Foreign direct investments rose 10.2 percent year-on-year in the first five months, despite the sharp drop recorded in May, the Bangko Sentral said Friday.
The Bangko Sentral said net inflows in the January-May period reached $844 million, up from $766 million recorded during the same period in 2011.
Data, however, showed the FDI net inflows in May plunged 96.4 percent to just $7 million from $195 million recorded during the same month last year.
“Investor sentiment remained subdued on the back of continued concerns over developments in some advanced economies, particularly the interlocking sovereign debt and banking crisis in the euro area,” the Bangko Sentral said.
“This developed notwithstanding the positive developments in the local front, including news of the country’s better-than-expected economic growth performance in the first quarter of 2012 and Moody’s positive credit rating action during the month,” it added.
The five-month FDI figure was buoyed mainly by the $778-million net inflows recorded in January.
“The rise in FDI [in the first five months] was driven mainly by equity capital, which yielded net inflows of $992 million,” the Bangko Sentral said. –Anna Leah G. Estrada, Manila Standard Today
June 2025
Philippine Environment Month!
“Action for Nature, for the Future!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos
Monthly Observances:
1 Jun – World Day of Parents
5 Jun – World Environment Day
7 Jun – World Food Safety Day
8 Jun – World Oceans Day
12 Jun – World Day Against
Child Labour
15 Jun – World Elder Abuse Awareness Day
16 Jun – International Day of Family Remittances
17 Jun – World Day to Combat Desertification and Drought
20 Jun – World Refugee Day
25 Jun – Day of the Seafarer
27 Jun – Micro-, Small and Medium-sized Enterprises Day
Daily Observances:
First Saturday of July:
International Cooperative Day
in the Philippines
