Foreign investments in PH down 38.87%

Foreign investments in the country dropped by 38.87 percent in 2024, data from the Philippine Statistics Authority (PSA) showed.

From January to December last year, approved investments from international sources totaled P543.62 billion, lower compared to 2023’s P889 billion.

Countries that slashed their investments include Germany (from P394 billion in 2023 to P352.8 million in 2024), the Netherlands (from P350 billion to P50.22 billion), Japan (from P57.47 billion to P28.67 billion), Singapore (from P37.52 billion to P12.13 billion), and France (from P212 billion to P16.2 million). Both China and Taiwan cut down their 2023 investments to half.

In contrast, South Korea and Switzerland raised their investments to P100.34 billion last year from  P1.52 billion in 2023 and to P289.1 billion from P37 million, respectively.

The fourth quarter of 2024 posted the lowest investment inflows, which stood at P57.70 billion,  compared to the previous quarters: P149.62 billion in the first quarter, P189.50 billion in the second, and P146.81 billion in the third.IMT