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October 10, 2014 - Philippine Economic Update
Foreign Direct Investments Continue to Post Net Inflows in July; Hit US$4 Billion Mark in the First Seven Months of 2014 - by The Philippine Central Bank
Foreign direct investments (FDI) continued to post net inflows for the 13th consecutive month in July 2014 amounting to US$436 million.1,2 This developed as all FDI components recorded net inflows during the month. In particular, net equity capital inflows surged to US$104 million, or by more than tenfold from US$10 million during the same month last year. Net inflows of equity capital rose significantly in July on the back of the 87.8 percent year-on-year increase in equity capital placements (to US$120 million) vis-à-vis the 69.9 percent decline in equity capital withdrawals (to US$16 million) relative to the same period in 2013. The bulk of equity capital investments during the month—emanating largely from the United States, Sweden, the Netherlands, Taiwan and Switzerland—was channeled mainly to financial and insurance; real estate; wholesale and retail trade; transportation and storage; and agriculture, forestry, and fishing activities. In addition, reinvestment of earnings reached US$58 million, higher by 11.5 percent from US$52 million in July last year. Meanwhile, investments in debt instruments posted net inflows of US$274 million, lower by 43.8 percent relative to the level posted during the same month in 2013.
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