Views: 5103|Replies: 10

"Hot money" inflows to Philippines [Copy link] 中文

Rank: 6Rank: 6

Post time 2013-2-14 18:24:27 |Display all floors
Source: XINHUA  |   2013-2-14  


"Hot money" inflows to Philippines hit record 1.27 bln USD in January



MANILA, Feb. 14 (Xinhua) -- Foreign portfolio inflows to the Philippines surged to a 26-month high of 1.27 billion U.S. dollars in January, as strong domestic growth attracted investors.


According to data issued Thursday by the central bank, the net inflow of portfolio investments in January more than doubled last year's 586.01 million U.S. dollars, and was the highest since November 2010.

In a statement, monetary officials attributed the January performance to positive investor reaction to the Philippines' 6.6- percent economic growth in 2012, the second fastest in Asia, next only to China. Foreign portfolio placements were also driven by reactions to revised growth projections by the International Monetary Fund.

Gross inflows amounted to 2.81 billion U.S. dollars, while gross outflows reached 1.54 billion U.S. dollars. Portfolio investments, better known as "hot money", are usually placed on the bond and stock markets.

For January, 65.3 percent of investments entered the country's bourse, while 33.6 percent went to government securities.

Portfolio inflows were mainly channeled to PSE-listed shares.

Investments were mainly sourced from Singapore, the United States, the United Kingdom, Luxembourg and Hong Kong. Outflows, meanwhile, went to the United States.
It is indeed very practical that the party is  judge, legislator, head of the army, executor  and  publisher  all in one in China.

Use magic tools Report

Rank: 6Rank: 6

Post time 2013-3-3 23:29:09 |Display all floors
Korean firms leading exodus from south China’s manufacturing hub- Moving to the Philippines
AT MONDAY, JUNE 11, 2012

By Park Min-hee, Beijing correspondent in Guangdong province

Falling demand from abroad and increasing operating costs pushing foreign firms to look elsewhere

An executive from a Korean electronics company operating in Dongguan, Guangdong province, China said his firm recently built a plant in the Philippines. His and other companies working in China are apparently considering an exodus from China.

The company runs one of the biggest businesses in Dongguan. As a result of the financial crisis in Europe and the U.S., export orders are falling fast. Meanwhile, labor and other production costs are soaring. These factors are combining to make doing business in China much less profitable than it once was.

"If the situation in China doesn't get any better, there's no choice but to leave," the executive said.

"Our company's situation is the least bad among companies in Dongguan. Still, our business volume is 20 to 30 percent below where it was at this time last year. Some companies are 50 percent behind where they were," said the executive. "I heard that five other electronics companies are preparing to move to the Philippines."
It is indeed very practical that the party is  judge, legislator, head of the army, executor  and  publisher  all in one in China.

Use magic tools Report

Rank: 6Rank: 6

Post time 2013-3-3 23:29:52 |Display all floors

Workers leave a recently closed factory in Dongguan, China. On the factory's wall is a poster that states the factory has been foreclosed by court decree and is off limits to workers.
It is indeed very practical that the party is  judge, legislator, head of the army, executor  and  publisher  all in one in China.

Use magic tools Report

Rank: 8Rank: 8

Post time 2013-3-3 23:48:31 |Display all floors
Good, that means fewer of your women have to work as maids and be abused in foreign homes.   

Use magic tools Report

Rank: 8Rank: 8

Post time 2013-3-3 23:53:26 |Display all floors
You will have more money to buy worn-out crappy warships from the U.S.

Use magic tools Report

Rank: 8Rank: 8

Medal Medal of honor Gold Medal July's Best Writer 2012 October's Best Writer 2012

Post time 2013-3-3 23:55:40 |Display all floors
NE_Tigress Post time: 2013-3-3 23:53
You will have more money to buy worn-out crappy warships from the U.S.

Must have been a very good banana crop this year  ........    !   



What the world needs is more geniuses with humility, there are so few of us left  -   Oscar Levant

Use magic tools Report

Rank: 8Rank: 8

Post time 2013-3-4 00:05:51 |Display all floors
expatter Post time: 2013-3-3 23:55
Must have been a very good banana crop this year  ........    !

  I heard Japan is buying more bananas from them as a sign of support. Good luck to both of them.

Use magic tools Report

You can't reply post until you log in Log in | register

BACK TO THE TOP
Contact us:Tel: (86)010-84883548, Email: blog@chinadaily.com.cn
Blog announcement:| We reserve the right, and you authorize us, to use content, including words, photos and videos, which you provide to our blog
platform, for non-profit purposes on China Daily media, comprising newspaper, website, iPad and other social media accounts.