1.6	INVESTMENTS
	in million US dollars
	Item		1990	1991	1992	1993	1994	1995	1996	1997	1998	1999
Investments, Net			480	654	737	812	1558	1609	3517	762	1672	640
A.	Non-Resident Investments in the Phils.		498	681	931	2135	2492	2944	3621	843	2016	1236
	Direct Investments		550	556	776	1238	1591	1459	1520	1249	1752	807
	Placements		550	556	776	1238	1591	1459	1520	1249	1752	934
	New Foreign Investment in the Phil.		171	130	234	547	930	1300	1074	1073	1631	1104
	Reinvested Earnings		28	34	42	43	29	23	44	56	85	370
	Technical Fees and Others
		Converted to Equity	22	50	41	5	36	22	0	0	0	26
	Debt Conversions		226	273	269	193	2	0	0	0	0	0
	Bond Conversion		0	0	0	0	45	46	277	114	36	0
	Imports Converted into Investments		2	6	5	0	1	6	0	6	0	0
	Others		101	63	185	450	548	62	125	0	0	0
	Withdrawals		0	0	0	0	0	0	0	0	0	693
	Portfolio Investments 1/		-52	125	155	897	901	1485	2101	-406	264	429
	Placements		152	227	566	2257	2979	3861	6687	6947	4297	12294
	Withdrawals		204	102	411	1360	2078	2376	4586	7353	4033	11865
B.	Less: Resident Investments Abroad		18	27	194	1323	934	1335	104	81	344	596
	Direct Investments		22	27	101	374	302	98	182	136	160	116
	Placements		22	27	101	374	302	98	182	136	160	134
	Residents' Investments Abroad		4	2	24	323	112	98	182	136	160	134
	Withdrawals		0	0	0	0	0	0	0	0	0	18
	Portfolio Investments 1/		-4	0	93	949	632	1237	-78	-55	184	437
	Placements		0	15	115	1061	1338	1864	119	184	184	788
	Withdrawals		4	15	22	112	706	627	197	239	0	351
	Other Investments 2/											43
	Placements											501
	Withdrawals											458
Note:	1/  Include financial derivatives transactions
	2/  Other investments represent deposits/placements of resident abroad.
Sources : DES-, ID-BSP