Philippines attracts $2.1 billion in foreign investments, reversing 2023's outflow trend.

In 2024, the Philippines saw a significant turnaround in foreign investments, with a $2.1 billion net inflow of "hot money," a sharp contrast from the $248.84 million outflow in 2023. This short-term investment influx, mostly from countries like the UK and the US, surged by 39.2% to $17.93 billion. The increase is attributed to monetary easing by the US Federal Reserve and the Bangko Sentral ng Pilipinas, along with improved credit ratings, attracting more international investors.

2 months ago
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