Philippines remains among top 10 recipients of foreign investments in East, Southeast Asia
MANILA – The Philippines is one of the top 10 foreign direct investment (FDI) recipients in East and Southeast Asia, the World Investment Report (WIR) 2015 of United Nations Conference on Development and Trade (UNCTAD) said on Wednesday.
The WIR 2015 showed that the Philippines has attracted some US$6 billion worth of FDI in 2014, up from US$4 billion in 2013.
This lifted the country’s ranking in East and Southeast Asia from 10th in 2013 to ninth last year.
The UNCTAD report said China remained the highest recipient of FDIs in 2014, with inflows of US$129 billion, followed by Hong Kong with US$103 billion.
Other ASEAN member-countries that topped the Philippines were Singapore with US$68 billion, Indonesia with US$23 billion, Thailand with US$13 billion, Malaysia with US$11 billion, and Vietnam with US$9 billion.
South Koreaâs share of US$10 billion placed it at seventh in the region.
For East Asia alone, FDI inflows increased by 12 percent to US$248 billion. Southeast Asia has attracted FDI worth of US$133 billion in 2014, up by 5 percent year-on-year.
“Combined FDI inflows to East and Southeast Asia grew by 10 percent in 2014, despite a slowdown in economic growth, to reach a historical high of US$381 billion,” according to the UNCTAD report.
The report said global FDI inflows in 2014 declined by 16 percent to US$1.23 trillion brought by fragility of the global economy, policy uncertainty for investors and elevated geopolitical risks.
927 total views, 1 views today
Leave a Comment
You must be logged in to post a comment.