Net foreign direct investments into the Philippines surged 327 percent to $269 million in April from a year earlier due to “significant gains” in equity capital placements and reinvested earnings, the central bank said on Thursday.

But total inflows in the first four months of the year fell 43.5 percent to $820 million from $1.451

billion in the same period last year.

Central bank Governor Amando Tetangco said the four-month figure reflected “generally sluggish economic growth in major investor countries, particularly the United States, and the prevailing cautious investor sentiment amid global uncertainties.”

Tetangco said last year’s four-month figure was boosted by a big-ticket investment in a local beverage company.

Source: http://www.afxnews.com

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