Philippine FDI declines in August ’24

Philippine’s foreign direct investment (FDI) net inflows fell 14.5 per cent year-over-year in August 2024, reaching $813 million, from $951 million in August 2023, as per data published by the central bank on Thursday.

The decline was primarily driven by a decrease in non-residents’ net investments in debt instruments, which fell 21.6 per cent to $529 million from $675 million. Additionally, non-residents’ reinvestment of earnings also fell by 9.4 per cent to $217 million.

Attribution: Bangko Sentral ng Pilipinas report

Subediting: M. S. Salama