CEBU

Foreign direct investments yield US$2.9B

FOREIGN direct investments yielded US$2.9 billion net inflows in January to April 2019, a 14 percent decrease from the US$3.4 billion net inflows recorded a year ago.

This developed on account of the decline in net equity capital investments as placements dropped by 44.5 percent to US$712 million from US$1.3 billion, coupled with a 204.9 percent increase in withdrawals to US$377 million from US$124 million during the period.

Equity capital placements during the first four months of the year were sourced mostly from Japan, the United States, China, Singapore and South Korea.

These were invested mainly in the financial and insurance; real estate, manufacturing, transportation and storage; and administrative and support service industries. (PR)


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