FDI falls 14.5% to $813M in Aug; debt investments down 21.6%, equity up 83.6%

Foreign direct investments (FDIs) into the Philippines dropped by 14.5% to $813 million in August compared to the same period last year, primarily due to a contraction of nonresidents' net investments in debt instruments by 21.6%. Other factors contributing to this decline include a decrease in reinvestment of earnings by 9.4%, while equity capital (excluding reinvested earnings) saw an increase of 83.6%.

Despite the August dip, year-to-date FDI net inflows rose by 3.9% to $6.1 billion compared to the same period last year. Major investments in this period were from Japan and the United States and were mainly channeled into manufacturing, real estate, electricity sectors, as well as wholesale and retail trade.