5,076

FDI net inflows up 46% in Feb.

The Bangko Sentral reported Thursday that foreign direct investment net inflows in February this year jumped to USD573 million, or an increase of 46.4 percent compared to the same month in 2017.

BSP noted that increment in FDI net inflows was driven by strong growth in investments in debt instruments and equity capital.

Net debt instruments in February rose 56.3 percent to USD412 million this year from USD264 million in February 2017.

Likewise, net equity capital strengthened to USD96 million, as gross placements reached USD114 million while withdrawals posted USD18 million.

These equity placements were invested in sectors of art, entertainment and recreation, real estate, manufacturing, construction, and electricity, gas, steam and air-conditioning supply activities.

On the other hand, reinvestment of earnings for February slightly slipped by 1.7 percent to USD65 million this year from USD66 million in the previous year.