Net FDI inflows into Philippines $556 mn in Apr; $3.5 bn in Jan-Apr

12 Jul '24

1 min read

Net FDI inflows into Philippines $556 mn in Apr; $3.5 bn in Jan-Apr

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Net FDI inflows into the Philippines were worth $556 million in April, down by 36.9 per cent than the $881 million recorded in April 2023, the central bank said.
The level rose by 18.7 per cent year on year in January-April 2024 to reach $3.5 billion.
Equity capital placements during April emanated largely from Japan, the US, Malaysia and Singapore.

Net foreign direct investment (FDI) inflows into the Philippines were worth $556 million in April this year, lower by 36.9 per cent than the $881 million recorded in the same month last year, according to the country’s central bank.

In particular, non-residents’ net investments in debt instruments decreased by 38.8 per cent to $407 million from $665 million in April 2023.

Likewise, non-residents’ net investments in equity capital (other than reinvestment of earnings) and their reinvestment of earnings declined by 48.1 per cent to $68 million and by 4.2 per cent to $81 million from $132 million and $84 million respectively in April 2023, a central bank release said.

Equity capital placements during the reference month emanated largely from Japan, the United States, Malaysia and Singapore. These were channeled primarily to the manufacturing, real estate, wholesale and retail trade, and financial and insurance industries.

Notwithstanding the decline in FDI during the month, the level increased by 18.7 per cent year on year in January-April 2024 to reach $3.5 billion.

Fibre2Fashion News Desk (DS)

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