Foreign direct investment net inflows rose for the third consecutive month this year, according to the Bangko Sentral ng Pilipinas .
The BSP said the higher figure in March was led by nonresidents’ net investments in debt instruments, which grew 19.0 percent year-on-year to $465 million from $391 million in March 2023. Net investments in debt instruments consist mainly of intercompany borrowing/lending between foreign direct investors and their subsidiaries/affiliates in the Philippines.
Equity capital placements in March came mainly from Japan, Singapore and the United States. These investments were concentrated in manufacturing, financial and insurance and real estate. The Department of Trade and Industry said this shows the growing confidence of global investors in the Philippines as a prime investment destination.