FDI net inflows rise by 50.2% to USD1-B in October 2024
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NewsTranscript
00:00The Banco Central ng Pilipinas or BSP reported foreign direct investment or FDI net inflows rose
00:06by 50.2 percent in October of 2024. This amounted to one billion dollars higher than the 681 million
00:13dollars recorded in October 2023. The central bank attributed this increase to the 60.7 percent
00:20growth in non-residents net investments in debt instruments which went up to 839 million dollars
00:27from 522 million dollars. Due to these developments the January to October 2024
00:33FDI net inflows reached 7.7 billion dollars up 8.2 percent from the 7.1 billion dollars
00:41in the same period in 2023.