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
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
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
