The amount of Philippines-bound FDI that exceed outbound flows increased by 6.3 percent to $923 million in October 2022 from $868 million in the same month of 2021 despite expectations of a global economic slowdown in 2023.
In October alone, the year-on-year increase stopped a four-month downtrend that ended with a 7.9-percent decline in September.
There was a 5-percent rise in nonresidents’ net investments in debt instruments to $667 million from $635 million. Most of the equity capital placements in October came from Japan, the United States and Singapore. These were invested mainly in the industries of financial and insurance; manufacturing, and real estate.
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