MANILA – Money plunked by foreigners to put up businesses in the Philippines or expand existing ones was halved in the first three months of the year.
In a report, the Bangko Sentral ng Pilipinas (BSP) said foreign direct investments (FDI) fell by 50.4 percent to $851 million in the first quarter from $1.715 billion in the same three months of last year. In March alone, net inflows likewise dropped by 54.6 percent to $229 million this year from $506 million in 2014.
Lower inflows were registered across FDI categories, with net equity placements declining by 45.7 percent to $439 million this year from $809 million in 2014. In March alone, equity inflows fell by 70.2 percent to $106 million from $356 million over the same period.
Of the two types of equity capital, net inflows of fresh equity declined by 54 percent to $254 million this year from $553 million in 2014. Reinvested earnings also dropped by 28 percent to $185 million from last year’s $256 million.
Foreign lending to their Philippine affiliates also fell by 55 percent to $412 million this year from $907 million in 2014. –InterAksyon.com
Nov 16 – International Day for Tolerance
“No more toleration of corruption!”
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
#Report Corruption #SearchPosts #TakePicturesVideos
November
Nov 2 – Intl Day to End Impunity for
Crimes Against Journalists
Nov 9 – World Science Day for Peace
and Development
Nov 16 – International Day for Tolerance
Nov 19 – World Toilet Day
Nov 20 – World Children’s Day
Nov 25 – Intl Day for the Elimination of
Violence Against Women
Monthly Observances:
Homes Safety Month
Filipino Values Month
National Rice Awareness Month
National Consciousness Month
for Punctuality and Civility
Environmental Awareness Month
National Children’s Month
Organic Agriculture Month
Weekly Observances:
Nov 19-25: Global Warming and
Climate Change Consciousness Week
Nov 23-29: National Girls’ Week
Population and Development Week
Nov 25 – Dec 12: Social Welfare Week
18-Day Campaign to End
Violence against Women
Week 2: Week 3: Drug Abuse Prevention
and Control Week
Last Week: Safety and Accident
Prevention Week
Daily Observances:
Last Saturday: Career Executive Service
Day
Nov 19: National Child Health Day
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