Data released by the Bangko Sentral ng Pilipinas showed an FDI inflow of $907 million in January, significantly higher than the $478 million booked in the same month in 2023.MANILA, Philippines — The inflow of foreign direct investments soared by 89.9 percent to hit a two-month high in January, as easing inflation boosted investor confidence in the Philippines .
Based on BSP data, investments in debt instruments stood at $820 million in January, more than double the $300 million in the same month a year ago. These investments mainly consist of intercompany borrowing between foreign direct investors and their subsidiaries or affiliates in the Philippines. On the other hand, equity withdrawals almost doubled to $110 million in January from $56 million in the same month in 2023.
It marked the slowest print since the 2.3 percent in October 2020, at the height of the COVID-19 pandemic. The Securities and Exchange Commission is working to ban the Binance app following recent efforts to block its website and...
Foreign Direct Investments FDI Philippines Inflation Investor Confidence
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Foreign Direct Investments in the Philippines Increase by 89.9% in January 2024Net inflows of foreign direct investments (FDI) in the Philippines reached $907 million in January 2024, showing an 89.9% increase compared to the same month last year. The growth was mainly driven by a 173.2% expansion in non-residents' net investments in debt instruments.
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'Taiwan should not be an issue between PH, China'MANILA Philippines: The Chinese Embassy in the Philippines said that any attempt to implicate Taiwan in the maritime dispute between China and the Philippines was dangerous.
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Coca-Cola Philippines celebrates World Water Day, participates in dialogue on sustainable water managementMANILA, Philippines – In celebration of World Water Day, Coca-Cola Philippines and the American Chamber of Commerce of the Philippines (AmCham) convened stakeholders to discuss the critical challenges surrounding water resource management in the Philippines.
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Philippines, India to cooperate on maritime security effortsIn a meeting with Indian Minister of External Affairs Subrahmanyam Jaishankar at Malacañan on Tuesday, President Ferdinand Marcos Jr. emphasized the need for stronger collaboration between the Philippines and India amid security concerns in shipping routes such as the Red Sea, Gulf of Aden, and Indian Ocean.
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