In a statement, the Central Bank said FDI net inflows grew by 54.2 percent to $10.5 billion last year from $6.8 billion in 2020.
FOREIGN direct investment net inflows reached an all-time high of $10.5 billion in 2021 as the country benefits from positive investor sentiment due to anticipated economic recovery from pandemic, the Bangko Sentral ng Pilipinas reported on Thursday.
The BSP attributed the better FDI net inflows to higher non-residents’ net investments in debt instruments, which grew by 80.4 percent to $7.5 billion from $4.2 billion year-on-year. The Central Bank noted that equity capital placements reached $2.1 billion while withdrawals amounted to $399 million for the year. Most of the equity capital placements came from Singapore, Japan, United States and Netherlands.
Non-residents’ net investments in equity capital, other than reinvestment of earnings, rose by 59.6 percent to $336 million in December 2021 from $211 million year-on-year.‘Strong positive signal’ Ricafort explained that the recent easing of quarantine measures—seen to result in more business activities and revenue generation—can bode well for the country in terms of attracting FDI.
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