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Net inflows of foreign direct investments to the Philippines dipped to its lowest level in four years, amidst a backdrop of uncertainties arising from geopolitical risks and high inflation and interest rates environment.Preliminary data released by the Bangko Sentral ng Pilipinas showed that FDI net inflows stood at $394 million in June 2024, down by 29% from the $555-million net inflows recorded in June 2023.
Likewise, nonresidents’ net investments in equity capital —other than reinvestment of earnings—and their reinvestment of earnings decreased by 33.2% to $74 million from $111 million and 23.4% to $107 million from $140 million, respectively.“Equity capital placements in June 2024 were sourced primarily from Japan, the United States, Sweden, and Singapore,” the BSP said.
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