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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September –
5 Sept – Intl Day of Charity
7 Sept – Intl Day of Clean Air for Blue Skies
8 Sept – International Literacy Day
12 Sept – United Nations Day for South-South Cooperation
15 Sept – International Day of Democracy
16 Sept – International Day for the Preservation of the Ozone Layer
17 Sept – World Patient Safety Day
18 Sept – International Equal Pay Day
21 Sept – International Day of Peace
26 Sept – International Day for the Total Elimination of Nuclear Weapons
27 Sept – World Tourism Day
28 Sept – International Day for Universal Access to Information
29 Sept – International Day of Awareness of Food Loss and Waste
30 Sept – World Maritime Day
Monthly Observances:
Health, Safety and Sanitation Month
National Clean-up Month
Civil Service Month
National Peace Consciousness Month
Social Security Month
Rule of Law Month
National Teachers’ Month (Sept 5-Oct 4)
Weekly Observances:
Sept 17 – 23:
World Clean and Green Week
Week 2: Education Week
Week 4: Medicine Week
Last Week: National Family Week
Daily Observances:
Third Saturday:
International Coastal Clean-up Day
Third Monday: World Health Day
Last Friday: National Maritime Day
Sept 8: National Literacy Day
Sept 15: Philippine Medicine Day
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