Net inflows of foreign direct investments (FDIs) increased 7.9 percent in the first half of 2024 to $4.4 billion from $4.1 billion a year ago despite the lower figure in June, data from the Bangko Sentral ng Pilipinas (BSP) show.
The BSP said the top sources of FDI inflows in the six-month period were the United Kingdom, Japan and United States.
FDI net inflows fell 29 percent in June to $394 million from $555 million in the same month in 2023, the BSP said.
The BSP attributed the decline to the lower net inflows across all major FDI components. It said nonresidents’ net investments in debt instruments fell 30 percent to $213 million from $304 million in June 2023.
Nonresidents’ net investments in equity capital (other than reinvestment of earnings) and their reinvestment of earnings also decreased by 33.2 percent to $74 million from $111 million and 23.4 percent to $107 million from $140 million, respectively.
Equity capital placements in June 2024 mostly came from Japan, the United States, Sweden and Singapore. These were invested in manufacturing, real estate, wholesale and retail trade and financial and insurance industries.
