More investments keep pouring in RP
Despite the global recession, new and big investments keep pouring in, signaling real investor confidence in the country. Data from the Bangko Sentral ng Pilipinas showed its registered foreign portfolio investments in May 2009 rose 125 percent, from $435 million in April to nearly $1 billion in May.
The figure resulted in a net inflow of $498 million during the month as total outflows dropped 33 percent, from $711 million in April to $480 million in May.
Monetary officials noted the country has benefitted from revival of investors’ risk appetite to emerging economies which include the Philippines.
With President Gloria Macapagal-Arroyo’s recent visit to Japan and Brazil, Japanese companies also made firm commitments to invest and/or increase their investments in the Philippines. (VMHS/PIA)
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