NET inflows of foreign direct investments (FDI) grew 5.5 percent to $820 million in July 2024 from $778 million net inflows in the same month last year, the Bangko Sentral ng Pilipinas (BSP) said Thursday.
“The improvement in FDI was driven by higher net inflows across all components,” the BSP said.
Nonresidents’ net investments in debt instruments went up by 2.7 percent to $610 million from $594 million.
Nonresidents’ reinvestment of earnings and their net investments in equity capital increased by 12.8 percent to $135 million from $120 million and 16.8 percent to $76 million from $65 million, respectively.
The bulk of the equity capital placements in July 2024 came from Japan, the United States and Singapore.
“These investments were channeled mainly to the manufacturing and real estate industries,” the BSP said.
The July figure brought the FDI net inflows in the first seven months of 2024 to $5.3 billion, up by 7.5 percent from the $4.9-billion net inflows registered a year ago.
The top sources of FDIs in the first seven months are the United Kingdom, Japan and the United States.