FDI net inflows grew by 30.4% in September
The Philippines’ Foreign Direct Investments (FDIs) net inflows recorded a 30.4% growth year-on-year to $660 million in September from last year’s $506 million, according to data released by the Bangko Sentral ng Pilipinas (BSP).
This latest figure brought the combined FDI net inflows of the first three quarters of the year to $7.3 billion, up 43.8% from 2020’s $5.1 billion.
The BSP reported that the significant increase in FDI inflows was due to the 78.6% rise in non-residents’ net investments in debt instruments to $5.3 billion from the previous $3 billion.
Additionally, reinvestment of earnings reached $865 million, 12.3% higher than $770 million from the same period a year ago.
The majority of equity capital placements in the country came from Singapore, Japan, the United States, and the Netherlands.
Further, the industries that benefited from these include manufacturing, financial and insurance, electricity, gas, steam, and air-conditioning, and real estate.
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