The Philippines raked in more foreign investments in January compared to same period a year ago, the central bank reported on Monday.
“This development reflects the investors’ optimism at the start of the year due in turn to the gradual reopening of the economy under the ‘new normal’ condition, easing of lockdown measures, and positive news about the rollout of COVID-19 vaccines,” said the BSP.More foreigners placed funds into debt instruments during the month, mainly driving the strong performance of FDIs in January.
“This resulted following continued inflows from new placements, amounting to US$362 million in January 2021 , coupled with less withdrawals of US$10 million in January 2021 ,” said the central bank.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BSP: Foreign investments surged in January over optimism about economy's reopening, vaccine newsForeign direct investments climbed by 41.5% in January to $961 million, the Bangko Sentral ng Pilipinas reported on Monday, with investors optimistic at the start of 2021 over the gradual reopening of the economy along with good news on the country's vaccine rollout.
Source: CNN Philippines - 🏆 13. / 63 Read more »
Foreign direct investments leap 41.5% in January 2021 as PH eases lockdownsForeign companies lend more cash to their local counterparts, driving the surge in FDI.
Source: rapplerdotcom - 🏆 4. / 86 Read more »
UK hits key vaccine target just as pubs, shops and salons reopenBritain said late Monday it had hit a target to offer a coronavirus vaccine first dose to all over-50s by mid-April, as England's lockdown-weary population toasted a significant easing of restrictions with pints and much-needed haircuts.
Source: ABSCBNNews - 🏆 5. / 83 Read more »
Recent COVID-19 restrictions likely to 'exert impact' on economy in Q1: BSP chiefThe recent imposition of tighter COVID-19 restrictions in the NCR Plus bubble will likely have an effect on the economic performance in the first quarter of 2021, Bangko Sentral ng Pilipinas Governor Banjamin Diokno said Thursday. kahit sino naman kayang sabihin yan. so anong gagawin is more important kahit yung tambay alam yan
Source: ANCALERTS - 🏆 26. / 50 Read more »
Approved public sector foreign loans in Q1 reach $2.84 billion: BSPThe Monetary Board has approved a total of $2.84 billion of public sector foreign borrowings in the first quarter of 2021, the Bangko Sentral ng Pilipinas said Monday.
Source: ANCALERTS - 🏆 26. / 50 Read more »