Off the wire
• 1st LD Writethru: India, Australia ink 6 pacts as Modi holds talks with visiting PM Turnbull  • Xinhua summary of Asia-Pacific stocks news at 1100 GMT, April 10  • President Xi meets Norwegian PM to enhance mutual trust  • Taiwan's exports expand 13.2 pct in March  • 1st LD Writethru-Roundup: Attractive returns luring foreign banks to Kenya  • China, Cambodia sign deal on information cooperation  • Spanish police detain Russian national wanted in U.S.for alleged cyber-espionage  • 1st LD Writethru: 13 militants killed in fighting in northern Afghanistan  • China calls for upholding hard-won process of Syrian issue's political settlement  • Commentary: China upgrades anti-corruption fight  
You are here: 　 Home

Philippines' FDI up by 13.2 percent in January

Xinhua, April 10, 2017 Adjust font size:

Philippines' foreign direct investments (FDI) net inflows increased by 13.2 percent year-on-year to 685 million U.S. dollars in January, the local central bank said Monday.

The Philippine central bank said investors "remain optimistic on the growth potential of the economy backed by strong macroeconomic fundamentals."

FDI inflows went up due to the surge in non-residents' investments in debt instruments, which grew by 122.6 percent to 566 million dollars from the level of 254 million dollars a year ago.

Meanwhile, non-residents' net equity capital placements fell by 82.8 percent to 48 million dollars primarily due to the drop in fresh equity capital infusions.

The major sources of equity capital placements during the month came from Germany, Singapore, Hong Kong, the United States and Japan, the central bank said.

"These were channeled mainly to electricity, gas, steam and air-conditioning supply, construction, wholesale and retail trade, administrative and support service, and financial and insurance activities," it said.

Reinvestment of earnings amounted to 71 million dollars during the period, the central bank added. Endit