May surge in foreign investments to Philippines cushions previous decline

MANILA (Philippine Daily Inquirer/ANN): Long-term capital from overseas rose sharply in May as foreign investors brought in more equity into their local operations and acquired long-dated debt instruments issued by Philippine entities, according to the central bank.

In a statement, the Bangko Sentral ng Pilipinas (BSP) said foreign direct investments (FDI) net inflows grew by 42.4 per cent to US$399 million in May 2020 from the $280 million net inflows posted in the same period in 2019.