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Latest data from BSP showed that net inflow of foreign portfolio investments to the Philippines increased by 160 per cent, amounting to $701 million in the first seven months of 2010 compared to $265 million in the same period last year.
Meanwhile, Market Call (the joint monthly publication of First Metro Investment Corp. (FMIC) and University of Asia and the Pacific (UA&P) projects Philippine exports to grow by up to 27% in 2010 following an increase in demand for goods as the global economy begins to rebound.
Exports to East Asia capture the majority of Philippine exports. Data from the National Statistics Office showed that in June 2010, Philippine export merchandise reached $4.5 billion. Singapore ranks as the biggest export market for the country and accounted for 16.5 per cent of the Philippine export revenue.
The Bangko Sentral ng Pilipinas (Central Bank of the Philippines) expects foreign direct investments to soon equal inflows of “hot money” as investors’ confidence grow a result of the country’s improved macroeconomic fundamentals.
BSP Governor Amando Tetangco Jr. also expects that the share of foreign direct investments (FDI) to total inflows of foreign capital (including portfolio investments) to the Philippines could become more significant in the months ahead, especially with the government’s aggressive promotion of its public-private partnership (PPP) program. END
Latest News
RP Embassy Hosts ASEAN TV film documentary The Philippine Embassy recently played host during the ASEAN TV filming by the Mass Communication Organization of Thailand (MCOT) at the Chancery in the last week of August 2010 showcasing the best of Philippine history,...
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The Philippines Signs AIT Charter Ambassador Linglingay F. Lacanlale signs the new Charter of the Asian Institute of Technology (AIT) during a ceremony held at the Ministry of Foreign Affairs of Thailand on 25 August 2010. The signing of the new Charter gives...
Read More...Consular Updates
RP Embassy in Bangkok Meets Chiang Mai Officials and Renders Consular Outreach in Northern Thailand, 20-21 August 2010 A consular team from the Philippine Embassy in Bangkok headed by Ambassador Linglingay F. Lacanlale rendered consular extension services for the...
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The Philippine Embassy in Bangkok is pleased to announce the following revised schedule of consular outreach programs to the different cities and provinces of Thailand where there are large concentrations of Filipino nationals: City/Province Date Coordinator...
Read More...Community Events
FTAT Pays Courtesy Call on Ambassador Lacanlale 19 August 2010 (Bangkok) - The Officers of the Filipino Teachers Association in Thailand (FTAT) under the leadership of its President, Mr. Rodolfo Eusebio Mercurio, Jr., paid a courtesy call on Ambassador Linglingay...
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RP Ambassador to Thailand Bares Embassy Projects in Dialogue with FilCom 04 August 2010 (Bangkok) - Ambassador Linglingay F. Lacanlale presented the Embassy’s major projects for the year and early next year to the Filipino community in Thailand in a dialogue...
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RP Embassy Close on 10 September 2010 for Eid'l Fitr Philippine Embassy Close on 10 September 2010 Pursuant to Proclamation...
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USE OF “DRUG MULES” ON THE RISE IN THAILAND For the past couple of months, the Philippine Embassy in Bangkok has...
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