Net inflows of foreign equity capital reached $2 billion last year, nearly 53% higher than 2006, and were invested mainly in manufacturing, services, construction, mining, real estate, financial intermediation and agricultural industries. The bulk of the inflows came from Japan, the United States, United Kingdom, Germany, South Korea, Malaysia and Hong Kong.
Of the total approved FDIs 78.7 percent or PhP 15.7 billion were intended for the manufacturing industry, the large chunk of which were in shipbuilding and manufacture of electronic goods. Korea topped the list of foreign investors, pledging PHP 8.5 billion or 42.6% of the total FDI committed for the quarter. Majority of Korea's investments were intended to fund shipbuilding projects.
No comments:
Post a Comment