FDI inflows to PH totaled $448 million in January.
According to data released by the Bangko Sentral ng Pilipinas (BSP) on Tuesday, the Philippines received USD 448 million in net FDI at the beginning of the year.
According to the BSP, net inflows in January fell by 45.7% from USD 824 million in the corresponding month of 2022.
According to the central bank, “FDI inflows decreased during the month amid global economic uncertainty and high inflation, which continued to weigh on investor decisions.”
The BSP ascribed the decline in FDI net inflows to a 56.6 percent year-over-year decline in non-residents’ net investments in debt instruments, from USD645 million to USD280 million.
In the same comparable period, lower equity capital was also noted; it decreased by 13.19 percent, from USD 107 million to USD 93 million.
By the beginning of 2023, the United States, Singapore, and Japan were the main providers of these FDIs.
Manufacturing accounted for 48% of FDI investments in January, followed by finance and insurance at 27% and real estate at 13% of total investments.
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