Foreign direct investments rebound in October 2024 from two-month slump

MANILA, Philippines – Net inflows of foreign direct investments (FDIs) entering the Philippines jumped to $1 billion in October 2024, the Bangko Sentral ng Pilipinas (BSP) said on Friday, January 10.

The inflows are 50.2% higher year-on-year and over double the $368 million net FDI inflows recorded in September 2023. Net FDI inflows in September 2024 were the lowest since April 2020.

This jump brings the total amount of FDIs that entered the Philippines in 2024 to $7.7 billion...