Foreign direct investments reach $917M in first half

Posted at 09/10/12 2:27 PM

MANILA, Philippines - Foreign direct investments for the first half of 2012 reached $917 million, a 10.6% increase from the same period in 2011. 

The BSP said the increase was driven by a subdued inflation environment, strong fiscal performance and favorable external payments position. 

In June, FDI posted net inflows of $73 million or 15.9% higher than in June 2011.

The majority of investments came from the Netherlands, the US, Japan, Germany and Singapore. 

The government says the investments were channeled to manufacturing, real estate, mining and quarrying sectors, wholesale and retail trade, accommodation and food service activities. - ANC