• The country’s net foreign direct investment (FDI) inflows increased by 89.9 percent to $907 million in January from $478 million in the same month in 2023 mostly from investors based in Japan, according to the Bangko Sentral ng Pilipinas (BSP).
  • The BSP on Wednesday, April 10, said the increase in FDI was boosted by the 173.2 percent growth in non-residents’ net investments in debt instruments to $820 million from $300 million in January last year. As defined by the central bank, net investments in debt instruments are mainly intercompany borrowing and lending between foreign direct investors and their subsidiaries and affiliates in the Philippines.
  • Meanwhile, reinvestment of earnings went up by 16.4 percent to $99 million versus $85 million in the same period in 2023.
  • The BSP forecasts a 2024 and 2025 net FDI of $9 billion for each year.

https://mb.com.ph/2024/4/10/fdi-surges-90-to-907-m-in-january