Philippine foreign direct investments down 43 pct in April
Xinhua, July 10, 2015 Adjust font size:
The Philippines posted a net inflow of 382 million U.S. dollars in foreign direct investments (FDI), which is 43 percent lower than the figure of 671 million U.S. dollars a year earlier, the central bank said Friday.
The drop was mainly due to the decline in non-residents' net placements in debt instruments, the bank said.
By FDI component, net equity capital investments reached 25 million U.S. dollars, reinvestment of earnings amounted to 81 million U.S. dollars, and net placements by non-residents in debt instruments issued by their local affiliates settled at 276 million U.S. dollars.
The central bank said the equity capital placements came largely from the United States, the United Kingdom, Hong Kong, Germany and Luxembourg, and were channeled mainly to real estate, manufacturing, administrative and support service, financial and insurance, and wholesale and retail trade activities.
From January to April, FDI flows remained positive at 1.2 billion U.S. dollars, but fell by 48.3 percent from 2.4 billion U. S. dollars recorded a year ago. Endi