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
World Day for Safety and Health at Work
“Safety and health at work every day!”
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 #TakePicturesVideos
Monthly Observances:
March – Women’s Role in History Month
April – Month of Planet Earth
Weekly Observances:
Last Week of March: Protection and Gender Fair Treatment of the Girl Child Week
Last Week of April – World Immunization Week
Daily Observances:
Mar 25 – International Day of Remembrance of the Victims of Slavery and the Transallantic Slave Trade
Mar 27– Earth Hour
Apr 21 – Civil Service Day
Apr 22 – World Earth Day
Apr 28 – World Day for Safety and Health at Work
