1.6	DIRECT INVESTMENT
	in million U.S. dollars
							2006 p/							Q2				Growth		Jan-Jun				Growth Rate
		ITEM					Jan	Feb	Mar	Apr	May	Jun		2006	p/	2005	r/	Rate (%)		2006	p/	2005	r/	2006	2005	r/
	DIRECT INVESTMENT						170	73	88	69	356	211		636		117		443.6		967		630		53.5	334.2
		ASSETS :  Residents' Investments Abroad					1	38	-7	3	-5	-1		-3		19		-115.8		29		45		-35.6	-89.8
		Equity  capital					1	38	-7	3	-5	-1		-3		19		-115.8		29		45		-35.6	-89.8
			Claims on affiliated enterprises				1	38	-7	3	-5	-1		-3		19		-115.8		29		45		-35.6	-89.8
			Liabilities to affiliated enterprises				0	0	0	0	0	0		0		0		0.0		0		0		0.0	0.0
		Reinvested earnings					0	0	0	0	0	0		0		0		0.0		0		0		0.0	0.0
		Other Capital					0	0	0	0	0	0		0		0		0.0		0		0		0.0	0.0
			Claims on affiliated enterprises				0	0	0	0	0	0		0		0		0.0		0		0		0.0	0.0
			Liabilities to affiliated enterprises				0	0	0	0	0	0		0		0		0.0		0		0		0.0	0.0
		LIABILITIES : Non-residents' Investments					171	111	81	72	351	210		633		136		365.4		996		675		47.6	287.9
			in the Philippines
		Equity  capital					-30	41	112	97	38	107		242		203		19.2		365		655		-44.3	58.2
			Claims on direct investors				0	0	0	0	0	0		0		0		0.0		0		0		0.0	0.0
			Liabilities to direct investors				-30	41	112	97	38	107		242		203		19.2		365		655		-44.3	58.2
		Reinvested earnings					2	4	11	15	-21	-36		-42		25		-268.0		-25		126		-119.8	90.9
		Other Capital					199	66	-42	-40	334	139		433		-92		570.7		656		-106		718.9	65.4
			Claims on direct investors				-20	-16	202	152	-172	-64		-84		124		-167.7		82		59		39.0	-41.6
			Liabilities to direct investors				179	50	160	112	162	75		349		32		990.6		738		-47		1670.2	77.1
p/  - preliminary
r/   - Revised to reflect post audit adjustments
Note:   Balance is derived by deducting assets from liabilities.