Foreign investments in the first 10 months of 2011 was lower by 24.7% to $729 million as uncertainties in the global economic environment persisted
MANILA, Philippines – Foreign investments in the first 10 months of 2011 was lower by 24.7% to $729 million as uncertainties in the global economic environment persisted.
“Investment decisions were stalled by renewed concerns over the prevailing uncertainties in the global economic environment and greater risk aversion following intensified financial strains in the Euro Zone and the continuing weak U.S. economic performance,” the Bangko Sentral ng Pilipinas said in a statement on Tuesday, Jan. 10, 2012.
In October 2011, however, net investments that flowed into the country was higher at $58 million.
Bulk of the foreign direct investments came from the US, Japan, South Korea, Hong Kong, Singapore and the Netherlands. – Rappler.com
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