Foreign direct investments in June declined 29 percent to USD394 million from USD555 million in the year-earlier period, data from the Bangko Sentral ng Pilipinas showed.
The BSP said net investments in debt instruments from nonresidents fell by 30 percent to USD213 million from USD304 million in the same month last year. It added that net investments in equity capital, excluding reinvestment of earnings, decreased by 33 percent to USD74 million compared to USD111 million in June last year. Reinvestment of earnings also saw a reduction of 23 percent to a total USD107 million from USD140 million.
Equity capital placements in June were primarily sourced from Japan, the United States, Sweden, and Singapore. The majority of these investments were directed towards manufacturing, real estate, wholesale and retail trade, and financial and insurance industries.
On a cumulative basis, FDI net inflows for the first half of 2024 reached USD4.4 billion, up 7.9 percent from the USD
4.1 billion recorded during the same period in 2023.
Despite the monthly decline, the year-to-date figures reflect a positive trend in overall FDI inflows.
