The Bangko Sentral ng Pilipinas (BSP) registered 1.569 billion of foreign direct investment (FDI) net inflows in the first two months of the year – which is up by 20.6 percent year-on-year or from $1.301 billion.
During this period, most equity capital placements came from investors in Singapore, Japan, the Netherlands, and the US. These funds were invested in financial and insurance, manufacturing, and real estate industries in the same two months last year.
For 2021, the central bank projects net FDI inflows of $7.8 billion. Last year, FDI net inflows reached $6.54 billion, down by 24.6 percent from 2019’s $8.67 billion.