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.

2 months ago
9 Articles