Meanwhile, non-residents’ net investments in equity capital (other than reinvestment of earnings) increased by 158.7 per cent to $235 million from $91 million in May 2022. FDI remains subdued due to the effects of relatively higher price and interest rate levels globally.
The Philippines’ FDI net inflows reached $488 million in May 2023, a 34.0 per cent drop from $739 million in May 2022.
This fall was due to a 70.7 per cent contraction in non-residents’ net investments in debt instruments.
Equity capital placements mainly came from Germany, Japan, and the US.
FDI net inflows from January-May 2023 fell by 20.8 per cent.
Equity capital placements originated mostly from Germany, Japan, and the US. These were invested largely in the manufacturing and real estate industries.
On a cumulative basis, FDI net inflows for the period January-May 2023 dropped by 20.8 per cent to $3.4 billion from the $4.3 billion net inflows posted in the same period in 2022.
Fibre2Fashion News Desk (NB)