Net foreign direct investment (FDI) inflows in the Philippines hit a 26-month high in February 2024, rising 29.3% year-on-year to $1.36 billion.
Net foreign direct investment (FDI) inflows in the Philippines reached a 26-month high in February 2024, increasing 29.3% year-on-year to $1.36 billion. The surge was driven by equity and investment funds, as well as equity placements, with nonresidents' net investments in equity capital increasing by 927.3% to $764 million. This brought the cumulative FDI net inflows in January-February 2024 to $2.3 billion, up 48.2% from the same period in 2023.
May 12, 2024
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