Philippine’s FDI inflows rise 5.5% in July ’24

Philippine’s foreign direct investment (FDI) net inflows rose by 5.5 per cent year-over-year in July 2024, reaching $820 million, up from $778 million in July 2023, as per data published by the central bank on Thursday.

The improvement in FDI was driven by higher net inflows across all components. Notably, non-residents’ net investments in debt instruments rose by 2.7 per cent to $610 million.

Additionally, non-residents’ reinvestment of earnings and their net investments in equity capital (other than reinvestment of earnings) experienced substantial growth, increasing by 12.8 per cent and 16.8 per cent to $135 million and $76 million, respectively.

Attribution: Bangko Sentral ng Pilipinas report

Subediting: Y.Yasser