The bank said the slowdown in FDI net inflows during the month reflected the shift in non-residents’ net investments in equity capital from $85 million in inflows to $57 million in outflows.
This was, however, partly offset by a 36.7 per cent YoY increase in reinvestment of earnings, which amounted to $128 million from $94 million.
Non-residents’ net investments in debt instruments grew by 9.3 per cent YoY, from $279 million to $305 million.
Japan, the United States and South Korea were the top sources of FDI during the month.
Companies receiving most of these investments were in the manufacturing, real estate and wholesale and retail trade sectors.
For the first half of the year, FDI net inflows amounted to $3.4 billion.
ALCHEMPro News Desk (DS)
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