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
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
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
October –
Monthly Observances:
Industry and Commerce Safety Month
National Statistics Month
Local Government Month
Consumer Welfare Month
Cooperative Month
National Quality and Productivity Improvement Month
National Health and Wellness Tourism Month
National Indigenous Peoples Month
Weekly Observances:
Week 1: Elderly Filipino Week
Week 2: National Health Education Week
Local Government Week
National Mental Health Week
October 17-23:
National Week for Overcoming Extreme Poverty
October 18 – 24:
United Nations Week
Last Week:
Nurses’ Week
Consumers’ Protection Week
Week of the 4th Sunday:
Barrio Farmers’ Week
Daily Observances:
First Monday (Oct 4): Universal Children’s Day i
n the Philippines
Oct 5: National Teachers’ Day
Oct 10: Local Government Day
Third Thursday (Oct 14): Conflict Resolution Day
Oct 21: Tenants’ Emancipation day
Oct 24: United Nations Day
Oct 29: National Indigenous People’s Thanksgiving Day
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