INQUIRER FILE PHOTO
MANILA, Philippines — Foreign direct investments in the Philippines were relatively flat in 2024 to settle below the central bank’s projection, with the December net inflows collapsing by over 80 percent as uncertainties emanating from a second Trump presidency weighed on investors’ minds.
The latest data from the Bangko Sentral ng Pilipinas (BSP) showed $8.930 billion in FDIs entered the country against those that left last year, almost unchanged from the $8.925 billion recorded in 2023.
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That fell short of the BSP’s forecast of a $9-billion FDI net inflow for the whole of last year.
In December 2024, FDI net inflows plummeted by 85.2 percent year-on-year to $110 million.
