Manila–(PHStocks)–Foreign direct investments (FDI) posted net inflows of $263 million in January 2015, albeit lower by 71 percent than the $905 million net inflows in the same period last year, according to the Bangko Sentral ng Pilipinas (BSP).
All components recorded net inflows, particularly, non-residents’ investments in debt instruments that were issued by local affiliates at $167 million, which accounted for the bulk of FDI during the period.
Equity capital registered net inflows of $25 million as equity capital placements amounting to $53 million more than offset withdrawals of $27 million. Equity capital placements originated mainly from the United States, Germany, Singapore, the Netherlands, and Japan. These were channeled largely to wholesale and retail trade; manufacturing; real estate; financial and insurance; and professional, scientific and technical (mainly landscape/architectural services) activities. Meanwhile, reinvestment of earnings were recorded at $70 million.