Foreign direct investments (FDI) recorded net inflows of $8.93 billion in 2024, the Bangko Sentral ng Pilipinas (BSP) said.

Data released by the BSP on Monday showed that the amount was slightly higher than the $8.92 billion in 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.

Top sources of FDIs last year include Japan, United Kingdom, United States, and Singapore.

These were channeled mainly to manufacturing, real estate and information and communication.

For December 2024 alone, FDI net inflows amounted to $110 million.

The BSP said Singapore, Japan, United States, and Korea were the top sources of FDIs during the month.

"These investments were mostly directed towards the information and communication; manufacturing; financial and insurance; construction; and real estate industries," the BSP said. 

PNA PHOTO