MANILA, Philippines – Foreign direct investments (FDIs) rose by 20% to $746 million in February, the Bangko Sentral ng Pilipinas (BSP) said on Friday, May 10.
The latest amount brought net FDI inflows to $1.4 billion for January to February 2019, which is 15.7% lower than the $1.6 billion registered in the same period in 2018.
Net equity capital investments drove FDI net inflows last February, expanding by 141.7% to $223 million.
FDI Net Inflows Increase by 20.2% in February 2019 & First Two Months Level Reaches US$1.4 Billion https://t.co/zQyPbMoWSQ pic.twitter.com/DfXZ3A9ADi — Bangko Sentral (@BangkoSentral) May 10, 2019
Equity capital placements that month were sourced from Japan, China, the United States, Singapore, and Switzerland.
These placements were channeled primarily to transportation and storage, financial and insurance, manufacturing, real estate, and professional, scientific, and technical industries.
FDIs are investments where foreign companies buy equity or actually set up shop in the country.
Unlike portfolio investments or hot money, FDIs stick around longer and create more job opportunities for Filipinos. – Rappler.com