Foreign investments registered with the Bangko Sentral ng Pilipinas (BSP) saw a significant rebound in November 2024, with net inflows of USD96.59 million, reversing the previous month’s USD529.68 million net outflows. This was driven by USD1.86 billion in gross inflows, a 25.8 percent increase from October’s USD1.48 billion.
A substantial 71.4 percent of the investments were channeled into peso-denominated government securities (GS), while the remaining 28.6 percent went into PSE-listed securities, particularly in banks, holding firms, property, transportation services, and food & beverage sectors. The United Kingdom, Singapore, the US, Luxembourg, and Norway were the primary sources, accounting for 90% of total inflows.
Despite gross outflows totaling USD1.76 billion (a 12.2 percent drop from October), the overall investment climate remained strong. The US was the leading destination for outflows, receiving 51.8 percent of the total.
Year-on-year, November’s inflows marked an 18.2 percent increase compared to the same period in 2023, although net inflows were 85.6 percent lower than last year due to higher outflows. Year-to-date figures show a marked improvement, with net inflows of USD2.59 billion compared to USD43.66 million in net outflows last year, highlighting a return of investor confidence.
These developments underscore the growing importance of foreign investments in strengthening the domestic economy. The BSP’s voluntary registration system for foreign investments continues to serve as a key mechanism for attracting capital into the Philippines.
