Net foreign direct investment inflows increased by 227 percent to reach $533 million in July 2013 compared to the $163 million posted in the same month last year.
This reflected the continued confidence of investors in the Philippine economy on the back of strong macroeconomic fundamentals.
In particular, non-residents’ placements in debt instruments issued by local affiliates registered net inflows of $473 million during the month, increasing by 606.6 percent from $67 million last year.
More Pinoys visiting Malaysia
Nizam Eshak, Assistant Tourism Attache of the Malaysia Embassy and deputy director of Tourism Malaysia, yesterday invited Negrenses to visit Malaysia, during a promotional campaign in Bacolod City for the celebration of Visit Malaysia Year 2014.
The campaign was launched at the cinema lobby of SM-Bacolod by the Malaysia Tourism Promotion Board or Tourism Malaysia to boost awareness of the event.
Malaysia will host the ASEAN Tourism Forum next year, from January 16 to 23 in Kuching, Sarawak.
enough for holidays’
The Pork Producers Association of the Philippines yesterday assured that there will be ample supply of pork for the holiday season.
The assurance was made by Propork president Edwin Chen during an interview at the sidelines of the 2013 Agrilink/Foodlink/Aqualink trade exhibit being held October 10 to 12 at the World Trade Center in Pasay City.
Propork is composed of 48 associations of pork producers nationwide.