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 billion, up by $730 million or 1 percent over that of September 2017 level of $72.4 billion.

 

BSP Governor Nestor Espenilla said the growth in the debt level during the quarter was due largely to the $1.3 billion increase in the holdings of Philippine debt papers by non-residents, reflecting sustained investor interest in the country.

 

Positive foreign exchange (FX) revaluation adjustments ($70 million) contributed to the increase in…

Read more: Foreign debts remain still at comfortable levels

2017 foreign direct investments hit all- time high

 

 

By Rose de la Cruz

 

The full-year 2017 foreign direct investments (FDIs) hit all time high of $10 billion net inflows up by 21.4 percent from the previous year.

 

Investor continue to view the country as a favorable investment destination due to its sound macroeconomic fundamentals and growth prospects.

 

All major FDI components registered increases during the year with net equity capital investments expanding by 25.9 percent to $3.3 billion, with gross placements of $3.7 billion exceeding withdrawals of $479 million.

 

Equity capital placements originated largely from the Netherlands, Singapore,…

Read more: 2017 foreign direct investments hit all- time high

How to spot investment scams in the Philippines

 

By Rose de la Cruz

 

Banks and insurance companies have aggressively been promoting VULs and UITFs (variable life insurance and universal life insurance) investment programs to ensure an individual achieves financial freedom (or freedom from worries about money matters) in his lifetime.

 

And a post by Security Bank on Consumer IQ said such mutual funds, VULs, and  UITs even allow you to grow your money without putting in so much time and effort. Ironically, this idea that you could grow your money without micro-managing your investments has opened the door for scams.

 

These scams typically disguise themselves…

Read more: How to spot investment scams in the Philippines

New NLEX toll exit will boost Bocaue economy

THE daily traffic congestion at the Bocaue tollgate of the North Luzon Expressway (NLEX) will soon be resolved with construction of another tollgate exit in this town.
Rodrigo Franco, president and chief executive officer of NLEX Corp., confirmed that the construction of the new Bocaue tollgate exit at the Taal-Tambubong Bridge is expected to start in the second quarter of the year.
Bocaue Mayor Eleanor Villanueva-Tugna told Philippine News Agency (PNA) that Transportation Secretary Arthur Tugade had already approved its construction last year and is just awaiting the completion of its detailed engineering design.
“Eliminating the traffic congestion at…

Read more: New NLEX toll exit will boost Bocaue economy

Japan to help fund 6 of 13 new infra projects



By Rose de la Cruz

 

 

The Japanese government said it would help fund almost half or 6 of the 13 new and approved infrastructure projects of the Duterte administration.

 

 “Japan is one of our long-time and most trusted development partners. We recognize their commitment to technical excellence in infrastructure,” said Socioeconomic Planning Secretary Ernesto M. Pernia said during last week’s 36th Joint Meeting of the Infrastructure Development and Economic Cooperation Committee of the Philippines and Japan.


Of the six new projects, the total cost of which amounts to around P715 billion, five are related to transportation while one…

Read more: Japan to help fund 6 of 13 new infra projects

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