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NEW UPDATES Asean Affairs  12 September 2014  



Philippine FDI inflows surge to US$588m in June

FOREIGN direct investments (FDI) in the Philippines posted net inflows amounting to US$588 million in June, a turnaround from the US$26 million net outflows registered a year ago, the local central bank said Wednesday.

“This developed as increases were registered across FDI major components,” the Philippine central bank said in a statement.

In particular, investments in debt instruments rose by more than four-fold to US$459 million in June, from US$108 million posted in the same period last year.

The central bank said this is due to higher lending of parent companies abroad to their local affiliates to fund existing operations and business expansion plans in the country. The bulk of FDIs in June came from the United States, Singapore, Japan, Germany, and China’s Hong Kong. Foreign investments were channeled mainly to real estate, manufacturing, transportation and storage, mining and quarrying, and administrative and support service activities.

FDI inflows in the January to June period summed up to US$3.57 billion 76.9 per cent higher than the US$2.01 billion posted in the same period last year. The Philippine central bank said this is indicative of strong investor confidence in the country’s solid macroeconomic fundamentals.



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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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