NET foreign direct investments (FDI) this year could end up higher than originally projected, the Bangko Sentral ng Pilipinas (BSP) said, after the 2013 tally surpassed the official forecast.
Mar 112014
Jan 282014
NET inflows of foreign direct investments to Southeast Asia picked up last year as developing Asia as a whole remained the world’s top FDI destination, the United Nations Conference on Trade and Development (UNCTAD) reported yesterday.
Jan 232014
MACTAN, CEBU — The Philippine Economic Zone Authority (PEZA) is targeting more foreign direct investments (FDI), particularly in shipbuilding and car parts manufacturing, this year.
Jan 102014
MANILA, Philippines – Net foreign direct investment inflows rose 66 percent to $254 million in October last year from $153 million in the same period in 2012 amid the country’s robust growth and favorable macroeconomic fundamentals, the Bangko Sentral ng Pilipinas reported yesterday. “The notable rise in foreign investments into the country reflects favorable investor sentiment on the back of the country’s macroeconomic stability amid challenging global conditions,” the central bank said. The economy expanded 7.4 percent in the first nine months of last year, faster than the government’s six- to seven-percent target. Inflation stood at an average of three percent in 2013, at the low end of the BSP’s three- to five-percent target range. Central bank data showed net equity capital grew 19 percent to $68 million in October from $57 million in the previous year, while reinvested earnings plunged 44 percent to $50 million from $90 million. Placements in debt instruments or borrowings made by local subsidiaries from the parent companies, meanwhile, surged to $135 million from $6 million. Gross equity placements in October last year came from the US, Singapore, Switzerland, Hong Kong, and Taiwan. These funds went into manufacturing, transportation and storage, financial and insurance, real estate, and mining and quarrying. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 In the first 10 months of 2013, net FDI inflows went up 35 percent to $3.361 billion from $2.485 billion in the same period in 2012. Net equity capital placements slid 48 percent to $658 million Read More …
Oct 102013
NET foreign direct investments (FDI) turned around in July, posting a net inflow and surging by more than 200% from a year ago, the Bangko Sentral ng Pilipinas reported yesterday.
Aug 292013
THE PHILIPPINES must improve its ability to attract investments to take advantage of its favorable demographic, according to Bank of America — Merrill Lynch (BofA).
Jun 272013
THE DEPARTMENT of Agriculture (DA) through its National Rice Program (NRP) is now in favor of limited foreign direct investments in agriculture but remains against complete foreign control, a memo released this week said.
Jun 262013
GLOBAL FOREIGN direct investments (FDI) are expected to recover slightly from a general slump in the past year, a new report from the United Nations Conference of Trade and Development (UNCTAD) said.
Jun 132013
A DRIVE to increase the number of industrial parks opening their doors across the Philippines is gathering pace as the country moves to build on a landmark level of foreign direct investment (FDI) notched up last year.
Jun 102013
MANILA, Philippines (Xinhua) – Foreign portfolio investments known as “hot money” to the Philippines declined 8.5 percent on year to $1.3 billion in the first quarter of 2013, the central bank reported today. The central bank said lower net equity capital investments reduced inflow of portfolio investments in the country. Gross equity capital placements rose 49.4 percent on year to $1.5 billion in the first quarter, mostly due to investments that came in from Mexico, Japan, Malaysia and the U.S. But these placements were offset by withdrawal of $799 million during the same period. Reinvestment of earnings likewise declined, decreasing 26.3 percent on year to $196 million in the first quarter. Net placements by overseas companies in debt instruments issued by local affiliates totaled $378 million, up 71 percent on year as parent companies abroad continued to lend funds to their local subsidiaries and affiliates to sustain existing operations or expand their businesses in the country. In March alone, FDI posted net outflow of $78 million.