Philippines Sees Increase in Foreign Direct Investments to $820M in July — BSP

The Bangko Sentral ng Pilipinas (BSP) reported a rise in foreign direct investment (FDI) net inflows to the Philippines, reaching $820 million in July. This marks a 5.5% increase from the $778 million recorded in the same month last year, and a substantial improvement over June’s $394 million inflows, the lowest since April 2020.

The BSP attributed the growth to increased net inflows across all FDI components. Foreign investments in debt instruments rose by 2.7% year-on-year to $610 million, while reinvestment of earnings grew by 12.8% to $135 million. Net investments in equity capital also saw a 16.8% increase to $76 million, with the majority of these investments originating from Japan, the United States, and Singapore, directed mainly towards the manufacturing and real estate sectors.

From January to July 2024, FDI net inflows totaled $5.3 billion, reflecting a 7.5% increase compared to the same period in 2023.

The BSP’s FDI data represents actual investment inflows, which are distinct from the approved investment pledges reported by the Philippine Statistics Authority.