MANILA– Foreign direct investment (FDI), that flowed into the Philippines, fell to 626 million U.S. dollars in Sept, 7.9 percent lower than the amount posted in Sept, 2021, the Philippine central bank said today.

On a cumulative basis, the Bangko Sentral ng Pilipinas (BSP), said, the FDI net inflows for the first three-quarters of 2022, reached 6.7 billion dollars, 10 percent lower than the 7.5 billion dollars recorded in the same period last year.

“The decline in FDI net inflows in Sept, reflected the decrease in non-residents’ net investments in debt instruments, which more than offset the growth in their net equity capital placements,” the BSP said.

“The FDI remained subdued, amid lingering concerns on (the) global economic slowdown, higher inflation, and the depreciation of the peso,” the BSP added.

Inflows in Sept came, mainly from Singapore, Japan, and the United States, and invested primarily in the finance and insurance, manufacturing, and real estate industries.

Source: NAM NEWS NETWORK