FDI Inflow Hits $1.02 B in October

The net inflow of foreign direct investments (FDI) surged by 50.2 percent to hit an eight-month high of $1.02 billion in October last year from $681 million in the same month in 2023, according to the Bangko Sentral ng Pilipinas (BSP).

- KEISHA TA-ASAN

The net FDI inflow in October last year was the highest since the $1.37 billion recorded in February 2024.

The central bank said the rise was due to higher investments in debt instruments and equity capital.

Investments in debt instruments, consisting mainly of intercompany borrowing between foreign direct investors and their subsidiaries or affiliates in the Philippines, soared by 60.7 percent to $839 million in October last year from $522 million in the same month in 2023.

Likewise, nonresident's investments in equity capital rose by 34 percent to $100 million in October last year from $74 million in the same period a year ago.