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…

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

Imports grew faster in 2017 than exports

 

By Rose de la Cruz

 

Merchandize imports grew faster at 18.5 percent in November 2017 as against exports which grew by 1.6 percent—the lowest since November 2016—with agri-based products and manufactures posting declines, offsetting the gains in mineral, forest and petroleum products.

 

But the Philippine Statistics Authority under the National Economic and Development Authority, sees continues improvement in the export competitiveness and identification of emerging markets for exports that would sustain merchandize trade growth.

 

The PSA said the country’s total trade grew by 11.8 percent in November 2017, pushing year-to-date growth to 9.9 percent.…

Read more: Imports grew faster in 2017 than exports

GIR grows to $81.5B in December 2017

 

By Rose de la Cruz

 

The country’s gross international reserves as of end December 2017 grew to $81.5 billion or an equivalent of 8.3 months’ worth of imports of goods and payments for services and primary income.

 

Governor Nestor Espenilla of the Bangko Sentral ng Pilipinas said the end December GIR is even more than the $80.3 billion recorded in the previous month and was due mainly to inflows from the BSP’s foreign exchange operations, net foreign currency deposits by the national government, the revaluation adjustments of BSP’s gold holdings resulting from the increased prices…

Read more: GIR grows to $81.5B in December 2017

GIR grows to $81.5B in December 2017

 

By Rose de la Cruz

 

The country’s gross international reserves as of end December 2017 grew to $81.5 billion or an equivalent of 8.3 months’ worth of imports of goods and payments for services and primary income.

 

Governor Nestor Espenilla of the Bangko Sentral ng Pilipinas said the end December GIR is even more than the $80.3 billion recorded in the previous month and was due mainly to inflows from the BSP’s foreign exchange operations, net foreign currency deposits by the national government, the revaluation adjustments of BSP’s gold holdings resulting from the increased prices…

Read more: GIR grows to $81.5B in December 2017

BSP warns against tampering with legal tenders

 

 

 

The Bangko Sentral ng Pilipinas (BSP) is urging the public to stop vandalizing or tampering with Philippine peso bills that could cast doubt on the credibility of our legal tender.  Posting photos of alleged misprinted banknotes on social media causes confusion which may negatively affect commerce. 

 

The public is also advised to be vigilant against acts of those who wish to confuse, deceive or illegally profit from posting, producing and/or selling fake “misprinted” notes with no numismatic value. 

 

The BSP reiterates that alleged faceless/misprinted Philippine Peso Bill/s must immediately be brought to…

Read more: BSP warns against tampering with legal tenders

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