Global Biz
Philippine FDI in 2009 hits $1.9 billion
(Xinhua)
Updated: 2010-03-10 14:09
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MANILA, March 10 (Xinhua) -- The Philippines' net foreign direct investments (FDI) in 2009 hit $1.9 billion, ?26.2 percent higher from the previous year buoyed by investors confidence in the Philippine economy, the country's central bank said Wednesday.
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Net equity capital flow in 2009 increased 50 percent to $1.8 billion. Investors from the US, Japan, Hong Kong and the Netherlands supported the manufacturing, real estate, construction, finance, transportation, mining and trade sectors.
Reinvested earnings reached $84 million, as investors decided to put corporate earnings in local enterprises following a global economic recovery.
