Foreign direct investments (FDI) net inflows amounted to $669 million in December 2016, more than double the $272 million recorded in the comparable period in 2015.
More than half or $415 million of the net inflows during the month were non-resident affiliates’ net placements in debt instruments issued by resident affiliates (or intercompany borrowings).
Net equity capital infusion reached $206 million, as equity capital placements of $294 million more than offset the $88 million withdrawals.
Equity capital placements came mostly from Hong Kong, Japan, the United States, Singapore, and Belgium.
These were channeled mainly in arts, entertainment and recreation; financial and insurance; manufacturing; real estate; and professional, scientific and technical activities.
Meanwhile, reinvestment of earnings amounted to $47 million during the month.
For full-year 2016, net FDI inflows reached $7.9 billion, registering a year-on-year growth of 40.7 percent.
This resulted as all FDI components continued to register net inflows. FDI inflows remained robust, supported by strong investors’ confidence in the country’s solid macroeconomic fundamentals.
Net availment of debt instruments rose by 68.6 percent to $5.2 billion from $3.1 billion in 2015.
Moreover, equity capital investments posted net inflows of $2 billion, 12.1 percent higher than the $1.8 billion recorded last year. – Reuters