The inflow of foreign direct investments (FDI) in the Philippines reached a two-month high in January, with a 89.9 percent increase compared to the same month in 2023. The boost in FDI was attributed to easing inflation and increased investor confidence.
Data released by the Bangko Sentral ng Pilipinas showed an FDI inflow of $907 million in January, significantly higher than the $478 million booked in the same month in 2023.MANILA, Philippines — The inflow of foreign direct investments soared by 89.9 percent to hit a two-month high in January, as easing inflation boosted investor confidence in the Philippines .
Based on BSP data, investments in debt instruments stood at $820 million in January, more than double the $300 million in the same month a year ago. These investments mainly consist of intercompany borrowing between foreign direct investors and their subsidiaries or affiliates in the Philippines. On the other hand, equity withdrawals almost doubled to $110 million in January from $56 million in the same month in 2023.
It marked the slowest print since the 2.3 percent in October 2020, at the height of the COVID-19 pandemic. The Securities and Exchange Commission is working to ban the Binance app following recent efforts to block its website and...
Foreign Direct Investments FDI Philippines Inflation Investor Confidence
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