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Net inflows of foreign direct investment to the Philippines saw a recovery in October 2024, the Bangko Sentral ng Pilipinas reported on Friday.Preliminary data released by the BSP showed that FDI —a key source of jobs and capital for the local economy— posed a net inflow of $1 billion in October last year, up 50.2% from $681 million in October 2023.
The central bank said FDIs were directed primarily to the manufacturing, real estate, and construction industries.The January to October 2024 FDI net inflows stood at $7.7 billion, up 8.2% from the $7.1 billion net inflows in January-October 2023.In an emailed commentary, Rizal Commercial Banking Corp.
Fdi Foreign Direct Investments
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