Philippines' FDI net inflows fell by 27.8 pct in March

MANILA, June 10 (Xinhua) -- Foreign direct investment (FDI) into the Philippines declined by 27.8 percent year over year in March to reach 498 million U.S. dollars, due to lower net inflows across all major FDI components, the Philippine central bank said Tuesday.

"In particular, nonresidents' net investments in debt instruments dropped by 31.6 percent year-on-year to 329 million dollars from 481 million dollars in March 2024," the Bangko Sentral ng Pilipinas (BSP) said in a press release.

The BSP said that nonresidents' net investments in equity capital (other than reinvestment of earnings) and their reinvestment of earnings fell by 27.4 percent and 1.2 percent, respectively.

The BSP noted that the equity capital placements in March this year came primarily from Singapore, Japan, the United States, South Korea, and Malaysia.

"These were infused largely to the real estate, manufacturing, financial and insurance, and administrative and support services industries," the BSP said.

For the first quarter of 2025, the BSP said the FDI net inflows decreased by 41.1 percent to 1.8 billion dollars from 3 billion dollars recorded in the first quarter of 2024. Enditem