MANILA – The Philippines enjoyed net inflows of foreign direct investment last June on the back of a Dutch company’s takeover of Alaska Milk Corp.
In a statement, the Bangko Sentral ng Pilipinas said net inflows of FDI reached $73 million this year, or 16 percent higher than the $63 million in June last year.
The June net inflows brought the six-month total to $917 million, or 10.6 percent more than the $829 million in the same period a year ago.
By type of investment, equity capital in June surged nearly fourfold from $20 million last year to $78 million this year because of a foreign company’s acquisition of shares in a local manufacturer, the BSP said.
Bulk of investments last June came from the Netherlands, the US, Japan, Germany and Singapore, and was injected into the manufacturing, real estate, mining and quarrying, wholesale and retail trade, and accommodation and food services sectors.
Royal FrieslandCampina N.V. last June raised its ownership in Alaska Milk to 97.7 percent following the completion of a tender offer for shares held by minority stockholders.
The Dutch dairy giant acquired nearly 93 percent of Alaska Milk’s publicly traded shares at a price of P24 apiece when the tender offer ended on June 6. This followed FrieslandCampina’s acquisition of the controlling stake of the Uytengsu family, the founders and controlling shareholders of the local milk maker. –Arnold S. Tenorio, InterAksyon.com
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
