The rise was due to a significant expansion in non-residents’ net investments in debt instruments that rose by 88.3 per cent YoY to $427 million, the bank said.
Reinvestment of earnings remained relatively stable at $97 million.
Net FDI inflows into the Philippines rose by 21.3 per cent year on year (YoY) to $586 million in May this year, according to the country’s central bank.
The rise was due to a significant expansion in non-residents’ net investments in debt instruments that rose by 88.3 per cent YoY to $427 million.
Reinvestment of earnings remained relatively stable at $97 million.
These gains were partly offset by the 61.4-per cent decline in non-residents’ net investments in equity capital (excluding reinvestment of earnings), which fell from $161 million in May last year to $62 million in the same month this year.
Equity capital placements in May mostly came from the United States, Japan, Singapore and South Korea.
These were invested in manufacturing, real estate, and electricity, gas, steam and air conditioning supply industries.
Fibre2Fashion News Desk (DS)