FDIs surge in October 2017 to $2B from $670M


By Rose de la Cruz


Foreign direct investment net inflows rose threefold in October 2017 to $2 billion from $670 million in the comparable period in 2016.


The FDI surge reflects continued investor confidence in the country’s strong macroeconomic fundamentals and growth prospects.


Over ¾ of FDI net inflows were in equity capital with gross placements rising markedly to $1.6 billion from $84 million a year ago.


The other sectors where FDIs flowed were manufacturing; construction; real estate; and wholesale and retail trade.


The top country sources were the Netherlands, Singapore, Kuwait, the United States, and Germany. Investments in debt instruments (or intercompany borrowings between foreign direct investors and their subsidiaries/affiliates in the Philippines) amounted to $431 million, albeit lower by 22 percent than the previous year's level.


Meanwhile, reinvestments of earnings reached $57 million during the month.


On a cumulative basis, FDl net inflows for the first ten months of 20 .7 grew year-on-year by 20.5 percent to $7.9 billion, particularly for net equity capital investments which rose by 54.7 percent to $2.6 billion as gross equity capital placements of $3.1 billion. This more than offset withdrawals of $465 million.


Gross equity capital placements came mostly from the Netherlands, the United States, Singapore, Japan and Hong Kong.



By economic activity, equity capital investments were channeled mainly to electricity, gas, steam and air-conditioning supply, manufacturing; real estate; construction; and wholesale and retail trade activities, Non-residents' net investments in debt instruments totaled $4.6 billion during the period, 8.5 percent higher than the level recorded during the comparable period in 2016. Reinvestment of earnings amounted to $662 million.

Like us in Facebook


Latest News

IMAGE PH’s CO2 emission reduction plan lauded

International Civil Aviation Organization (ICAO) Secretary General Fang Lui has commended the Philippines on its voluntary submission of its State... Read More...
Foreign debts remain still at comfortable levels

    By Rose de la Cruz   The Bangko Sentral ng Pilipinas said the country’s foreign debts as of end-2017 remained at comfortable level at $73.1... Read More...
Bong still unsure of Senate run

Should he stay or should he go?  This is the question that Special Assistant to the President Christopher “Bong” Go is trying to answer and... Read More...
IMAGE In the know: Solar Philippines

Solar Philippines is currently the country’s – and Southeast Asia’s – largest solar-energy company. Founded in August 2013 by Leandro... Read More...
Wrong Dream Girl and Other Laughs

Wrong Dream GirlA FROG telephones the Psychic Hotline. His Personal Psychic Advisor tells him, "You are going to meet a beautiful young girl who will... Read More...
Confession Code and other laughs

Confession Code AN old priest who became sick of all the people in his parish who kept confessing to adultery said one Sunday, in the pulpit,"If I... Read More...

SUPORTADO nang ibat-ibang consumer group kabilang na ang Institute for Consumer Research and Empowerment (ICORE) ang panukalang dapat putulin na ang... Read More...
IMAGE Maliwanag na mensahe

PATULOY pa rin ang mainit na isyu hinggil sa total deployment ban nang mga overseas Filipino worker (OFW) sa Kuwait na ibinaba nang pamahalaang... Read More...

Our Guests

This week3310
This month19031

Visitor Info

  • Your IP:

Who Is Online


Wednesday, 21 March 2018
© 2016 OpinYon News Magazine Online. All Rights Reserved.

Please publish modules in offcanvas position.