Net inflows of foreign direct investments (FDI) went up by 4.4 percent from January to November 2024, Bangko Sentral ng Pilipinas (BSP) data showed.

Data released on Monday showed that FDI net inflows during the period reached $8.6 billion, up from the $8.2 billion net inflows recorded from January to November 2023.

FDIs include investment by a non-resident direct investor in a resident enterprise, whose equity capital in the latter is at least 10 percent, and investment made by a non-resident subsidiary or associate in its resident direct investor.

It can be in the form of equity capital, reinvestment of earnings, and borrowings.

The BSP said top sources of FDIs during the period include Japan, United Kingdom, United States, and Singapore.

These were channeled mainly to manufacturing, real estate, and wholesale and retail trade.

For November 2024 alone, the BSP said FDI net inflows amounted to $901 million, down by 19.8 percent from the $1.1 billion in November 2023.

The BSP said nonresidents' net investments in debt instruments declined by 17.9 percent to $791 million from $964 million in November 2023.

Nonresidents' net investments in equity capital other than reinvestment of earnings also fell by 58.9 percent to $35 million from $85 million.

The BSP said nonresidents' reinvestment of earnings remained broadly stable at $74 million.

"The bulk of the equity capital placements in November 2024 came from Japan, the United States, and Singapore," said the central bank.

These investments were primarily channeled into the manufacturing, real estate, financial and insurance, and administrative and support service industries.

BSP PHOTO