BSP reports 8-month high in October FDI

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THE country’s total foreign direct investment (FDI) inflows recorded an eight-month high in October, according to the Bangko Sentral ng Pilipinas (BSP).

The PSA data are also not based on the 10-percent foreign ownership criterion under BPM6 and the BSP’s FDI data are presented in net terms (i.e., equity capital placements less withdrawals).

Nomura analysts Euben Paracuelles and Nabila Amani said public investment spending will remain a major growth engine for the Philippines and could help crowd in more investments, including FDIs.

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Article Details

Author / Journalist: Cai U. Ordinario

Category: BusinessStartups

Markets: PhilippinesAustraliaJapanSingaporeUnited States

Topics: October Investments Million Equity Growth Data Investment 2024 Percent Inflows Capital

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-10 @ 16:04:00 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 700 words

Reading Time: 4 minutes read

Sentences: 27 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © Business Mirror

News ID: 25043451

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