WHILE the Bangko Sentral ng Pilipinas claims that foreign direct investments have been rising under the President Marcos Jr. administration, it actually has drastically fallen this year, but concealed by a dubious $764 million single transaction in February 2024.
Without this particular inflow, and replacing it with the $74-million average monthly inflows in the last four years, foreign direct investments , excluding reinvestments*, from January to September would not amount to $1,357 million as the
's borrowings from the market. Without a major reversal in the fall in direct investments and exports, the peso will soon pass the P60 to the dollar rate.CovidIf we use that monthly 'normal inflow' figure of $74 million to extrapolate the total FDI for the whole of 2024, the figure would be $888 million, 51 percent smaller than the $1,291 million last year.
report this as a foreign direct investment when it was raised by Aboitiz from local funds? One explanation — an unlikely one — is that Aboitiz may have drawn from it foreign funds deposited abroad, or it could have borrowed from banks abroad. Indeed, when the
Investments Drastically Falling Concealed By Coca Cola Sale
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