The Central Bank of the Philippines published updated foreign direct investment (FDI) statistics showing net inflows rose 50.2% year on year to USD 1.0 billion in October 2024 (from USD 681 million in October 2023). The increase was driven by a 60.7% rise in nonresidents’ net investments in debt instruments to USD 839 million (from USD 522 million) and a 34.1% rise in net equity capital (excluding reinvestment of earnings) to USD 100 million (from USD 74 million). Reinvestment of earnings edged down 0.9% to USD 83 million (from USD 84 million). Equity capital placements mainly originated from Japan, the United States and Singapore and were directed primarily to manufacturing, real estate and construction. On a cumulative basis, January to October 2024 net FDI inflows reached USD 7.7 billion, up 8.2% from USD 7.1 billion in the same period of 2023; the central bank noted the series is compiled under BPM6 definitions, reported in net terms, and differs from approved investment commitment data published by other government sources.
Central Bank of the Philippines 2025-01-10
Central Bank of the Philippines reports October 2024 net FDI inflows up 50.2% to USD 1.0 billion
The Central Bank of the Philippines reported a 50.2% year-on-year increase in foreign direct investment net inflows to USD 1.0 billion in October 2024. This growth was driven by a 60.7% rise in nonresidents' net investments in debt instruments and a 34.1% increase in net equity capital. Cumulative net FDI inflows from January to October 2024 reached USD 7.7 billion, up 8.2% from the same period in 2023.