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Philippine foreign direct investments drop 71 pct in January

Xinhua, April 10, 2015 Adjust font size:

Philippine foreign direct investments (FDI) net inflows significantly fell by 71 percent to 263 million U.S. dollars in January from 905 million U.S. dollars a year ago, the central bank said on Friday.

"All components recorded net inflows, particularly, non- residents' investments in debt instruments that were issued by local affiliates at 167 million U.S. dollars, which accounted for the bulk of FDI during the period," the central bank said in a statement.

Equity capital registered net inflows of 25 million U.S. dollars as equity capital placements amounting to 53 million U.S. dollars more than offset withdrawals of 27 million U.S. dollars.

Equity capital placements came mainly from the United States, Germany, Singapore, the Netherlands and Japan.

They were channeled largely to wholesale and retail trade, manufacturing, real estate, financial and insurance, and professional, scientific and technical activities. Endi