by Lawrence Agcaoili (The Philippine Star) – Sept 12, 2019
MANILA, Philippines — Net inflows of foreign direct investments (FDI) fell by 48.5 percent to $430 million in June from $836 million in the same month last year due to the worsening trade war between the US and China, according to the Bangko Sentral ng Pilipinas.
Based on a report from BSP, equity placements plunged by nearly 65 percent to $73 million in June from $208 million in the same month last year.
The bulk of capital inflows cam from Singapore, the US, Japan, the Netherlands and China and were channeled to real estate, manufacturing, financial and insurance, electricity, gas, steam and air conditioning supply as well as transportation and storage industries.
On the other hand, the BSP said equity withdrawals more than doubled to $49 million from $24 million.
The BSP also attributed the decline to the 44.4 percent decrease in non-residents’ investments in debt instruments consisting mainly of loans extended by parent coampanies abroad to their local affiliates to $317 million from $570 billion.
On the other hand, reinvestment of earnings climbed by 8.3 percent to $89 million from $82 million.
From January to June, the BSP said net FDI inflows declined by 38.8 percent to $3.57 billion from $5.84 billion in the same period last year.
Equity placements from Japan, the US, Singapore, China and South Korea fell 50.8 percent to P860 million from January to June compared to $1.75 billion in the same period last year.
The industries that benefited from said capital infusions were financial and insurance, real estate, manufacturing, transportation and storage as well as administrative and support service.
On the other hand, pullout of investments more than tripled to $499 million in the first semester from $163 million in the same period last year.
In addition, net investments in debt instruments stood at $2.7 billion down from $3.8 billion, while reinvestment of earnings increased by 12.1 percent to $507 million from $453 million.
The BSP slashed the net FDI inflow target for 2019 to $9 billion.
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!
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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
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