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Philippines sees 50.2% rise in FDI to $1 billion in October 2024, driven by debt and equity investments.
In October 2024, the Philippines saw a 50.2% increase in Foreign Direct Investment (FDI) to $1 billion, up from $681 million in October 2023, according to the central bank.
This rise was largely due to a 60.7% increase in non-residents' debt investments to $839 million and a 34.1% rise in equity capital investments to $100 million.
FDI for the first 10 months of 2024 reached $7.7 billion, up from $7.1 billion in the same period in 2023.
Investments mainly came from Japan, the U.S., and Singapore, focusing on manufacturing, real estate, and construction.
3 months ago
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