The Philippines has once again proven itself as an investment destination in South East Asia. A recent report by the country’s Central Bank indicated an increase in Foreign Direct investments by 70% at the end of 2014, which roughly translates to around $6.2 billion.
Majority of the investments were made across different industries including financial and insurance, mining and quarrying, real estate, manufacturing as well as information and communication sectors. Other investment statistics also increased for the year including investments in debt instruments (+26.1%, US$3.3 billion), net equity capital infusion (+206.7%, US$2 billion) and reinvestment of earnings (+21.7%, US$56 million) to name a few.
Sources of capital investments include the United States, the United Kingdom, Hong Kong, Singapore and Japan.
Foreign Direct Investments are up by 70% for 2014
For 2015, the Philippine’s financial outlook seems to follow last year’s positive movement. The increase in FDI rose by US$359 million (+17.9 percent) last February 2015. The rise on foreign direct investments was primarily due to the increase of net equity capital that amounted to US$179 million.
The investments came from the United States, the United Kingdom, Spain, Japan and Singapore, which again were channeled into different parts of the economy including the manufacturing, electricity, gas, steam and air conditioning supply; financial and insurance; and transportation and storage sectors.