Net FDI inflows grew by 13% in February

MANILA  -The net inflows of foreign direct investments (FDI) into the Philippines grew by 13 percent to $1 billion in February from $926 million in the same month last year.

The Bangko Sentral ng Pilipinas said the increase was due to the higher non-residents’ net investments in debt instruments.

On the other hand, net equity capital placements as well as reinvestment of earnings decreased.

The BSP said “foreign investors remained cautious amid persistent and broadening global inflation.”