MANILA - Net inflows of foreign direct investments in the Philippines reached $8.5 billion from January to October 2018, 1.8 percent higher compared to the same period in the previous year, the Bangko Sentral ng Pilipinas said Monday.
The increase was achieved despite the 74.2 percent drop in October, when net FDI inflows fell to $491 million from $1.9 billion during the same comparable period in 2017.
The BSP said net investments in debt instruments in January to October 2018 grew by 18.6 percent to reach $5.9 billion.
Net investments in equity capital slid to $2 billion from $2.8 billion in January-October 2017, the central bank said.
Singapore, Hong Kong, the United States, Japan, and China were the main sources of equity capital investments during the period.