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

Features

Latest News

2019 budget pegged at P3.4 trillion

By Rose de la Cruz     After last week’s release of the Budget Call for 2019 under National Budget Memorandum No. 129, representatives from... Read More...
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... Read More...
Comelec control urged for narco-infested LGUs

  By Francisco Benjamin Garcia   Rep. Bernadette Herrera-Dy, chairman of the committee on public information at the lower house has urged that... Read More...
IMAGE IN THE MIDDLE OF THE STORM

WHILE the modernization of public utility vehicles has always been in the wish list of past administrations, thought of as a solution to the... Read More...
IMAGE Honest Hubby and Other Laughs

Honest Hubby?THERE was this old lady who was caught shoplifting. On court day her husband accompanied her as she faced the judge. "Why did you... Read More...
IMAGE All about women and wives and other laughs

All about women and wives I married Miss Right. I just didn’t know her first name was Always. ***** Marriage is a three-ring circus: engagement... Read More...
IMAGE TAMANG DESISYON

TULUYAN nang tinuldukan ni Presidente Rodrigo Duterte ang anumang pagtatangka ng ibang mga grupo at sektor na buhaying muli ang usapang... Read More...
IMAGE GINHAWA PARA SA MGA MAMAMAYAN

Guhit ni Ed Rompal INIULAT ni Senador Sonny Angara na nagkasundo na ang congressional bicameral conference committee sa limang probisyon na... Read More...

Our Guests

Today776
Yesterday851
This week4830
This month15926
Total840873

Visitor Info

  • Your IP: 54.82.29.141

Who Is Online

21
Online

Thursday, 18 January 2018
© 2016 OpinYon News Magazine Online. All Rights Reserved.

Please publish modules in offcanvas position.