NET foreign direct investments (FDI) rose in March from a year earlier but were markedly lower compared to February, Bangko Sentral ng Pilipinas (BSP) data released on Monday showed.
NET foreign direct investments rose in March from a year earlier but were markedly lower compared to February, Bangko Sentral ng Pilipinas data released on Monday showed.At $686 million, net FDI was 23.1 percent more than the year-ago $557 million. Compared to the previous month's $1.4 billion, however, it was 49.8 percent lower.Year to date, net FDI was still substantially higher on an annual basis, having grown by 42.1 percent to $3.0 billion from the $2.
Reinvestments of earnings rose to $229 million from $226 million, and net investments in debt instruments increased to $1.83 billion from $1.6 billion.Equity capital placements for the three-month period originated mostly from Japan and the Netherlands .The bulk, or 71 percent, went to the financial and insurance sector, followed by manufacturing , and real estate .Sought for comment, Rizal Commercial Banking Corp.
FDI Hits $686M In March Surges 42.1% In First Quarter
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