Foreign direct investments into the Philippines slipped to a 13-month low in June as there were less investments in debt instruments during the month, the Bangko Sentral ng Pilipinas reported Monday.
“This muted the increase in their net investments in equity capital and reinvestment of earnings,” it added. Net investments in equity capital increased to $131 million from $91 million in May and $93 million in June 2021, while reinvestment of earnings climbed to $124 million from $106 million in May and $108 million in June last year.
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