Skyline and buildings in Quezon City on January 11, 2023. Mark Demayo, ABS-CBN News

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<div><span style="color:rgb(0, 0, 0)">MANILA -- </span><span id="isPasted" style="color:rgb(0, 0, 0);letter-spacing:normal;orphans:2;text-align:start;text-indent:0px;text-transform:none;widows:2;word-spacing:0px;-webkit-text-stroke-width:0px;white-space:normal;text-decoration-thickness:initial;text-decoration-style:initial;text-decoration-color:initial;display:inline !important;float:none">The Philippines booked $686 million in foreign direct investment (FDI) net inflows in March, 23.1 percent higher than the $557 million booked in the same month in 2023, the Bangko Sentral ng Pilipinas (BSP) said Monday.</span></div><div><span style="color:rgb(0, 0, 0)"></span><span id="isPasted"><span style="color:rgb(0, 0, 0)"></span><span id="isPasted" style="color:rgb(0, 0, 0);letter-spacing:normal;orphans:2;text-align:start;text-indent:0px;text-transform:none;widows:2;word-spacing:0px;-webkit-text-stroke-width:0px;white-space:normal;text-decoration-thickness:initial;text-decoration-style:initial;text-decoration-color:initial;display:inline !important;float:none">The BSP said nonresidents’ net investments in debt instruments rose to $465 million from US$391 million in March 2023.</span></span><span style="color:rgb(0, 0, 0)"></span></div><div><span id="isPasted"><span id="isPasted"><span dir="ltr" id="isPasted">Nonresidents’ net investments in equity capital (other than reinvestment of earnings) also climbed by 67.1 percent to $157 million from $94 million. </span></span></span></div><div><span id="isPasted"><span id="isPasted"></span></span><span dir="ltr" id="isPasted">Reinvestment of earnings, however, fell by 11.3 percent to $64 million.</span></div><div><span dir="ltr" id="isPasted"><span id="isPasted" style="color:rgb(0, 0, 0);letter-spacing:normal;orphans:2;text-align:start;text-indent:0px;text-transform:none;widows:2;word-spacing:0px;-webkit-text-stroke-width:0px;white-space:normal;text-decoration-thickness:initial;text-decoration-style:initial;text-decoration-color:initial;display:inline !important;float:none">Equity capital placements during the month mostly came from Japan, Singapore, and the United States.</span></span><span dir="ltr" id="isPasted"><span id="isPasted"> They were invested in <span dir="ltr" id="isPasted">manufacturing, financial and insurance, and real estate industries.</span></span></span></div><div><span dir="ltr" id="isPasted"><span id="isPasted"><span dir="ltr" id="isPasted">All in all, FDI net inflows reached <span dir="ltr" id="isPasted">$3 billion in the first quarter of 2024--a 42.1. percent jump from the <span dir="ltr" id="isPasted">$2.1 billion recorded in the same period last year.</span></span></span></span></span></div><div><span dir="ltr" id="isPasted"><span id="isPasted"><span dir="ltr" id="isPasted"><span dir="ltr" id="isPasted"><span dir="ltr" id="isPasted">The FDI said this is because of the Philippines&#x27; <span dir="ltr" id="isPasted">strong growth prospects and moderating inflation. </span></span></span></span></span></span></div><div><span dir="ltr" id="isPasted"><span id="isPasted"><span dir="ltr" id="isPasted"><span dir="ltr" id="isPasted"><span dir="ltr" id="isPasted"><a href="https://news.abs-cbn.com/business/2024/3/11/foreign-direct-investments-net-inflows-rise-in-december-1220">Foreign direct investments net inflows rise in December</a></span></span></span></span></span></div><p style="color:rgb(0, 0, 0);letter-spacing:normal;orphans:2;text-align:start;text-indent:0px;text-transform:none;widows:2;word-spacing:0px;-webkit-text-stroke-width:0px;white-space:normal;text-decoration-thickness:initial;text-decoration-style:initial;text-decoration-color:initial">The Philippines has been a laggard in terms of attracting foreign investments compared to its regional peers. </p><p style="color:rgb(0, 0, 0);letter-spacing:normal;orphans:2;text-align:start;text-indent:0px;text-transform:none;widows:2;word-spacing:0px;-webkit-text-stroke-width:0px;white-space:normal;text-decoration-thickness:initial;text-decoration-style:initial;text-decoration-color:initial">The government however is hoping that recent changes to the country’s investment laws which remove restrictions on foreign ownership, will help attract more capital. </p><div><span class="fr-video fr-deletable fr-fvc fr-dvb fr-draggable" contenteditable="false" draggable="true"><iframe width="640" height="360" src="https://www.youtube.com/embed/cORcaAYW33M?&amp;t=4s&amp;wmode=opaque&amp;rel=0" frameBorder="0" allowfullscreen="" class="fr-draggable"></iframe></span><br/></div>

<p>The Philippines booked $686 million in FDI net inflows in March. </p>

The Philippines booked $686 million in FDI net inflows in March.

Foreign direct investments up in March 

Foreign direct investments up in March | ABS-CBN

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Foreign direct investments up in March

Foreign direct investments up in March

ABS-CBN News

Published Jun 10, 2024 02:46 PM PHT

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