Most of investments came from the Netherlands, Singapore, the US, Japan and Hong Kong
The Philippines’ foreign direct investment (FDI) inflows have reached $10.049 billion in 2017, a 21.4% increase compared to $8.28 billion recorded in 2016, Business World has reported referring to data from the Bangko Sentral ng Pilipinas (BSP).
According to the central bank, all major FDI components registered increases during last year. Data have shown double-digit growth rates for all components except for reinvested earnings. The growth includes 25.9% increase to $3.263 billion in net equity capital, 17.5% increase to $3.742 billion in gross placements and 65.3% drop to $479 million in withdrawals.
The central bank noted that a huge portion of equity capital placements flew from investors in the Netherlands, Singapore, the United States, Japan and Hong Kong.
However, the net FDI inflows slipped by 9% to a five-month-low $699 million in December 2017, as net equity capital fell by about 0.4% to $305 million.
Sign in and read the full article in emis.com