Net FDI Inflows into Philippines $484 mn in Jun, $3.9 bn in H1 2023

12 Sep '23

1 min read

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The net foreign direct investment (FDI) inflows into the Philippines were worth $484 million in June—down by 3.9 per cent from the $503 million in June 2022.
Net investments in debt instruments rose by 11 per cent in the month at $283 million from $255 million in June 2022.
For the first half of the year, FDI net inflows fell by 20.4 per cent YoY to $3.9 billion.

The net foreign direct investment (FDI) inflows into the Philippines were worth $484 million in June this year—down by 3.9 per cent from the $503 million in the same month last year.

This was due to the recorded declines in non-residents’ net investments in equity capital (other than reinvestments of earnings) and their reinvestment of earnings, by 11.8 per cent (from $126 million to $111 million) and by 26.8 per cent (from $122 million to $89 million) respectively, the country’s central bank said.

Meanwhile, net investments in debt instruments increased by 11 per cent during the month at $283 million from $255 million in June 2022.

The bulk of the equity capital placements in June this year were sourced primarily from Japan, the United States and Singapore. These were largely infused to the manufacturing, real estate and information and communication industries.

For the first half of the year, FDI net inflows decreased by 20.4 per cent to $3.9 billion from the $4.9 billion net inflows recorded in the same period last year.

The slowdown in FDI may be due largely to investor concerns over weak growth prospects amid persistent global uncertainties, the bank added.

ALCHEMPro News Desk (DS)

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