Foreign direct investments (FDI) net inflow went up by 89.9 percent in February this year.

Data released by the Bangko Sentral ng Pilipinas (BSP) on Wednesday showed that FDI net inflows during the month amounted to $907 million, up from the $478 million recorded in January 2023.

FDIs include investment by a non-resident direct investor in a resident enterprise, whose equity capital in the latter is at least 10 percent, and investment made by a non-resident subsidiary or associate in its resident direct investor.

The BSP said an FDI can be in the form of equity capital, reinvestment of earnings, and borrowings.

"The increase in FDI was supported mainly by the 173.2 percent expansion in non-residents’ net investments in debt instruments to $820 million from $300 million in January 2023," said the BSP.

Reinvestment of earnings also increased by 16.4 percent to $99 million from $85 million.

The BSP said top sources of FDIs during the month include Japan and the United States.

These were channeled primarily to manufacturing, real estate, construction, and wholesale and retail trade industries.