FOREIGN direct investment (FDI) registered net inflows of US$901 million in November 2024. This represents a decline of 19.8 percent from the US$1.1 billion net inflows recorded in November 2023.
By component of FDI, nonresidents' net investments in debt instruments contracted by 17.9 percent to US$791 million in November 2024 from US$964 million in November 2023. Similarly, nonresidents' net investments in equity capital (other than reinvestment of earnings) declined by 58.9 percent to US$35 million from US$85 million.
Nonresidents' reinvestment of earnings remained broadly stable at US$74 million. The bulk of the equity capital placements in November 2024 came from Japan, the United States, and Singapore. These investments were primarily channeled into the manufacturing, real estate, financial and insurance, and administrative and support service industries.
Notwithstanding the decline in FDI net inflows during the month, the cumulative FDI level increased by 4.4 percent to US$8.6 billion in January-November 2024 from US$8.2 billion in January-November 2023. PR
