FDI net inflow rises 7.1% in April
INQUIRER FILE PHOTO
MANILA, Philippines — The net inflow of job-generating foreign direct investments (FDI) into the Philippines snapped five straight months of decline to post a 7.1 percent growth in April.
The Bangko Sentral ng Pilipinas (BSP) said on Thursday said $610 million more of FDI entered the country against foreign capital that left during the month. This was an increase from a $570-million net inflow a year ago.
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“The increase resulted from higher net inflows from nonresidents’ net investments in debt instruments,” the BSP said.
These surged by 24.3 percent year-on-year from $420 million to $522 million.
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“Reinvestment of earnings also increased by 3.3 percent from $82 million to $84 million,” the central bank added.