Foreign direct investments climb to $4.2M as of end-May

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Metro Manila (CNN Philippines, August 10) — Foreign direct investments rose to $4.17 million by the end of May, up 18.8% annually, said the Bangko Sentral ng Pilipinas (BSP) on Wednesday.

The five-month tally was boosted by the $742 million recorded in May alone, a 64.1% year-on-year increase.

The BSP attributed the year-to-date climb to debt instruments, considered a safe portfolio by investors, which grew 42.7% to $3.12 million during the stretch. For the month, the tally was at $544 million, nearly double the $282 million recorded in May 2021.

This offset the 31.3% drop in net equity capital placements other than reinvested earnings, which amounted to $607 million from January to May. Withdrawals stood at $72 million and placements at $679 million.

Equity capital placements netted $91 million in May, up 47.8% from last year.

The BSP said these placements mainly hailed from Japan, the United States, Singapore, and the Netherlands. They were invested primarily in manufacturing, real estate, information and communication, along with transportation and storage.

Reinvested earnings totaled $106 million during the month, 2% lower annually. May's figure brought the cumulative amount to $435 million, up 0.2% from the same period a year ago.