00:00The number of foreign direct investments or FDIs in the Philippines reached 8.93 billion US dollars in 2024.
00:07According to the data released by the Central Bank of the Philippines,
00:10this is a higher number compared to the 8.925 billion US dollars in 2023.
00:15There is an FDI when an individual or a company
00:21from another country starts a business in the Philippines in a different way.
00:25In addition to the FDI in December 2024,
00:28the country received 110 million US dollars
00:31in manufacturing, finance, construction, and real estate.
00:36Meanwhile, the Philippine dollar reserves reached 106.65 billion US dollars
00:41at the end of February this year, according to the FDI.
00:45It increased by 3.3 percent from January and 4.6 percent compared to the previous year.
00:51Because of the government foreign deposits,
00:52the gold value and earnings from foreign investments are higher.
