FOREIGN direct investment (FDI) net inflows to the Philippines totaled USD1.03 billion in September, according to data released by the Bangko Sentral ng Pilipinas (BSP) on October 31.
The September net inflows surged by over 92 percent, or USD491.82 million higher from the previous month, up from August’s USD533.95 million.
“The US$1,025.77 million net inflows for September 2024 are a reversal from the US$698.01 million net outflows recorded for the same period a year ago,” BSP said.
Year-on-year, September’s registered investments surged to USD2.53 billion, nearly tripling the USD887.61 million seen in September 2023 — a 185.2 percent increase.
Gross outflows decreased by 5 percent to USD1.51 billion from USD1.59 billion in the same period last year.
More than half of these registered investments, or about 57.5 percent, were placed in peso-denominated government securities.
The remaining 42.5 percent was directed to Philippine Stock Exchange-listed securities, largely concentrated in sectors such as banking, holding firms, property, transportation services, and food and beverage.
The primary sources of FDIs in September were the United Kingdom, Singapore, the United States, Luxembourg, and Malaysia, accounting for 88.4 percent of the month’s inflows.
From January to September, net inflows of portfolio investments in the Philippines reached USD3.02 billion, rebounding sharply from the USD387.24 million net outflow recorded in the same period in 2023. (PNA)
