Let us help our government push it to “high” term NIC; can we do it at our own rights and of course within our limitation as private individuals so we can be proud of our country and people? Let us not be with the noises involving politics.