...the PH Foreign direct investment in Q1

Philippines foreign direct investment jumps 79%

By Cris Larano
Wall Street Journal
10 June 2014


MANILA--Foreign direct investments in the Philippines rose 79% on year in March to $476 million, bolstered by the more than triple increase in equity and reinvested earnings, the central bank said Tuesday.
                                      
The bulk of foreign equity investments came from the U.S., Japan, Singapore, Hong Kong and Taiwan, and were channeled mainly to financial services, manufacturing, real estate, mining as well as wholesale and retail companies, Bangko Sentral ng Pilipinas said in a statement.
                                      
Equity and reinvested earnings in March jumped to $332 million from $90 million in the year-earlier period, more than offsetting the 19% on-year decline to $143 million of foreign companies' investments in debt securities of their subsidiaries and affiliates.
                                      
For the three-month period ended March, foreign direct investment totaled $1.85 billion, down 12% from $2.10 billion a year earlier due mainly to a 20% drop in equity and reinvested earnings to $821 million,.