FOREIGN direct investment (FDI) is on track to exceed 2019 levels this year, with investors drawn in by reforms that have made the Philippines a more attractive investment destination, the Department of Finance (DoF) said.
“FDI levels are seen to be on track to exceed pre-pandemic levels. In order to further expand this promising growth story, we have carefully designed strategic initiatives that maintain a fiscal sector that is supportive of this goal,” Finance Assistant Secretary Neil Adrian S. Cabiles said at the BusinessWorld Insights: Stock Market Outlook 2025 conference.
In the first 11 months of 2024, FDI net inflows rose 4.4% to $8.58 billion, the DoF said, accounting for 95.3% of the BSP’s full-year forecast of $9 billion.
In 2019, the last year before the pandemic, FDI net inflows amounted to $8.671 billion.
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