Net FDI balloons to $907M in Jan

by Niña Myka Pauline Arceo - Janine Alexis Miguel

Apr 11, 2024 12:36 am

NET foreign direct investments (FDI) surged in January, the Bangko Sentral ng Pilipinas (BSP) reported on Wednesday, growing by 89.9 percent to $907 million from $478 million a year earlier.

A Cabinet official said the results reflected confidence in the Philippines' economic potential while an analyst said these could have been realized commitments from the Marcos government's push to lure foreign investors.

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