The Philippine Statistics Authority will now serve as the central repository for foreign direct investment data after a new information‑sharing agreement with the Securities and Exchange Commission and the Bangko Sentral ng Pilipinas.
The memorandum of agreement establishes a framework for secure data exchange, aiming to produce FDI statistics that are more comprehensive and aligned with international standards.
Officials say the enhanced system will improve the quality, completeness, and timeliness of FDI figures by integrating enterprise‑level information with existing reporting mechanisms.
An undersecretary noted that the agreement follows a request to identify gaps in FDI compilation and strengthen the reporting process to support evidence‑based decision making.
SEC leadership praised the initiative, acknowledging the finance official’s role in conceptualizing the project.
Under the terms of the agreement, the Securities and Exchange Commission will provide corporate registration records to the Philippine Statistics Authority and the Bangko Sentral ng Pilipinas through its digital platforms. The Philippine Statistics Authority will act as the central data repository while the Bangko Sentral ng Pilipinas continues to compile and publish the statistics.
In April, net FDI inflows dropped 58.8% year over year to $250 million, the lowest monthly inflow in nearly a decade and the steepest decline since December 2022.
The April figure of $250 million is only marginally higher than the $244 million recorded in June 2016, highlighting ongoing challenges in attracting foreign investment.
