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PH FDI net inflows increases to $8.93-B in 2024
PTVPhilippines
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3/10/2025
PH FDI net inflows increases to $8.93-B in 2024
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00:00
The country's dollar reserves hit a tad over $106.5 billion last month, a 3.3% uptick from
00:08
the month of January this year, and a shade over 4.5% more than last year's.
00:14
The surge is in large part due to foreign investment earnings, higher gold value, and
00:19
governments' yield in foreign bank deposit interests.
00:23
Foreign investments posted an amount in excess of $89.4 billion, while gold reserves amounted
00:31
to $12.5 billion.
00:33
For a clearer perspective, the BSP said the gold reserves can bankroll seven and a half
00:38
months of the country's imports and 3.8 times the country's short-term IOUs.
00:44
The country's gold reserves help keep the economy afloat and is backed up by OFW remittances,
00:51
foreign investments, and BPO revenues.
00:54
And the BSP expects the country's gold reserves to hit $110 billion this year, buoyed by better
01:00
economic conditions and a better overall exchange rate for the year.
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