PH’s January FDI net inflows grew by 41.5%, the highest since 2019
The country’s net foreign direct investment (FDI) inflows went up by 41.5% to $961 million this January – the highest since 2019.
According to a report by the Bangko Sentral ng Pilipinas (BSP), the increase in the FDI inflows was mainly due to the 116% expansion in non-residents’ net investment in debt instruments. During this period, equity capital placements were received from Singapore, Japan, and the Netherlands.
These were then channeled mostly to financial and insurance, manufacturing, and professional, scientific, and technical industries.
“This development reflects the investors’ optimism at the start of the year due in turn to the gradual reopening of the economy under the ‘new normal’ condition, easing of lockdown measures, and positive news about the rollout of Covid-19 vaccines,” said the BSP.
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