Foreign direct investment (FDI) net inflows reached $110 million in December 2024, an 85.2% decline from the $743 million recorded in December 2023.
Despite an increase in nonresidents’ net equity capital investments, FDI declined due to higher debt repayments by resident corporations to their nonresident direct investors.
As a result, net foreign investments in debt instruments shifted to net outflows of $19 million in December 2024 from net inflows of $618 million a year earlier.
Additionally, reinvestment of earnings dropped 14.7% to $80 million from $94 million in December 2023.
Meanwhile, nonresidents’ net investments in equity capital, excluding reinvestment of earnings, surged 58% to $49 million from $31 million in the same period.
Equity capital placements in December 2024 primarily came from Singapore, Japan, the United States, and South Korea.
These investments were largely directed toward the information and communication, manufacturing, financial and insurance, construction, and real estate sectors.
For the full year of 2024, FDI net inflows remained stable at $8.9 billion.
