Net inflows of foreign direct investments (FDIs) went up by 114 percent to $679 million in April from $317 million a year ago, the Bangko Sentral ng Pilipinas (BSP) reported on Monday. "FDI net inflows in April 2021 rose on the back of positive foreign investor sentiment on the country's macroeconomic fundamentals and strong growth prospects," said the BSP. In particular, FDI net inflows during the month increased due mainly to the 121.2-percent expansion in non-residents' net investments in debt instruments to $500 million from $226 million in April last year. Year-to-date, the FDI net inflows went up by 20.6 percent to $1.6 billion from $1.3 billion a year ago. "The higher cumulative FDI net inflows was due to the improvements in all components, led by non-residents' net investments in debt instruments, which roseby 115.2 percent to $1.9 billion from $897 million," said the BSP.

Source: Manila Times July 12, 2021 17:03 UTC