7 INVESTMENTS                      
  for periods indicated                      
  in million U.S. 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 1500  
         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