FDI inflows surged by 64% in May
The net flows of foreign direct investments
The Bangko Sentral ng Pilipinas said the net FDI inflows in May rose by 64.1 percent to $742 million from $452 million in the same month last year.
It said the May results brought the net inflows of FDI for January to May to $4.2 billion, an 18.8-percent leap from $3.5 billion recorded in the same five months of 2021.
“The year-to-date growth was mainly on account of the increase in non-residents’ net investments in debt instruments, which muted the decline in net equity capital placements other than reinvestment of earnings,” the BSP said.
During the five months to the end of May, net equity placements other than reinvestment of earnings fell by 31.3 percent to $607 million from $885 million.
Reinvestment of earnings barely changed, with $435 million in January-May this year from $434 million in the same period last year.
Non-residents’ net investments in debt instruments swelled by 42.7 percent to $3.13 billion from $2.19 billion.
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