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Net FDI inflows increased by a factor of ten to $7.3 billion.

In September 2021, net inflows of foreign direct investments (FDIs) increased by 30.4 percent year on year to USD660 million, up from USD506 million in September 2020.

According to figures issued by the Bangko Sentral ng Pilipinas (BSP) on Friday, cumulative FDI net inflows for the first three quarters of 2021 were USD7.3 billion, up 43.8 percent from USD5.1 billion in the same period of 2020.

This was mostly due to a 78.6 percent increase in non-residents’ net debt investments to USD5.3 billion from USD3 billion the previous year.

In addition, earnings reinvestment totaled USD865 million, up 12.3 percent from USD770 million a year ago.

Non-residents’ net equity capital investments, excluding reinvestment of returns, fell 15.7 percent to USD1.1 billion from USD1.3 billion during January to September 2020.

Net equity capital investments fell by 8.1 percent to USD1.5 billion from USD1.6 billion, while withdrawals increased by 30.7 percent to USD337 million from USD258 million.

Singapore, Japan, the United States, and the Netherlands accounted for the majority of equity capital placements.

Manufacturing, financial and insurance services, electricity, gas, steam, and air-conditioning, as well as real estate, received the majority of these funds.

The increase in FDI net inflows in September 2021 was fueled by a 60.2% increase in non-residents’ net debt investments, which increased to USD538 million from USD336 million the previous month.

Similarly, earnings reinvestment increased by 25.2 percent to USD89 million from USD71 million.

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