Net inflows of foreign direct investments fell 38 percent in July to $307 million from $493 million a year ago, the Bangko Sentral ng Pilipinas said Tuesday.
Data showed that investments in debt instruments shrank in July to $105 million from $407 million a year ago, which outweighed the more than five-fold increase in net equity capital.
“The surge in net equity capital to $131 million was due mainly to the increase in equity capital placements to $170 million, which more than compensated for the withdrawals of $39 million,” the Bangko Sentral said.
Net FDI inflows in the first seven months hit $3.9 billion, or 16.5 percent lower than $4.7 billion recorded a year ago.
Equity capital placements during the seven-month period came mainly from Singapore, the US, Japan, Hong Kong and the Netherlands.