Net Jul FDI inflows into Philippines up 5.5% YoY; $5.3 bn in Jan-Jul

11 Oct '24

1 min read

Net Jul FDI inflows into Philippines up 5.5% YoY; $5.3 bn in Jan-Jul

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Net FDI inflows into the Philippines rose by 5.5 per cent YoY in July to $820 million, driven by higher net inflows across all components.
The January-July 2024 FDI net inflows were worth $5.3 billion, higher by 7.5 per cent YoY.
Most equity capital placements in July arrived from Japan, the US and Singapore, channeled primarily to the manufacturing and real estate sectors.

Net foreign direct investment (FDI) inflows into the Philippines increased by 5.5 per cent year on year (YoY) in July this year to $820 million, driven by higher net inflows across all components.

The January-July 2024 FDI net inflows to the country were worth $5.3 billion, higher by 7.5 per cent than the $4.9 billion net inflows in the corresponding period last year, the central bank said in a release.

In particular, non-residents’ net investments in debt instruments rose by 2.7 per cent in the month to $610 million from $594 million in July last year.

Non-residents’ reinvestment of earnings and their net investments in equity capital (other than reinvestment of earnings) increased by 12.8 per cent YoY to $135 million and by 16.8 per cent YoY to $76 million respectively in the month.

Most equity capital placements in July arrived from Japan, the United States and Singapore, channeled primarily to the manufacturing and real estate sectors.

Fibre2Fashion News Desk (DS)

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