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
March –
IT’S WOMEN’S MONTH!
“Respect and support women
every day of the year/s!”
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
Monthly Observances:
Women’s Role in History Month
Weekly Observances:
Week 1: Environmental Week;
Women’s Week
Week 3: Philippine Industry and “
Made-in-the-Philippines Products Week
Last Week: Protection and Gender-Fair Treatment
of the Girl Child Week
Daily Observances:
March 8: Women’s Rights and
International Peace Day;
National Women’s Day
March 4: Employee Appreciation Day
March 15: World Consumer Rights Day
March 18: Global Recycling Day
March 21: International Day for the Elimination
of Racial Discrimination
March 23: International Day for the Right to the Truth
Concerning Gross Human Rights Violations
and for the Dignity of Victims
March 25: International Day of Remembrance of the
Victims of Slavery and the Transatlantic Slave Trade
March 27: Earth Hour
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