A Surge in Foreign Direct Investments in the Philippines A Deep Dive

Описание: A Surge in Foreign Direct Investments in the Philippines A Deep Dive
THIS IS WHY PHILIPPINES 🇵🇭 IS WORTH EMULATING

Philippines: A Growing Investment Hub
In a recent financial revelation, the Philippines reported a net inflow of $753 million in foreign direct investment (FDI) in July, marking a 35.7% increase compared to the same period last year. This significant rise in FDIs was primarily driven by nonresidents’ net investments in debt instruments, which more than doubled. However, this development was offset by a decrease in nonresidents’ net investments in equity capital and reinvestment of earnings.

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Investors’ confidence remains solid in PH with high reinvested earnings, rising foreign investment approvals, says DTI

Investors’ confidence remains solid in the country as evidenced by high reinvested earnings and rising foreign investment approvals despite the decline in the Philippines’ foreign direct investment (FDI) inflows in the first semester of this year, Department of Trade and Industry (DTI) Secretary Alfredo Pascual said on Monday.

Pascual issued the statement in response to a news report saying FDI declined by 20 percent to $3.9 billion in the first half of 2023 compared to the same period last year based on Bangko Sentral ng Pilipinas (BSP) data.

“In summary, although FDI in the Philippines declined in the first semester of 2023, there remains solid foreign investor confidence in the country, as demonstrated by the high reinvested earnings and the rising foreign investment approval by BOI and other IPAs (Investment Promotion Agencies),”

Source: https://pco.gov.ph/news_releases/inve...

According to Pascual, it is essential to recognize that FDI numbers reflect decisions investors made well before the actual funds’ inflow recorded by BSP.

Global financial conditions, especially the high inflation and interest rates during the first half of 2023, contributed to this FDI decline. However, such decline is not a phenomenon unique to the Philippines. Other ASEAN countries also experienced drops in their FDI, he said.

“Factors such as inflation rates and investment rates substantially influence FDI decisions. Stable inflation and competitive interest rates generally attract FDI, whereas high inflation and unfavorable rates can repel foreign investors,” Pascual noted.




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