The Philippines has surpassed the net foreign direct investment (FDI) inflows of Malaysia and Thailand in the first three quarters of 2023, Trade and Industry (DTI) Undersecretary Ceferino Rodolfo said.
In a chat with reporters Friday, Rodolfo said the Philippines, Indonesia, Malaysia, and Thailand recorded double-digit declines in net FDI inflows last year, while Vietnam’s growth was minimal at 2.25 percent.
He said the country’s 15.93-percent decrement in net FDI inflows from January to September last year was the lowest compared to the neighboring countries such as Indonesia, down by 18.75 percent; Thailand, down by 50.75 percent; and Malaysia, down by 61.31 percent.
The less sluggish drop in net FDI inflows last year made the country surpass Malaysia and Thailand, according to Rodolfo, who is also the Managing Head of the Board of Investments.
For the first three quarters…
