Foreign direct investment (FDI) net inflows jumped 50.2 percent to $1 billion in October 2024 from $681 million in the same period in 2023, the Bangko Sentral ng Pilipinas (BSP) said Friday.
It was also higher than $368 million in FDI net inflows registered in September 2024, data from the BSP show.
The increase in FDI net inflows was due to the 60.7-percent growth in nonresidents’ net investments in debt instruments to $839 million from $522 million.
Nonresidents’ net investments in equity capital, other than reinvestment of earnings, rose 34.1 percent to $100 million from $74 million.
Meanwhile, the growth in FDI inflows was moderated by a marginal contraction in nonresidents’ reinvestment of earnings.
This went down by 0.9 percent to $83 million from $84 million in October 2023. Equity capital placements in October 2024 came largely from Japan, the United States and Singapore.
These investments were directed primarily to the manufacturing, real estate, and construction industries.
The BSP said the October figure brought the total FDI net inflows in the first 10 months to $7.7 billion, up by 8.2 percent from $7.1 billion net inflows a year ago.
The BSP’s FDI statistics are different from the investment data of other government sources. FDIs cover actual investment inflows, while the approved foreign investments data published by the Philippine Statistics Authority (PSA) are sourced from investment promotion agencies (IPAs).
These represent investment commitments, which may not necessarily be fully realized in a given period.