Philippines foreign direct investment largest in 6 monthsChristian Fernsby ▼ | January 10, 2020
Net foreign direct investment into the Philippines grew 33.7 percent to $672 million in October of 2019 from $502 million a year earlier, the largest amount since April last year.
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Topics: Philippines investment
Meantime, reinvestment of earnings increased 12.7 percent to $79 million from USD 71 million in the corresponding month of the previous year.
Year-to-date, net FDI inflows totaled $5.8 billion, down 32.8 percent from $8.6 billion a year earlier.
Foreign Direct Investment in Philippines averaged $372.11 million from 2005 until 2019, reaching an all time high of $2256 million in April of 2016 and a record low of -$396 million in June of 2007. ■