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NEWS UPDATES Asean Affairs  March  14, 2018  









2017 foreign direct investment hit $10B in net inflows

Investments by foreign companies or individuals in the Philippines posted a dip last December, but expanded to a record high for the full-year 2017, the Bangko Sentral ng Pilipinas (BSP) reported.

Data released by the central bank on Monday showed foreign direct investment (FDI) reached $699 million in December 2017, down 9 percent from $768 million a year earlier.

“This was lower, however, by 9 percent from the level recorded a year ago due largely to the 19.1-percent drop in net investments in debt instruments to $335 million,” the central bank said.

However, net inflows totaled $10.049 billion in 2017, up 21.4 percent from the previous record high of $8.280 billion in 2016.

“Investors continue to view the country as a favorable investment destination on the back of the country’s sound macroeconomic fundamentals and growth prospects,” the BSP said.

Net equity capital investments expanded by 25.9 percent to $3.3 billion. Gross placements during the year amounted to $3.7 billion, exceeding withdrawals by $479 million.

Most of the placements came from the Netherlands, Singapore, the United States, Japan, and Hong Kong.

These were invested in gas, steam, and air-conditioning supply; manufacturing; real estate; construction; and wholesale and retail trade.

University of Asia and the Pacific School of Economics Dean Cid Terosa noted the impact of macroeconomic fundamentals on foreign investments.

“Because of the splendid growth performance of the economy, low inflation environment, and strong macroeconomic fundamentals,” he told GMA News Online.

The Philippine economy grew by 6.7 percent last year, and recorded an average inflation rate of 3.2 percen



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ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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