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Net FDI inflows reach $674 million in June / Lee C. Chipongian.

By: Chipongian, Lee C.
Material type: materialTypeLabelArticleManufacturer: Manila : Manila Bulletin, 2017Description: page B-3.Subject(s): Bangko Sentral ng Pilipinas (BSP)Online resources: View the Article Scope and content: The Bangko Sentral ng Pilipinas (BSP) yesterday said it registered foreign direct investments (FDI) net inflows of $674 million in June, higher than same period last year of $238 million by 182.7 percent. For the first-half period however, FDI fell 14 percent year-on-year to a cumulative $3.6 billion as of end-June compared to $4.2 billion in 2016. The BSP, in commenting on the June inflows, said they continue to see investors with “bullish outlook” on the direction of the economy. “In part, the increase in FDI inflows during the month was due largely to the expansion in debt instruments (but) equity capital investments posted net withdrawals,” said the BSP in a statement. FDIs as registered by the BSP are actual investment inflows as equity capital, reinvestment of earnings, and borrowings between affiliates. Debt instruments which are intercompany borrowings from foreign direct investors by their subsidiaries and affiliates in the country, went up to $674 million in June. The BSP also noted equity capital investments’ net withdrawals of $72 million as placements worth $113 million outnumbered withdrawals of $185 million. These equity capital placements were from investors in the US, Japan, Taiwan, Singapore and India. “The net withdrawals in equity capital negated the reinvestment of earnings of $72 million during the month,” said the BSP. For the January-June period, the central bank explained the 14 percent decline year-on-year on the 90.3 percent drop in net equity capital of $141 million compared to the $1.4 billion amount same time in 2016. Investors from the US, Japan, Singapore, Hong Kong, and Taiwan were the source of these funds. They were mostly invested in real estate, financial and insurance, and manufacturing.
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                                News Paper News Paper Main Library: Serials Section
Manila Bulletin September 11, 2017 (Browse shelf) Available NP00038
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The Bangko Sentral ng Pilipinas (BSP) yesterday said it registered foreign direct investments (FDI) net inflows of $674 million in June, higher than same period last year of $238 million by 182.7 percent.

For the first-half period however, FDI fell 14 percent year-on-year to a cumulative $3.6 billion as of end-June compared to $4.2 billion in 2016.

The BSP, in commenting on the June inflows, said they continue to see investors with “bullish outlook” on the direction of the economy.

“In part, the increase in FDI inflows during the month was due largely to the expansion in debt instruments (but) equity capital investments posted net withdrawals,” said the BSP in a statement.

FDIs as registered by the BSP are actual investment inflows as equity capital, reinvestment of earnings, and borrowings between affiliates.

Debt instruments which are intercompany borrowings from foreign direct investors by their subsidiaries and affiliates in the country, went up to $674 million in June.

The BSP also noted equity capital investments’ net withdrawals of $72 million as placements worth $113 million outnumbered withdrawals of $185 million. These equity capital placements were from investors in the US, Japan, Taiwan, Singapore and India.

“The net withdrawals in equity capital negated the reinvestment of earnings of $72 million during the month,” said the BSP.

For the January-June period, the central bank explained the 14 percent decline year-on-year on the 90.3 percent drop in net equity capital of $141 million compared to the $1.4 billion amount same time in 2016. Investors from the US, Japan, Singapore, Hong Kong, and Taiwan were the source of these funds. They were mostly invested in real estate, financial and insurance, and manufacturing.

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