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
March –
IT’S WOMEN’S MONTH!
“Respect and support women
every day of the year/s!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
Monthly Observances:
Women’s Role in History Month
Weekly Observances:
Week 1: Environmental Week;
Women’s Week
Week 3: Philippine Industry and “
Made-in-the-Philippines Products Week
Last Week: Protection and Gender-Fair Treatment
of the Girl Child Week
Daily Observances:
March 8: Women’s Rights and
International Peace Day;
National Women’s Day
March 4: Employee Appreciation Day
March 15: World Consumer Rights Day
March 18: Global Recycling Day
March 21: International Day for the Elimination
of Racial Discrimination
March 23: International Day for the Right to the Truth
Concerning Gross Human Rights Violations
and for the Dignity of Victims
March 25: International Day of Remembrance of the
Victims of Slavery and the Transatlantic Slave Trade
March 27: Earth Hour
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