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.
2025-01-10Central Bank of the Philippines
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.