NET foreign direct investments (FDI) surged in February compared to a year earlier, the Bangko Sentral ng Pilipinas (BSP) reported late Friday.
NET foreign direct investments surged in February compared to a year earlier, the Bangko Sentral ng Pilipinas reported late Friday.At $1.4 billion, the net inflow was 29.3 percent higher than the $1.1 million recorded a year earlier.This took the January- February tally to $2.3 billion, 48.2 percent higher than the $1.5 billion recorded in the comparable 2022 period.
Reinvestments of earnings also dipped by 3.8 percent to $66 million from $69 million.The Netherlands accounted for the bulk of FDI in February, which was mostly channeled to the financial and insurance and manufacturing industries.For the first two months of 2024, net equity capital placements surged by 350.3 percent to $753 million from $167 million a year earlier.Reinvestments of earnings rose to $165 million, up 7.
FDI Soars To $1.4B In February
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