The BSP said the 36.1-percent increase in non-residents’ net investments in debt instruments to $515 million in February from $378 million in the same period last year tempered the decline in FDI. Equity capital placements for the month were mainly from Japan, the United States, the Netherlands, Malaysia and Singapore. Year-to-date, the BSP said FDI net inflows went up by 20.6 percent to $1.6 billion from $1.3 billion a year ago. “This was due mainly to the 67.7 percent expansion in non-residents’ net investments in debt instruments to $1.1 billion from $626 million,” the BSP said. Equity capital placements during the period originated mostly from Singapore, Japan, the Netherlands, and the United States.

Source: Manila Times May 10, 2021 16:30 UTC