Job-creating investments in the Philippines decline in early 2019

by Daxim L. Lucas, Philippine Daily Inquirer, Jun 10, 2019

MANILA, Philippines—The flow of job-creating investments into the Philippines slowed in the first quarter of the year after going strong in 2018, according to the Bangko Sentral ng Pilipinas (BSP).

Data released by the BSP showed foreign direct investments, or those that go to businesses that create jobs, fell to $1.9 billion in the first quarter of 2019, a decline of 15.1 percent from $2.3 billion in the same period in 2018.

The BSP, in a statement, said this was the result of lower equity capital, or money used to build or expand factories, offices and other businesses, entering the Philippines from $887 million in the first quarter of 2018 to just $295 million in this year’s first quarter. (Editor: Tony Bergonia)