The Central Bank of the Philippines released foreign direct investment (FDI) data showing net inflows of USD 901 million in November 2024, a 19.8% decline from November 2023. Despite the monthly drop, cumulative net FDI inflows for January to November 2024 rose 4.4% year on year to USD 8.6 billion. By component, nonresidents’ net investments in debt instruments fell 17.9% to USD 791 million, while net equity capital placements (excluding reinvestment of earnings) declined 58.9% to USD 35 million; reinvestment of earnings was broadly stable at USD 74 million. Equity capital placements mainly came from Japan, the United States, and Singapore and were directed primarily to manufacturing, real estate, financial and insurance, and administrative and support service industries; the release also notes the figures are compiled under BPM6 and differ from other government sources that report approved investment commitments rather than net, realized inflows.
Central Bank of the Philippines 2025-02-10
Central Bank of the Philippines reports November 2024 FDI net inflows down 19.8% to USD 901 million
The Central Bank of the Philippines reported a 19.8% decline in foreign direct investment (FDI) net inflows to USD 901 million in November 2024 compared to the previous year. Despite this, cumulative net FDI inflows from January to November 2024 increased by 4.4% year on year to USD 8.6 billion. The data, compiled under BPM6, highlights declines in nonresidents’ net investments in debt instruments and net equity capital placements, with stable reinvestment of earnings.