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Net inflows of foreign direct investments FDI surged by Equity other than reinvestment of earnings inched up by 0. Placements slid by 3. Investments mainly came from Singapore, Japan and the Netherlands and were channeled mostly to businesses such as financial and insurance; manufacturing; and professional, scientific and technical industries, the BSP said. Meanwhile, reinvestment of earnings fell by 9. Inflows through equity and investment fund shares likewise slipped by 1. Chief Economist Robert Dan J. Roces said in an e-mail. As of Monday, the Health department reported 11, new cases, bringing the active cases to , — the highest in Southeast Asia. Lockdown restrictions in Metro Manila and nearby provinces were slightly eased on Monday, amid pleas from the business community to reopen the economy. fdi philippines.Despite being among the last in the region, the Philippines has started inoculating its population in March.
It aims to vaccinate at least 70 million of its over million population. Non-residents' net investment in equity capital also rose by 0. Equity capital placements during the period "emanated largely" from Singapore, Japan and the Netherlands and are channeled to financial and insurance, manufacturing, professional, scientific and technical industries, the Fdi philippines said.
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Reinvestment of earnings, however, declined by 9. Economic managers earlier predicted a positive growth in the second quarter.
The Philippine economy contracted by ]
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