PHILIPPINE NET INFLOWS of foreign direct investments (FDI) declined in August as higher interest rates and a looming global economic slowdown hurt investor confidence.
PHILIPPINE NET INFLOWS of foreign direct investments declined in August as higher interest rates and a looming global economic slowdown hurt investor conows fell by 19.2% to $797 million from $987 million a year earlier.Despite the decline, August saw the biggest monthly FDI inflow since the $989 million in April.
“The worldwide inflation, the war in Ukraine and Russia, the continued increase in the prices of oil and oil products and the recession in the US and Europe led to the tightening of policy,” Colegio de San Juan de Letran Graduate School Dean Emmanuel J. Lopez said. “This naturally prohibits the outpouring of funds coming from foreign sources which will give rise to an economic slowdown.
BSP data showed all major FDI components posted lower net inflows, particularly non-residents’ net investments in debt instruments of their local affiliates. The equity placements were mainly from Japan and the United States. Investments were placed mostly in manufacturing, real estate, and information and communication industries.rst eight months, total FDI net inForeign investments in debt instruments also slid by 13% year on year to $4.16 billion.Net foreign investments in equity capital shrank by 17.1% to $907 million. Equity capital placements fell by 23.2% to $1.06 billion, while withdrawals declined by 46.8% to $150 million.
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