Foreign investments fell 45.7% in January READ MORE:
as higher inflation and interest rates impacted investors’ sentiment, latest data from the Bangko Sentral ng Pilipinas show.
It said that by country source, equity capital placements came mostly from Japan, Singapore and the United States. These were invested largely in manufacturing, financial and insurance and real estate industries. Net FDI inflows contracted by 23.2 percent in 2022 to $9.2 billion from the record $12-billion in 2021 amid the sluggish global growth and elevated inflation. The 2022 net inflows, however, surpassed the target for the year of $8.5 billion.
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