Net inflow of foreign direct investments in April declined 11.8 percent to $961 million from $1.1 billion a year ago on the back of lower equity capital for the period, the Bangko Sentral ng Pilipinas said Wednesday.
Net inflows of net equity capital fell 86 percent to $39 million from $272 million in April 2018. Equity capital placements came largely from Thailand, the United States, Singapore, Hong Kong and Japan.
These were channeled mainly to the financial and insurance, real estate, manufacturing, electricity, gas, steam and air-conditioning supply, and construction industries.
Meanwhile, non-residents’ investments in debt instruments (consisting mainly of loans extended by parent companies abroad to their local affiliates) increased 12.6 percent to $830 million from $737 million posted last year.