Philippines Foreign Direct InvestmentJune 2022 Data - 2005-2021 Historical

Net foreign direct investment into the Philippines fell 9.83% yoy to USD a 10-month low of 0.73 billion in March 2022, reversing strongly from a 46.3% surge in February, amid investors’ concern about the outlook on the global economic recovery. The decreased was dragged down by a 69.6% plunge in non-residents’ net investments in debt instruments of local affiliates to USD 105 million. This resulted as equity capital placements contracted by 68.7% to USD 118 million, but was somewhat mitigated by the 58.2% decline in equity capital withdrawals to USD 12 million from USD 28 million. Meanwhile, non-residents’ net investments in debt instruments of local affiliates grew by 45.1% to USD 543 million. The bulk of the equity capital placements during the period came from Japan, the US, and Singapore. Capital infusions were directed mainly to manufacturing; real-estate and financial and insurance. For the first quarter of the year, FDI net inflows rose by 2% yoy to USD 2.4 billion.

Net foreign direct investment into the Philippines surged 46.3% yoy to USD 0.89 billion in February 2022, rebounding sharply from a 16% plunge in January, reflecting mainly the continued infusion of funds by non-resident investors to their local subsidiaries. The increase was supported by a 40.8% growth in non-residents’ net investments in debt instruments of local affiliates to USD 722 million from USD 513 million in February 2021. Also, non-residents’ net investments in equity capital soared by 320.1% yoy to USD 97 million. In particular, equity capital placements grew by 26.5% yoy to USD 116 million, while equity capital withdrawals contracted by 72.4% to USD 19 million. The bulk of the equity capital placements during the period came from Kuwait, Japan, and the US. Capital infusions were directed mainly to manufacturing; financial and insurance, and real estate industries. Considering the first two months of the year, FDI net inflows rose by 8% yoy to USD 1.71 billion.

Net foreign direct investment into the Philippines plunged 16% yoy to a 4-month low of USD 0.82 billion in January 2022, pointing to the first decline in eight months, amid re-imposing stricter quarantine measures in early January, following the resurgence of cases of the highly transmissible Omicron variant. The decrease was mainly due to a 68.2% fall in equity capital placements to USD118 million from USD 370 million a year earlier. Reinvestment of earnings was little changed at USD 78 million from USD 79 million a year ago. Meanwhile, non-residents’ net investments in debt instruments rose by 18.3% to USD 634 million from USD 536 million in January 2021 as inflows were infused to local affiliates to finance their operational requirements. The bulk of the equity capital placements during the period came from Japan, the US, the Netherlands, and Malaysia. Capital infusions were directed mainly to manufacturing; financial and insurance industries, and real estate industries.